What Conrac Solutions does

Conrac Solutions, founded in 2007 by Mark Pfeffer and headquartered in Renton, Washington, is a privately-held infrastructure company that delivers consolidated rental car (ConRAC) facilities at US airports through public-private partnerships (P3/PPP). The company operates three internal divisions — CS Project Delivery (feasibility, planning, design, construction), CS Operators (facility management, fueling, car wash, environmental compliance, waste and fuel systems) and CS Capital (project finance, equity and debt placement, asset management) — and has developed a portfolio of 19 projects across more than a dozen states, including the 2.7 million sq ft, $580 million Newark Liberty International Airport ConRAC and the $299 million Reno-Tahoe International Airport facility scheduled to open in 2028.

The company monetizes through two complementary streams: one-time design-build project delivery contracts structured as fixed-price, date-certain agreements, and long-term (25–40 year) operations and maintenance contracts funded by Customer Facility Charges (CFCs) collected from rental car customers. Proprietary technology includes two granted patents — a Waste Management System deployed at 12 CS-operated sites and a weighted-average Fuel Management System — alongside an emerging Airport Energy Infrastructure capability covering EV fast-charging and airside electrification, evidenced by a $22.1M LaGuardia Terminal B eGSE charging project. Customers are US airport authorities and, indirectly, major rental car brands (Avis, Hertz, Enterprise, FOX) that operate as facility tenants; go-to-market is exclusively through competitive public procurement and direct negotiation with airport operators. Since May 2023, Conrac Solutions has been wholly owned by Meridiam, a Certified B Corporation and global sustainable infrastructure asset manager.

Name

Conrac Solutions

Legal name

Conrac Solutions Parent, LLC

Website

https://conracsolutions.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Conrac Solutions develops, finances, and operates consolidated rental car (ConRAC) facilities at US airports through public-private partnerships, serving airport authorities and rental car brands via three divisions: CS Project Delivery, CS Operators, and CS Capital.

Ownership category

akta.pro rank

Product category

Airport Infrastructure Services

SIC

Prefabricated Metal Buildings & Components (3448)

akta.pro primary industry

Corporate EV Rental Programs & Charging Coordination (THADAOAK)

akta.pro secondary industries

Corporate Mobility Policy, Compliance & Duty-of-Care Solutions (THADAOAG), Corporate Mobility Reporting, Analytics & Carbon/ESG Tracking (THADAOAL)

Keywords

• Consolidated rental car facilities
• Airport ground transportation
• Public-private partnerships
• Airport infrastructure financing
• Quick turn-around facilities

Headquarters

HQ city

Renton

HQ country

United States

HQ region

North America

Offices19 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Project Development and Delivery: Design, construction, and financing of ConRAC facilities through public-private partnerships. Revenue generated through fixed-price, date-certain design-build contracts with airports.
2. Operations and Maintenance Services: Long-term facility management contracts typically spanning 25-40 years. Services include facility management, fuel system management, car wash management, environmental compliance, and common area maintenance. Repayment funded through Customer Facility Charges (CFCs).
3. Asset Management: Lifecycle asset management throughout construction and lease periods, managing equity partners, lenders, airports, and rental car company relationships.
4. Interim Financing: Providing interim financing for infrastructure projects to enable accelerated deployment, such as the $22.1M eGSE charging infrastructure at LaGuardia.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Conrac Solutions renders pre-development, project financing, construction design, project management, and lease administration services for consolidated rental car (ConRAC) facilities at airports via public-private partnerships. Through its CS Project Delivery, CS Operators, and CS Capital divisions, the company provides end-to-end lifecycle capability from feasibility analysis and planning through design, financing, construction, and long-term 25-40 year operations and maintenance. The company also operates patented waste and fuel management systems and an Airport Energy Infrastructure practice spanning EV charging, solar, water reclamation, and LED retrofits.

Product overview

Conrac Solutions offers a unified portfolio of services for consolidated rental car (ConRAC) facilities across the full project lifecycle. The core offering consists of three integrated divisions: CS Project Delivery handles design, construction, and project management; CS Operators manages facility operations, maintenance, and technical services; and CS Capital provides infrastructure financing solutions. These three divisions work together through the Tenant Development Approach (TDA) to deliver complete ConRAC projects from feasibility through long-term operations. Additionally, Airport Energy Infrastructure extends the company's capabilities into airside electrification and EV charging infrastructure. The company also offers specialized products like the Ready Prep QTA for interim fleet processing needs.

Differentiator

Problem solved

Functional benefit

Products and services

• CS Project Delivery End-to-end project delivery for consolidated rental car (ConRAC) facilities covering feasibility analysis, planning, design, business term development, financing, construction, and facility activation under the Tenant Development Approach (TDA). Served to airport authorities and rental car companies.
• CS Operators Facility management and comprehensive technical operations services for ConRAC and QTA facilities, including common area maintenance, fuel system management, car wash programs, patented waste management, environmental compliance, and operational readiness transition. Served to airport authorities and rental car brands across 16 operated facilities.
• CS Capital

Quantifiable outcome

• LED-efficient lighting retrofit decreased energy usage by approximately 66% at San Francisco International Airport
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and major.

• LaGuardia Gateway PartnerscoreStrategic or Co-development Partner · 1 May 2026Partnership with LaGuardia Gateway Partners for $22.1M eGSE charging infrastructure project at LaGuardia Airport Terminal B. LGP is the private manager and developer of Terminal B, composed of Vantage Group and Meridiam.
• Port Authority of New York and New JerseycoreStrategic or Co-development Partner · 1 May 2026Port Authority is the bi-state agency owning and operating LaGuardia Airport. Conrac Solutions working with Port Authority on eGSE charging infrastructure supporting their goal of net-zero greenhouse gas emissions by 2050.
• PGALmajorTechnology or Integration · 1 May 2024Architecture firm providing design services for Reno-Tahoe International Airport Ground Transportation Center and ConRAC facility.
• Austin Commercial and VRH Construction Corporation Joint VenturecoreImplementation/ SI/ Consulting Partner · 1 May 2019Joint venture performing design and construction for Newark Liberty International Airport ConRAC under fixed-price, date-certain design and construction contract.
• ENGIEmajorTechnology or IntegrationInstalled solar array on rooftop of Newark Liberty International Airport ConRAC and public parking facility in 2022. Also partnered with Port of Portland and CS Operators for DC fast-charging infrastructure at Portland International Airport.
• L.R. Costanzo Co., Inc.majorImplementation/ SI/ Consulting PartnerScranton-based firm led project design and construction for Wilkes-Barre/Scranton International Airport Quick Turn-Around facility.
• Avis Budget GroupcoreStrategic or Co-development PartnerOne of the major rental car industry partners involved in the development discussions and operations of the Reno-Tahoe International Airport facility.
• Enterprise MobilitycoreStrategic or Co-development PartnerOne of the major rental car industry partners involved in the development discussions and operations of the Reno-Tahoe International Airport facility.
• The Hertz CorporationcoreStrategic or Co-development PartnerOne of the major rental car industry partners involved in the development discussions and operations of the Reno-Tahoe International Airport facility.

Scale indicators18 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Macquarie Asset Management: Macquarie Asset Management is one of the world's largest infrastructure investors with extensive airport and transportation P3 investments. It is a broad incumbent peer for Conrac's parent Meridiam in financing and owning long-term airport infrastructure assets.
• VINCI Airports: VINCI Airports operates a global portfolio of 70+ airports under concession contracts, frequently using P3/PPP structures similar to Conrac's model. It is a broad incumbent in airport infrastructure delivery that could compete for North American P3 ground transportation projects.
• Cintra (Ferrovial): Cintra, a Ferrovial subsidiary, is a global leader in transportation P3 infrastructure development and operations, including airport projects. It represents a broad incumbent competitor for large-scale North American airport P3 procurements.
• Fraport: Fraport AG operates Frankfurt Airport and holds stakes in numerous international airports, often through P3 structures. As a large, established airport operator with full lifecycle capabilities, it represents a broad incumbent peer for Conrac's airport infrastructure P3 model.

Direct peers

• ABM Industries: ABM Industries is a large U.S. facility services provider with a dedicated aviation segment providing janitorial, parking, and facility management at major airports. It directly competes with CS Operators for outsourced facility management contracts at airport rental car and ground transportation facilities.
• SP+ (SP Plus Corporation): SP+ provides parking management and transportation services at airports across North America. It is a direct competitor to Conrac Solutions in airport ground transportation facility operations, particularly for parking, ground transportation center management, and ancillary mobility services.
• Propark America: Propark America is a privately held parking and mobility services operator with significant airport and commercial real estate presence. It competes with CS Operators in operating on-airport parking, ground transportation, and rental car support facilities.

Regional players

• Republic Parking: Republic Parking is a privately held parking management company operating primarily across the western and central U.S. It is a regional peer competing for airport parking and ground transportation facility management contracts adjacent to Conrac's ConRAC operations.

Emerging players

• ChargePoint Holdings: ChargePoint is a leading EV charging network operator with deployments at airports and transportation hubs. It is an emerging competitor/partner for Conrac Solutions as the company expands its airport EV charging infrastructure offerings through CS Energy.
• EllisDon Capital: EllisDon is a major Canadian construction and infrastructure services firm with growing P3/PPP delivery capabilities. It is an emerging competitor in North American airport infrastructure delivery, comparable in scale and full-lifecycle services to Conrac Solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Conrac Solutions