Michael Smerdon serves as Executive Vice President and Chief Financial Officer of Capstone Infrastructure Corporation (TSX: CSE), a role he has held since August 2009.
At Capstone, Mr.Smerdon has led the sale, by way of IPO, of Leisureworld Inc.; five asset-level project financings totalling over $270 million; and over $600 million of corporate-level equity and debt financing to support Capstone’s growth strategy. He currently serves as one of Capstone’s representatives on the board and audit committee of Bristol Water PLC, a regulated water utility in the UK.
During his time at Macquarie, Mr. Smerdon served as a key member of the senior management team of New York-based Macquarie Infrastructure Partners Inc. (MIP), which manages two infrastructure funds totalling US$5.5 billion of investor capital. His responsibilities included managing Macquarie’s North American port investments as well as leading the capital raise and structuring for Macquarie Infrastructure Partners II. Prior to his role with MIP, Mr. Smerdon was responsible for managing a number of Macquarie’s infrastructure businesses, including the Detroit-Windsor Tunnel, Atlantic Aviation, Leisureworld and Parking Company of America Airports, among others, where he was involved in the acquisition, directed business planning, financial and operational reporting, capital structure management, risk management and governance, including serving on each business’ board of directors, and ultimately led the sale of each of those businesses.
Mr. Smerdon holds a Bachelor of Commerce degree from the University of British Columbia and a Master of Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario. He also holds the Chartered Financial Analyst designation.