Google (Alphabet) Acquires Intersect Power for $4.75 Billion, Launching IPX Power

Flex Acquires EPC Power Corp.

September 3, 2026

Manufacturing

Flex agreed to acquire EPC Power Corp. for $4.4 billion, adding power-conversion and grid-forming technology for AI data centers, energy storage, and grid applications. Flex completed the acquisition on October 14, 2026, and EPC Power became part of Flex’s Cloud and Power Infrastructure segment.

Nayax Acquires IPS Group from Windjammer Capital for $350 Million

August 25, 2026

Software

Nayax agreed to acquire IPS Group from Windjammer Capital Investors for $350 million in cash, combining Nayax’s payments infrastructure and international reach with IPS’s smart parking hardware, software and installed base of more than 250,000 parking spaces. Nayax completed the acquisition on October 1, 2026; the companies expect the combination to support international expansion, cross-selling and integration of IPS payment volumes onto Nayax’s platform.

AI Infrastructure Partnership (AIP), MGX and BlackRock’s Global Infrastructure Partners (GIP) Acquire Aligned Data Centers

October 15, 2025

Data & Analytics

The AIP, MGX, and BlackRock’s Global Infrastructure Partners (GIP) consortium has completed the acquisition of 100% of the equity in Aligned Data Centers from private infrastructure funds managed by Macquarie Asset Management and co-investors. The transaction values Aligned at approximately $40 billion and the consortium committed an additional $5 billion of growth capital to expand AI-ready data center capacity.

TPG Acquires Altus Power for $2.2 Billion

February 6, 2025

Infrastructure

Altus Power, a commercial-scale clean energy provider focused on solar and related infrastructure, agreed to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy in an all-cash deal valued at about $2.2 billion (including outstanding debt). In the merger, Altus Power stockholders receive $5.00 per share. The transaction closed in April 2025 and Altus Power became privately held, with its NYSE listing removed.

Xpansiv Acquires APX to Expand Environmental Commodity Infrastructure

August 1, 2022

Energy

Xpansiv has completed the acquisition of APX, a provider of registry infrastructure for energy and environmental markets, integrating APX’s registry capabilities into Xpansiv’s market infrastructure for carbon, RECs, water and other environmental commodities. The deal was enabled in part by a $400 million strategic investment in Xpansiv led by Blackstone Energy Partners; advisers on the transaction included Perella Weinberg Partners for Xpansiv and Goldman Sachs for APX.

Searchlight Capital Partners to Acquire Majority Stake in Integrated Power Services

October 19, 2021

Industrial Services

Funds advised by Searchlight Capital Partners have entered into a definitive agreement to acquire a majority stake in Integrated Power Services (IPS), an industrial aftermarket services provider. Searchlight is buying the stake from funds advised by Odyssey Investment Partners, and the deal is subject to regulatory approvals with an expected close later in the year.