Airports Worldwide was founded in 2008 under the name ADC & HAS Airports Worldwide. The company rebranded in 2014 to Airports Worldwide, but has its origins in a partnership between Airport Development Corporation (ADC), a pioneer in airport privatization and HAS Development Corporation (HASDC), the private development affiliate of the Houston Airport System (HAS). The partnership dates back to 2002 when a joint venture company, ADC & HAS Management was formed to operate the Mariscal Sucre International Airport and build and operate the New Quito International Airport (today renamed Mariscal Sucre) in Quito, Ecuador.
In November of 2008, Airports Worldwide was part of the consortium that was awarded a 20-year concession agreement to construct, manage, operate and maintain the new passenger terminal of the Daniel Oduber Quirós International Airport (LIR) in Liberia, Costa Rica. Today, Airports Worldwide is a 45% shareholder of Coriport S.A., the concessionaire for LIR, and has an Operations and Management Agreement to operate the new terminal building which opened in January 2012.
In April of 2009, a long-term strategic partnership was formed between Airports Worldwide and OMERS Strategic Investments (OSI), a member of the OMERS Worldwide group of companies. The partnership was created specifically to pursue opportunities in the airport privatization market.
In July of 2009, in partnership with Andrade Gutierres Concessões, the major Brazilian conglomerate, acquired the contract for the development, investment and operation of the Juan Santamaría International Airport (SJO) in San José, the capital city of Costa Rica. Since takeover, Airports Worldwide has been providing its operational expertise to the airport via an Operations and Management Contract (O&M).
In February 2013, OMERS became the majority equity shareholder in Airports Worldwide.
In October of 2013, Airports Worldwide acquired global airport assets in Northern Ireland, Sweden and in the United States from Abertis Airports' TBI Limited. The transaction included the purchase of 100% of the shares of Belfast International, 90.1% of the shares of Stockholm-Skavsta and 100% of the shares in the concession to operate Florida's Orlando Sanford International Airport. Also, included in the acquisition was 100% of the shares of TBI Airport Management, which has operating contracts with five US airports including at the world's busiest airport (Hartsfield-Jackson Atlanta International).
In 2014, having completed the integration of the assets purchased in Europe and North America, Airports Worldwide moved with in the OMERS family from OSI to Borealis Infrastructure.
The business model of Airports Worldwide has been based on bringing together the capital, operational and development expertise of its sponsors, OMERS and Airport Development Corporation (ADC). The partnership has been successful in creating a world class global airport equity operator.
The following diagram summarizes the ownership structure of Airports Worldwide: