AI Infrastructure Partnership (AIP) Consortium Acquires Aligned Data Centers in ~$40B Deal

ACS Group and Global Infrastructure Partners (BlackRock) Create €2 Billion Data Center Venture

November 16, 2025

Data & Analytics

ACS Group and Global Infrastructure Partners (GIP), an affiliate of BlackRock, announced a 50-50 joint venture to build and operate next-generation data centers with an initial 1.7 GW capacity. The venture will include ACS’s existing €2.0 billion (100% basis) development portfolio across Europe, the United States, and Australia and is expected to expand for hyperscalers, AI companies, and enterprise customers; the agreement is subject to regulatory approvals.

Nscale Acquires American Intelligence & Power Corporation (AIPCorp) to Build Energy-to-Compute AI Hyperscaler

March 16, 2026

AI & Machine Learning

Nscale signed an agreement to acquire American Intelligence & Power Corporation (AIPCorp), adding the Monarch Compute Campus in Mason County, West Virginia—a state-certified AI microgrid designed for scalable long-term energy supply for AI workloads. The deal is intended to create a vertically integrated energy-to-compute AI hyperscaler, with Nscale launching a new Nscale Energy & Power division headquartered in Houston, Texas.

AI Infrastructure Partners Acquires TGM Incorporated

April 7, 2025

Manufacturing

AI Infrastructure Partners (AIIP), an operator-led private equity firm, has acquired TGM Incorporated, a Richardson, Texas-based manufacturer of thermal management systems for semiconductor and advanced manufacturing markets. AIIP will provide growth capital and strategic resources to scale TGM’s manufacturing capacity, invest in technology and personnel, and expand its product and service offerings to meet rising demand from chipmakers, nuclear energy and aerospace customers.

BlackRock to Acquire Global Infrastructure Partners (GIP) for $3 Billion

January 14, 2024

Infrastructure

BlackRock and Global Infrastructure Partners (GIP) entered into an agreement for BlackRock to acquire GIP for $3 billion in cash plus approximately 12 million shares of BlackRock common stock. The combined platform is expected to strengthen BlackRock’s global infrastructure franchise and improve origination and asset-management capabilities. The transaction is expected to close in the third quarter of 2024, subject to regulatory approvals and customary closing conditions.

Bain Capital Acquires 80% Stake in AQ Compute

October 30, 2024

Infrastructure

Bain Capital has acquired an 80% majority stake in sustainability-focused data center developer AQ Compute from Germany-based Aquila Group, forming a partnership to accelerate the buildout of green data centers across Europe. The investment targets multi-billion euro development volumes to expand AQ Compute’s modular, AI-ready colocation capabilities for hyperscale, cloud and AI customers.

iCapital Network Acquires AI Insight

January 21, 2021

Financial Services

iCapital Network has agreed to acquire the assets of AI Insight, Inc., an education and compliance platform that provides fund-specific research, training and credentialing for financial advisors focused on alternative investments. As part of the transaction, AI Insight’s executives Sherri Cooke and Jennifer Simon and eight additional employees are expected to join iCapital to integrate AI Insight’s learning management system into iCapital’s advisor-facing alternative investment platform.