I Squared Capital Acquires KIO Networks

I Squared Capital Acquires Cogent Fiber Data Center Portfolio to Launch U.S. AI Inference and Edge Colocation Platform

May 25, 2026

Infrastructure

I Squared Capital has entered into a definitive purchase and sale agreement to acquire a portfolio of ten U.S. data center facilities from Cogent Fiber, LLC, an indirect wholly owned subsidiary of Cogent Communications, for $225 million in cash. The acquisition is intended to seed a new U.S. data center operating platform focused on colocation, high-density deployments, and AI inference infrastructure, with I Squared committing up to $1 billion to build the platform.

I Squared Capital Agrees to Acquire Elea Data Centers

April 28, 2026

Infrastructure

I Squared Capital has agreed to acquire Elea Data Centers, a carrier-neutral, renewable-powered data center platform in Brazil. The investment is intended to support Elea’s expansion and accelerate large-scale, high-density AI infrastructure development, including the +3GW Rio AI City initiative.

I Squared Capital Acquires Priority Power Management

July 30, 2024

Energy

I Squared Capital entered into an agreement to acquire Priority Power Management, LLC from Ara Partners, Oaktree Capital Management and other shareholders. Priority Power provides turnkey energy management services and private transmission and distribution infrastructure for commercial and industrial customers across more than 40 U.S. states.

East Los Capital Makes Majority Growth Equity Investment in IO Connect Services

November 8, 2023

IT Services

East Los Capital has made a majority growth equity investment in IO Connect Services to support expansion of the company's service offerings and engineering staff. IO Connect, an AWS Advanced Tier Partner founded in 2016, will use the investment to accelerate cloud migrations, managed services, cybersecurity and digital transformation work for SMBs and digitally native businesses.

iCapital Network Acquires Axio Financial

September 21, 2021

Financial Services

iCapital Network has entered into a definitive agreement to acquire Axio Financial LLC, a provider of end-to-end services to the U.S. structured notes market. The acquisition will expand iCapital's alternative investment product menu, technology stack, education and distribution capabilities for financial advisors; terms were not disclosed and the deal was expected to close in Q4 2021.

I Squared Capital Acquires GTT's Infrastructure Division for $2.15 Billion

October 16, 2020

Telecommunications

I Squared Capital agreed to acquire GTT Communications' infrastructure division for $2.15 billion. The sale transfers a global fiber network, transatlantic subsea cables and data center/colocation assets to I Squared (later relaunched as EXA Infrastructure), allowing GTT to refocus on its capex‑light cloud networking business.