Macquarie Asset Management to Acquire Additional Stake in Last Mile Infrastructure

Macquarie Asset Management's (MAM) acquisition of the remaining 50% stake in Last Mile Infrastructure from Infracapital represents a strategic move to consolidate its position in the UK's last-mile utility connections market. This transaction will give MAM full ownership of Last Mile Infrastructure, a company that installs, owns, and operates essential utility connections for new homes. The deal underscores MAM's commitment to investing in infrastructure that supports the UK government's ambitious housing targets. The anticipated closing in 2026 suggests a complex transaction requiring significant regulatory scrutiny, reflecting the importance of the asset and the sector it operates in. The acquisition is notable due to the involvement of major players like Macquarie and Infracapital, highlighting the attractiveness of the UK's utility infrastructure sector to institutional investors. Last Mile Infrastructure's substantial growth since 2018, quadrupling its live connections base, further validates the investment opportunity. The deal's focus on supporting the construction of 1.5 million new homes by 2029 directly aligns with national infrastructure priorities, potentially offering stable, long-term returns for MAM.