ASUR – Grupo Aeroportuario del Sureste, S.A.B. de C.V., which last week entered into a purchase agreement with Brazil-based Motiva that will make it the leading airport operator in Latin America, now has a major presence in U.S. airports as well.
ASUR this week announced that it has completed the acquisition of URW Airports, LLC, the retail developer and operator of terminals at John F. Kennedy International Airport, Los Angeles International Airport, and Chicago O’Hare International Airport.
The acquisition is through the company’s ASUR US Commercial Airports, LLC subsidiary, for an enterprise value of US$295 million.
The purchase was completed with ASUR US Commercial Airports, LLC acquiring all of the issued and outstanding equity interest of URW Airports, LLC from Unibail-Rodamco-Westfield’s wholly owned subsidiary Westfield Development, Inc. The acquired entity will be called ASUR Airports, LLC (ASUR Airports).
ASUR says that the acquisition will enable it to grow its network in the mainland-U.S., including airport and airport terminal development initiatives. This acquisition marks ASUR’s strategic expansion of its U.S. airport retail concessions operations, expanding its footprint and enhancing its commercial capabilities.
ASUR is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in Mexico, Puerto Rico and Colombia. Once the Motiva deal is completed, ASUR will also have stakes in 17 airports in Brazil, as well as in Quito, Ecuador, San Jose, Costa Rica, and Curaçao. Led by an industry-leading local management team, ASUR Airports will now manage select commercial programs at key U.S. airport terminals, including: Terminals 1, 2, 3, 6, and Tom Bradley International Terminal and Tom Bradley International Terminal West at Los Angeles International Airport; Terminal 5 at Chicago O’Hare International Airport; and Terminals 8 and New Terminal One at New York John F. Kennedy International Airport.
