EY restructures infrastructure Transaction Advisory Services in Americas

09 January 2019 - 12:00 am UTC

EY has restructured the management of its Americas Transaction Advisory Services (TAS) offering in infrastructure by reassigning three executives, the company announced on 7 January. 

Mike Parker, former head of Ernst & Young Infrastructure Advisors (EYIA), will now serve as Americas Infrastructure Leader, Connie Cassidy, a senior transaction diligence partner, will lead Infrastructure Private Equity in the Americas, while Tom Rousakis, senior managing director EYIA, will succeed Parker.

According to a spokesperson, the changes will improve the quality of service EY provides clients, by “making it more holistic – bringing closer together expertise from across the infrastructure investment lifecycle and from across types of infrastructure.”

EY TAS has more than 4,000 staff across the Americas and under this new structure the infrastructure team will be able to draw from across TAS, including practitioners with expertise in transportation, government, power and utilities, oil and gas, telecommunications, buildings and other types of infrastructure.

“EY has unified leadership for the broad range of services which clients who are developing, already own, are acquiring or divesting infrastructure will need,” the spokesperson said. “These services include corporate finance and financial advisory, but also diligence, strategy, transactional tax, value creation, integration/operations, restructuring and turnaround.” 

According to Inframation Deals, EY closed 12 deals in the Americas region in 2018; three in Latin America and nine in the USA and Canada. 

The firm advised Los Angeles World Airports (LAWA) on the USD 1bn+ CONRAC and APM projects in Los Angeles, North Haven Infrastructure Partners II (NHIP II) on its USD 1.75bn acquisition of Brazos Midstream Holdings in the USA and IDEAL on its USD 483m refinancing of two private prison concessions in Mexico. 

 

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