Mitchell D. Holzrichter

Partner

Areas of Focus

Mitchell D. Holzrichter

Partner

mholzrichter@akingump.com

Areas of Focus

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Biography
  • Advises owners, sponsors, investors and lenders on the development, financing, acquisition and disposition of complex infrastructure projects, including transportation, social infrastructure and digital infrastructure assets.
  • Serves as counsel on many of the market's most innovative public-private partnerships and concessions, including the first long-term lease of a major U.S. commercial airport and the first revenue-risk highway concession to offer a net concession payment to a government owner.
  • Represents leading strategic and financial investors in data center & digital infrastructure transactions, as well as governmental entities, gaming companies and political law clients on their most sensitive regulatory and transactional matters.

Mitch advises owners, sponsors, investors, developers, contractors and lenders on complex infrastructure transactions across the United States. He counsels clients on project development through revenue-risk concessions, availability payment structures, design-build agreements and other alternative delivery methods, as well as on equity investments, mergers & acquisitions, and financings of infrastructure projects and companies. Mitch's practice focuses on transportation and social infrastructure assets, digital infrastructure & data centers, and their associated energy facilities.

Mitch has served as counsel on many of the market's most innovative infrastructure transactions, including the first long-term lease of a major U.S. commercial airport, the first revenue-risk highway concession to offer a net concession payment to a government owner and the first public university student housing availability payment transaction. He regularly advises on projects incorporating emerging technologies, including data centers and digital assets, connected and autonomous vehicle lanes, automated transit networks, vertiports and other new mobility platforms. Across the investment life cycle, Mitch represents sellers and bidders in competitive M&A processes and counsels investors on venture capital, upstream and other equity transactions involving infrastructure companies and concessions.

Mitch also advises sophisticated governmental clients—including public pension systems, financing authorities and development agencies—on their governance and complex transactional matters, and counsels major gaming companies and suppliers on licensure and other regulatory issues. He rounds out his practice with government and political law work spanning ethics, lobbyist registration, public records laws, and election and campaign finance matters, and has represented plaintiffs—including members of Congress and government reform advocates—in voting rights litigation, redistricting matters and constitutional ballot initiatives.

A leader in Chicago’s civic and legal communities, Mitch serves as primary outside legal counsel to the Illinois Economic Development Corporation, has acted as transition counsel to the last three Chicago mayors and sits on the Board of Directors of the Civic Federation of Chicago.

Representative Work
  • Represented ACS Group on the acquisition and development of a new $2 billion data center in Fort Worth, Texas.
  • Represented a major international infrastructure investor in the acquisition of a data center operator and related development rights located in Virginia.
  • Represented Macquarie Capital in its investment in Prime Data Centers, a California-based wholesale data center developer and operator.
  • Represented ACS Group in its acquisition of a controlling interest in Skyports Ltd., an innovative London-based vertiport developer and operator and drone-delivery service.
  • Represented investors in the lease and development of new Terminal 6 at John F. Kennedy International Airport in New York, a $3.9 billion project for which the financing was named Deal of the Year for the Northeast Region by Bond Buyer and best Transport (Airport) Deal in North America by IJ Global.
  • Represented the government of Puerto Rico on the long-term lease of the Luis Munoz Marin International Airport in San Juan, the first such lease of a major U.S. airport, which was named P3 Deal of the Year by Project Finance International.
  • Represented Texas Department of Transportation on the SH 288 toll lanes project near Houston, a revenue-risk concession deal with a construction value of $800 million, which was the first transaction of its type to offer a concession payment to the owner.
  • Represented the developer of the East End Crossing bridge project near Louisville, which was named Deal of the Year by Bond Buyer and Transport Deal of the Year by Project Finance International, and subsequently represented the developer on a refinancing of the project debt.
  • Represented the consortium of Abertis Infraestructuas and John Hancock in their acquisition of Elizabeth River Crossings, a long-term toll highway and tunnel concession in Virginia with an enterprise value of more than $2 billion.
  • Represented a major commercial airline in the development of new Terminal One at John F. Kennedy International Airport in New York, a $9.5 billion project.
  • Represented lenders to the PennDOT Pathways Major Bridge Public Private Partnership program, which included an issuance of $1.8 billion in private activity bonds, the largest issuance of surface transportation private activity bonds ever and named best Transport (Road) Deal in North America by IJ Global.
  • Represented Accelerate Maryland Partners, a consortium of Transurban and Macquarie, on the development Represented of the Maryland express lane program near Washington, D.C.
  • Represented Capital One in the development of its airport lounge program, including at airports in Denver, Dallas and Washington, D.C., among other locations.
  • Represented the City of Chicago and the City of St. Louis in proposed leases of Midway International Airport and St. Louis Lambert International Airport, respectively.
  • Represented Alabama Department of Transportation on the proposed redevelopment of the Mobile River Bridge along I-10.
  • Represented Purdue University on a first-of-its-kind use of availability payments to develop new student housing facilities.
  • Represented HMSHost Corporation in the sale of its highway rest area concession business as a carve-out sale transaction.
  • Represented DIF Capital Partners in its acquisition of a majority interest in a fiber and fixed wireless provider in the Midwestern U.S.
  • Represented BBGI in its acquisition of a controlling interest in East End Crossing Partners, which holds the concession for the East End Crossing bridge project near Louisville.
  • Represented shortlisted bidders in offers for Pan Am Railways and the Lake State Railway Company.
  • Represented The Sales Tax Securitization Corporation, an affiliate of the City of Chicago, in various financings secured by the City's sales tax revenues, including a $1.7 billion financing to support initiatives to address affordable housing, homelessness support services, environmental justice, and community development that was named Deal of the Year by Bond Buyer.
  • Represented ACS Infrastructure Development on its investment in and strategic partnership with Glydways, an innovative personal rapid transit company.
  • Represented KPMG on the Michigan Department of Transportation’s innovative connected and autonomous vehicles (CAV) project with Cavnue.
  • Represented The Virgin Islands Port Authority (VIPA) on its proposed public-private partnership for the long-term lease and operation of the Cyril E. King Airport on St. Thomas and the Henry E. Rohlsen Airport on St. Croix.
  • Represented Plenary on the development of a first-of-its-kind airport transportation system at Greenville-Spartanburg International Airport.

Education
  • J.D., University of Michigan Law School, cum laude, 2008

  • B.A., Northwestern University, 2005

Bar Admissions
  • Illinois

Recognitions
  • Chambers USA, Band 3, Projects: PPP, 2021-2026.
  • Chambers USA, Band 4, Political Law, 2024-2026.
  • Chambers Global, Band 3, Projects: PPP, 2022-2026.
  • Legal 500 US, Leading Partner, Government Relations, 2026.
  • Law360, Rising Star, Transportation Law.
  • American Road and Transportation Builders Association, Emerging Leader of the Year.
  • The Bonder Buyer, Deal of the Year.
  • Finance International, Deal of the Year.
  • P3 Bulletin, Deal of the Year.
Affiliations and Public Service
  • Edgar Fellow, University of Illinois’s Institute of Government and Public Affairs.
  • Board of Directors, The Civic Federation of Chicago.
  • Served for two years in senior positions in the Office of the Governor of Illinois.
  • Served as a member of the Illinois State Board of Education, which oversees public education in Illinois.
Speeches and Publications
  • Author, “Progressive Delivery of Transportation Infra,” Project Finance International, May 2023.
  • Author, "Evaluating and Implementing Airport Privatization and Public-Private Partnerships," National Academies of Sciences, Engineering, and Medicine, 2021.
  • Author, "One Hundred Years of State Utility Regulation," ABA Infrastructure and Regulated Industries Section, March 2018.

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