Smartaira Acquires Assets of Direct Plus, LLC

DigitalBridge to Acquire PLUS ES, Australian Smart Metering Platform

August 27, 2026

Energy

DigitalBridge, through a managed investment vehicle, has entered into an agreement to acquire PLUS ES, one of Australia’s largest smart meter providers. PLUS ES operates ring-fenced infrastructure and data services that connect energy retailers, utilities, and network operators, managing approximately 2 million meters across Australia’s National Electricity Market. The transaction is subject to customary closing conditions, including regulatory approvals.

TDR Capital V and I Squared Capital Acquire Majority Stake in Applus Services

June 14, 2024

Industrial Services

Amber EquityCo S.L.U., a vehicle formed and jointly controlled by TDR Capital and funds advised by I Squared Capital, has completed the acquisition of a majority stake in Applus Services, S.A. Applus is a global leader in testing, inspection, and certification (TIC), operating in 70+ countries with more than 26,000 employees and serving energy, automotive, aerospace and industrial markets.

Smartaira Acquires Florida-based Lux Speed Inc.

June 12, 2024

Telecommunications

Smartaira, a national multi-tenant internet service provider, has acquired Florida-based multifamily ISP Lux Speed Inc., expanding Smartaira’s footprint in the Southeastern United States. The deal adds Lux Speed’s portfolio of homeowner-association, condo-association, and multi-tenant rental property customers and employees to Smartaira’s operations.

SP Plus Corporation Acquires Assets and IP of DIVRT, Inc.

November 10, 2022

Software

SP Plus Corporation (SP+) acquired certain assets, all intellectual property, and a team of more than 20 engineers from DIVRT, Inc., a provider of cloud- and IoT-based frictionless parking technology. The acquisition brings DIVRT’s IP and a Bengaluru-based technology team into SP+ to strengthen its frictionless SaaS offerings and establish a technology innovation lab in India.

SDC Capital Partners Acquires Majority Stake in Smartaira

May 3, 2022

Telecommunications

Funds managed by SDC Capital Partners acquired a majority interest in Consolidated Smart Systems, LLC (dba Smartaira), providing the multifamily-focused ISP with capital to accelerate organic growth and an acquisition strategy. SDC committed up to an additional $100 million to expand Smartaira’s footprint while Smartaira has already used the backing to close add-on acquisitions (including portfolios from Just In Time Technology Solutions and Blue Rim Networks).

M/C Partners Acquires Bel Air Internet to Expand AerioConnect Platform in Southern California

December 21, 2020

Telecommunications

M/C Partners, a Boston-based private equity firm, has acquired Bel Air Internet, LLC (BAI) and will combine it with AerioConnect and Metro Fiber to form a larger regional ISP serving the greater Los Angeles market. Bel Air Internet provides internet, voice and video services to over 800 multi-family and commercial buildings in Los Angeles; the deal is an add-on to expand the AerioConnect platform and accelerate MDU broadband growth in Southern California.