Andrew Olinick
Senior Managing Director, Infrastructure at Macquarie Asset Management
New York, NY
Active mid-large-cap principal at the world's largest infra manager. Direct peer for U.S. transmission services investments.
Background
Senior Managing Director at Macquarie Asset Management (the world's largest infrastructure manager) with 20+ years of investment experience in private businesses across the U.S. and Europe. Led Macquarie's strategy for the 2025 investment in DynaGrid, a U.S. transmission and substation services provider founded in 2012.
Notable deals
- 2025
- 2024
Call-prep brief
Background
Andrew represents Macquarie's continued bet on the picks-and-shovels layer of the grid build-out: not utilities, not equipment OEMs, but the services and construction layer that builds and maintains transmission. DynaGrid (2025) is the flagship recent investment.
What he cares about
- Transmission services platforms. Utilities increasingly outsource line construction and substation work.
- Pricing power in capacity-constrained markets (lineman shortage, contractor backlog).
- Roll-up theses in regional T&D services.
Sensitivities
- Direct peer fund; be clear about whether you're proposing co-investment or competing.
Questions to ask
- Where does Andrew see the next leg of the transmission-services roll-up. Regional contractors or national platforms?
- How does Macquarie think about labor-supply constraints as an investment thesis?
- Which adjacent categories (substation construction, line surveying, drone inspection) is Macquarie watching?
Outreach draft
Linked companies
Sources
- Name + firmPrimarymacquarie.com/au/en/about/news/2025/macquarie-asset-management-to-acquire-majority-stake-in-dynagrid.html