Macquarie Infrastructure Company, which owns and operates US infrastructure businesses, has agreed to acquire the fi xed base operations business of Mercury Air Centers for $456.2 million.

Mercury operates a network of 24 fi xed base operations, or FBOs, at 22 airports across the US.

Mercury was founded in 1958 as a provider of refueling, baggage handling and ramp services at Los Angeles International Airport. The company grew to provide cargo handling and services to the military before acquiring its fi rst FBO in the early 1980’s.