Top Infrastructure Acquirers (2014-2026)

Tracked deals

446

446 tracked deals across 2014-2026.

Buyer mix

Mixed buyer set

314 pe · 267 strategic

Top trend

Volume peaked in 2026

103 tracked deals announced in 2026.

Primary Insight

What Stands Out

  • Water and wastewater capabilities are reinforced through acquisitions such as Integrated Water Services, Inc. buying Advanced Equipment and Services, Inc. (AESINC) in Texas.
  • Utility data and infrastructure intelligence show up as a recurring theme, including Genergy acquiring Utility Research Associates (URA) to expand utility data management and sub-metering.
  • Energy infrastructure transactions include pipeline and midstream exposure, such as ePointZero completing the acquisition of Traverse Midstream Partners, LLC for interests in operated assets.
  • Power generation and grid delivery are addressed through clean power and distribution deals, including MN8 Energy Holdings acquiring Greenbacker and Iberdrola acquiring an 80% stake in Caruna.
  • Geographic activity clusters across U.S. states (e.g., Texas, Oklahoma, New York) plus Ireland, Finland, the United Kingdom, Australia, and Canada.

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Macquarie Asset Management 8 Global infrastructure and asset manager focused on long‑t... PE
KKR 7 Global alternative asset manager investing across private... PE
DigitalBridge Group, Inc. 6 Global alternative asset manager focused on investing in ... PE
Frontline Road Safety 6 National pavement marking and road safety platform operat... Strategic (PE-backed)
Canada Pension Plan Investment Board (CPP Investments) 5 Canada’s pension investment manager investing globally ac... PE
RoadSafe Traffic Systems, Inc. 5 Provider of infrastructure safety services and products, ... Strategic (PE-backed)
Stonepeak 5 Alternative investment firm specializing in infrastructur... PE
The Sterling Group 5 Middle-market private equity firm focused on manufacturin... PE
Tower Arch Capital 5 Middle-market private equity firm that partners with fami... PE
Aegion Corporation 4 Provider of infrastructure maintenance, rehabilitation an... Strategic (PE-backed)

Acquisition Volume in Infrastructure by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Top Infrastructure Acquirers (2014-2026). 1 2018 12 2019 27 2020 51 2021 58 2022 48 2023 69 2024 76 2025 ~144 est. 103 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Vertiv to Acquire UtilityInnovation Group for $1.45 Billion Plus Up to $1.15 Billion Earnout
    September 4, 2026
    Buyer
    Vertiv
    Target
    UtilityInnovation Group (Utility Innovation Holdings)
    Industry
    Infrastructure
    Location
    North Carolina, United States
    Type
    Buyout

    Vertiv has agreed to acquire UtilityInnovation Group (operated as UtilityInnovation Group / Utility Innovation Holdings) for approximately $1.45 billion in cash at closing, with the potential for an additional $1.15 billion in cash tied to EBITDA targets. The combined offering is intended to extend Vertiv’s data center power capabilities upstream toward the utility interconnect using microgrid controls, onsite generation, energy-storage orchestration, and behind-the-meter power architecture.

  • La Caisse and Brookfield Acquire 24% Stake in Altius Telecom Infrastructure Trust
    September 2, 2026
    Buyer
    La Caisse, Brookfield
    Target
    Altius Telecom Infrastructure Trust
    Seller
    Existing shareholders (affiliates of GIC and British Columbia Investment Management Corporation (BCI))
    Industry
    Infrastructure
    Location
    Maharashtra, India
    Type
    Growth capital

    Global investment group La Caisse (CDPQ) and Brookfield announced that La Caisse invested approximately INR 121 billion (CAD 1.76 billion) to acquire a 24% stake in Altius Telecom Infrastructure Trust (Altius), India’s largest independent telecom tower platform. The transaction is complete, with Brookfield remaining Altius’ largest investor alongside La Caisse and existing shareholders affiliated with GIC and BCI.

  • SAM Acquires Wilson & Associates to Expand Southeast Geospatial Presence
    August 31, 2026
    Buyer
    SAM
    Target
    Wilson & Associates, P.C.
    Seller
    Joey C. Wilson II
    Industry
    Infrastructure
    Location
    Tennessee, United States
    Type
    Buyout

    SAM, a provider of geospatial and inspection services for critical infrastructure markets, announced it acquired Wilson & Associates, a geomatics and utility engineering firm based in Franklin, Tennessee. The acquisition expands SAM’s surveying, geospatial, and utility engineering capabilities and strengthens its presence across Tennessee and the broader Southeast.

  • OceanaGold to Acquire Ausgold for $549 Million, Adding the Katanning Gold Project
    August 21, 2026
    Buyer
    OceanaGold Corporation
    Target
    Ausgold Limited
    Industry
    Infrastructure
    Location
    Western Australia, Australia
    Type
    Buyout

    OceanaGold has entered into a definitive scheme implementation deed to acquire 100% of Ausgold Limited via an Australian court-approved scheme of arrangement. Under the deal, Ausgold shareholders will receive 0.03365 OceanaGold shares per Ausgold share (with a cash alternative), valuing the equity at approximately A$776 million (US$549 million).

  • NVIDIA Invests in SB Energy to Exclusively Host NVIDIA AI Compute at PORTS-Pike Technology Campus
    August 17, 2026
    Buyer
    NVIDIA, SoftBank Group, OpenAI
    Target
    SB Energy
    Industry
    Infrastructure
    Location
    Ohio, United States
    Type
    Growth capital

    NVIDIA secured land, power, and shell capacity through a partnership with SB Energy at the PORTS-Pike Technology Campus in Pike County, Ohio, to exclusively host NVIDIA AI compute. SB Energy will build, own, and operate the data center under a 20-year lease to OpenAI, while NVIDIA also invests $1.5 billion in SB Energy to support its AI infrastructure growth.

  • CVC DIF Acquires Majority Stake in firstcolo to Develop AI-Ready Data Centers in Germany
    August 14, 2026
    Buyer
    CVC DIF (CVC DIF Value Add IV)
    Target
    firstcolo GmbH
    Seller
    CUBE Infrastructure
    Industry
    Infrastructure
    Location
    Germany
    Type
    Buyout

    CVC DIF, the infrastructure investment business of CVC, has agreed to acquire a significant majority stake in firstcolo GmbH from CUBE Infrastructure. The investment, via CVC DIF Value Add IV, is intended to support firstcolo’s scalable, AI-ready and energy-efficient data center platform in Germany, with FRA7 in Rosbach vor der Höhe as the initial greenfield project.

  • Core Scientific Completes Acquisition of Polaris DS LLC
    August 14, 2026
    Buyer
    Core Scientific, Inc.
    Target
    Polaris DS LLC
    Industry
    Infrastructure
    Location
    Oklahoma, United States
    Type
    Buyout

    Core Scientific, Inc. has completed its previously announced acquisition of Polaris DS LLC for approximately $444 million in cash. The purchase secures about 440 MW of in-service gross, grid-connected power capacity and supports Core Scientific’s plan to scale its Muskogee campus to approximately 1.5 GW of gross power.

  • Partners Group Invests $1B+ and Acquires Majority Stake in AVK Power Solutions
    August 14, 2026
    Buyer
    Partners Group
    Target
    AVK Power Solutions
    Seller
    AVK management team
    Industry
    Infrastructure
    Location
    Berkshire, United Kingdom
    Type
    Buyout

    Partners Group has agreed to acquire a majority stake in AVK Power Solutions and initially invest more than $1 billion of equity to scale the company’s power infrastructure platform for European data centers and AI computing facilities. The deal includes supplemental debt financing, with AVK management retaining a minority ownership stake.

  • ONE Nuclear Acquires Amino Sustainability Group
    August 11, 2026
    Buyer
    ONE Nuclear Energy LLC
    Target
    Amino Sustainability Group
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    ONE Nuclear Energy LLC (ONE Nuclear) acquired Amino Sustainability Group, a specialized energy and digital infrastructure development advisory firm. The companies did not disclose deal terms, and Amino’s founder and managing partner, Christopher Hansmeyer, was appointed ONE Nuclear’s Chief Development Officer.

  • Integrated Water Services Acquires Advanced Equipment and Services (AESINC)
    August 11, 2026
    Buyer
    Integrated Water Services, Inc., Sciens Water (through its ownership of IWS)
    Target
    Advanced Equipment and Services, Inc. (AESINC)
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Addon

    Integrated Water Services, Inc. (IWS) acquired Advanced Equipment and Services, Inc. (AESINC), a Houston-based provider of reverse osmosis and water purification systems. The deal expands IWS’s process water and modular wastewater portfolio by adding reverse osmosis and desalination capabilities and supports growth across North America and international markets, including the Caribbean and Latin America.

  • Dream Finders Homes to Acquire Beazer Homes in $2.2 Billion All-Cash Deal
    August 7, 2026
    Buyer
    Dream Finders Homes, Inc.
    Target
    Beazer Homes USA, Inc.
    Industry
    Infrastructure
    Location
    Georgia, United States
    Type
    Buyout

    Dream Finders Homes, Inc. has entered into a definitive agreement to acquire Beazer Homes USA, Inc. in an all-cash transaction valued at approximately $2.2 billion. Beazer shareholders will receive $33.50 per share, and the deal is expected to close in the fourth quarter of 2026, subject to customary approvals and conditions.

  • Terramont Infrastructure Partners Acquires Majority Interest in Hainesport Transportation Group
    August 5, 2026
    Buyer
    Terramont Infrastructure Partners
    Target
    Hainesport Transportation Group
    Industry
    Infrastructure
    Location
    New Jersey, United States
    Type
    Buyout

    Terramont Infrastructure Partners acquired a majority interest in Hainesport Transportation Group (HTG), a vertically integrated waste collection, transfer, processing, and disposal provider with rail-served infrastructure. The deal aims to scale HTG’s short-line rail and transfer station network to expand operational coverage and add rail-served capacity. Debt financing was provided by Fifth Third Bank.

  • Firefly Capital Management Acquires Gravity Power & Rental
    August 4, 2026
    Buyer
    Firefly Capital Management
    Target
    Gravity Power & Rental
    Seller
    Sellers (not specified)
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Buyout

    Firefly Capital Management and its affiliates acquired Gravity Power & Rental, a Houston-based provider of mobile power generation and equipment rental infrastructure. The deal creates a national “power as a service” onsite power platform to address growing US demand driven by AI, electrification, and digital infrastructure growth.

  • Genergy Acquires Utility Research Associates (URA)
    August 4, 2026
    Buyer
    Genergy, Tarte Family Office
    Target
    Utility Research Associates (URA)
    Seller
    Dick Simon
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    Genergy announced the acquisition of Utility Research Associates (URA), a Northeast provider of utility billing, utility data management, and sub-metering services for commercial real estate owners. The deal expands Genergy’s utility data and infrastructure management platform and gives URA customers access to Genergy’s UM2.0 Utility & Infrastructure Intelligence Platform.

  • Xylem Subsidiary Acquires WaterFleet for About $200 Million
    July 29, 2026
    Buyer
    Xylem Inc.
    Target
    WaterFleet, LLC
    Seller
    Investment funds managed by EagleTree Capital and its co-investors
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Buyout

    Xylem (through a subsidiary) has signed a definitive agreement to acquire WaterFleet from investment funds managed by EagleTree Capital and its co-investors for approximately $200 million. WaterFleet provides mobile water and wastewater utility services and workforce relief solutions for remote and infrastructure-critical sites.

  • NorthWestern Energy and Black Hills Announce Merger of Equals to Create Bright Horizon Energy
    July 29, 2026
    Buyer
    NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy, Black Hills Corporation
    Target
    NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy, Black Hills Corporation
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    NorthWestern Energy Group and Black Hills Corporation entered into an all-stock merger agreement that combines the two electric utility operators into an equal partnership. Shareholders approved the merger and multiple regulators (FERC, Nebraska, and South Dakota public utility commissions) have already approved it; Montana regulatory approval remains and the companies expect closing by year-end 2026.

  • Rio2 Limited Participates in Royal Road Minerals’ Brokered Life Offering
    July 28, 2026
    Buyer
    Rio2 Limited
    Target
    Royal Road Minerals Limited
    Industry
    Infrastructure
    Location
    Jersey
    Type
    Growth capital

    Rio2 Limited participated in Royal Road Minerals Limited’s brokered “LIFE” equity offering, purchasing 10,000,000 ordinary shares at $0.20 per share for total proceeds of $2.0 million. The offering closed July 28, 2026, increasing Rio2’s beneficial ownership in Royal Road to 54,021,667 shares (approximately 16.33%).

  • Morgan Stanley Infrastructure Partners To Acquire Epic Energy
    July 27, 2026
    Buyer
    Morgan Stanley Investment Management (through funds managed by Morgan Stanley Infrastructure Partners)
    Target
    Epic Energy
    Industry
    Infrastructure
    Location
    South Australia, Australia
    Type
    Buyout

    Morgan Stanley Investment Management, through funds managed by Morgan Stanley Infrastructure Partners, has agreed to acquire Epic Energy, an Australian gas pipeline operator. The deal is expected to close in the second half of 2026, subject to regulatory approvals, and financial terms were not disclosed.

  • KKR and Energy Capital Partners Consortium Agrees to Acquire DCC Energy
    July 27, 2026
    Buyer
    KKR, Energy Capital Partners
    Target
    DCC Energy
    Industry
    Infrastructure
    Location
    Ireland
    Type
    Buyout

    DCC Energy has agreed to a recommended £5.75 billion (about $7.7 billion) all-cash acquisition by a consortium led by KKR and Energy Capital Partners, which would take the company private. The deal values DCC shareholders at 6,525 pence per share in cash plus a previously declared final dividend, with potential upside tied to the sale of DCC’s Nexora technology business. The transaction is subject to shareholder approval and regulatory clearances.

  • Iberdrola to Acquire 80% of Caruna in €5 Billion Deal
    July 23, 2026
    Buyer
    Iberdrola
    Target
    Caruna
    Industry
    Infrastructure
    Location
    Finland
    Type
    Buyout

    Iberdrola has agreed to acquire an 80% equity stake in Caruna, Finland’s largest electricity distribution company, in a transaction valuing 100% of Caruna at approximately €5 billion (including financial debt). Nordic pension funds AMF and Elo will retain their existing combined 20% interest. The deal is expected to close in the first quarter of 2027, subject to regulatory approvals.

  • Brookfield to Acquire Aypa Power from Blackstone Energy Transition Partners
    July 23, 2026
    Buyer
    Brookfield Asset Management
    Target
    Aypa Power
    Seller
    Funds managed by Blackstone Energy Transition Partners
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Buyout

    Brookfield entered into an agreement to acquire Aypa Power, a leading North American battery energy storage platform, from funds managed by Blackstone Energy Transition Partners for approximately $7 billion enterprise value at closing (equity value of about $3 billion). The deal includes Aypa’s operating, under-construction and contracted project portfolio, its development platform, and roughly 200 employees.

  • Prologis Makes Best and Final Partial Cash Offer for SEGRO
    July 22, 2026
    Buyer
    Prologis, Inc.
    Target
    SEGRO plc
    Industry
    Infrastructure
    Location
    United Kingdom
    Type
    Buyout

    Prologis announced its best and final proposal to acquire the entire issued and to be issued share capital of SEGRO plc, combining newly issued Prologis shares with a partial cash alternative. The offer is structured as 0.0920 new Prologis shares for each SEGRO share plus up to £3.5 billion of optional cash (25% of consideration), subject to pro-rata scale-back.

  • Tactical Resources Business Combination with Plum Acquisition Corp. III (Exchange Ratio Announced)
    July 22, 2026
    Buyer
    Plum Acquisition Corp. III
    Target
    Tactical Resources Corp.
    Industry
    Infrastructure
    Location
    British Columbia, Canada
    Type
    Buyout

    Tactical Resources Corp. announced the exchange ratio under its previously announced business combination with Plum Acquisition Corp. III. Following amalgamation transactions, Tactical will continue as a wholly owned subsidiary of a new parent entity (“New PubCo”), renamed Tactical Resources Corp., with the deal expected to close on July 28, 2026 and New PubCo shares expected to trade on Nasdaq.

  • Barrick Mining Agrees to Invest in Kingfisher Metals via C$20.9M Private Placement
    July 21, 2026
    Buyer
    Barrick Mining Corporation
    Target
    Kingfisher Metals Corp.
    Industry
    Infrastructure
    Location
    British Columbia, Canada
    Type
    Growth capital

    Barrick Mining Corporation agreed to subscribe for 15,470,934 units of Kingfisher Metals Corp. in a non-brokered private placement for total consideration of approximately C$20.9 million. The investment is expected to close on or before July 27, 2026 and will fund exploration and development of Kingfisher’s Highway 37 project in British Columbia.

  • Brookfield and CPP Investments to Acquire LXP Industrial Trust in $5.2B All-Cash Deal
    July 20, 2026
    Buyer
    Brookfield Asset Management, Canada Pension Plan Investment Board (CPP Investments)
    Target
    LXP Industrial Trust
    Industry
    Infrastructure
    Location
    Florida, United States
    Type
    Buyout

    Brookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) have entered into a definitive merger agreement to acquire LXP Industrial Trust in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. LXP shareholders will receive $61.20 per share in cash, and the deal is expected to close in the fourth quarter of 2026, subject to customary approvals and conditions.

  • ePointZero Completes Acquisition of Traverse Midstream Partners for USD 2.25 Billion
    July 14, 2026
    Buyer
    ePointZero, 2PointZero Group, The Energy & Minerals Group (EMG)
    Target
    Traverse Midstream Partners, LLC
    Seller
    The Energy & Minerals Group (EMG)
    Industry
    Infrastructure
    Location
    Oklahoma, United States
    Type
    Buyout

    ePointZero, a subsidiary of 2PointZero Group, completed an all-cash USD 2.25 billion acquisition of Traverse Midstream Partners, LLC. The deal gives ePointZero minority, non-operated interests in two U.S. midstream assets: a 35% stake in the Rover Pipeline and a 25% stake in the Ohio River System, both operated by Energy Transfer.

  • CleanCore Solutions Closes First AI Data Center Project With HST Technologies (200 MW West Texas Campus)
    July 9, 2026
    Buyer
    CleanCore Solutions, Inc., HST Technologies, Inc.
    Target
    200-megawatt West Texas data center campus (AI infrastructure project)
    Industry
    Infrastructure
    Location
    United States
    Type
    Addon

    CleanCore Solutions has closed its first AI infrastructure data center project in West Texas in partnership with HST Technologies. Under the transaction, CleanCore will own more than 95% of the planned campus and commit to funding the initial 200 MW development through 2029, with potential expansion beyond 500 MW by 2030.

  • AirLife Gases Acquires Controlling Stake in GNG to Build Integrated Helium Supply Chain
    July 8, 2026
    Buyer
    AirLife Gases Private Limited
    Target
    GNG
    Industry
    Infrastructure
    Location
    Utah, United States
    Type
    Buyout

    AirLife Gases Private Limited signed a definitive agreement to acquire a controlling stake in GNG, a U.S.-based helium gathering, processing, and liquefaction infrastructure company. The deal is intended to integrate upstream-to-end-customer helium capabilities and includes GNG’s Lisbon Valley Gas Processing Complex in Utah, which is expected to undergo recommissioning before returning to commercial production.

  • CPP Investments Invests US$1.75B with EQT to Build AI Infrastructure via EdgeConneX
    July 3, 2026
    Buyer
    Canada Pension Plan Investment Board (CPP Investments), EQT Group
    Target
    EdgeConneX
    Industry
    Infrastructure
    Location
    Ontario, Canada
    Type
    Growth capital

    Canada Pension Plan Investment Board (CPP Investments) will invest US$1.75 billion (C$2.4 billion) alongside EQT to support the strategy to build AI-ready digital infrastructure. The investment is led by global data centre developer and operator EdgeConneX, which EQT acquired in 2020 and has since scaled rapidly.

  • National Grid (National Grid Ventures) Makes $1.75B Strategic Minority Investment in Joulent
    July 2, 2026
    Buyer
    National Grid
    Target
    Joulent
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Growth capital

    Joulent, a Houston-based developer of large-scale energy infrastructure for AI data centers, secured a $1.75 billion strategic minority investment from National Grid. The funding will support expansion of Joulent’s high-voltage and modular power infrastructure, including growth of its engineering team and faster delivery of power projects.

  • Realty Income and Cloud Capital Launch $6 Billion Hyperscale Data Center Venture
    July 2, 2026
    Buyer
    Realty Income, Cloud Capital
    Target
    Hyperscale data center assets to be acquired and developed via the JV (initial Virginia portfolio)
    Industry
    Infrastructure
    Location
    Virginia, United States
    Type
    Growth capital

    Realty Income has formed a $6 billion joint venture with Cloud Capital to acquire and develop hyperscale data centers. The venture’s initial move includes three triple-net leased data center assets in Virginia totaling 330 megawatts, with Realty Income expected to invest about $1.4 billion (initial funding around $700 million planned for Q2–Q3 2026).

  • Intrepid Fiber Networks to Acquire Ubiquity’s Southern California Fiber Network
    June 30, 2026
    Buyer
    Intrepid Fiber Networks
    Target
    Ubiquity's Southern California Fiber Network
    Seller
    Ubiquity
    Industry
    Infrastructure
    Location
    California, United States
    Type
    Buyout

    Intrepid Fiber Networks entered into a definitive agreement to acquire Ubiquity’s Southern California fiber network in San Diego County. The in-service fiber-to-the-premises network covering Solana Beach, Encinitas, Carlsbad, and Oceanside will remain a wholesale open-access model under Intrepid, with Ubiquity’s Southern California operations and employees transitioning to Intrepid management.

  • Unitil Completes Purchase of Aquarion Water Company of New Hampshire and Abenaki Water Co.
    June 30, 2026
    Buyer
    Unitil Corporation
    Target
    Aquarion Water Company of New Hampshire, Inc., Abenaki Water Co., Inc.
    Seller
    Aquarion Water Authority
    Industry
    Infrastructure
    Location
    New Hampshire, United States
    Type
    Buyout

    Unitil Corporation completed the acquisition of two regulated water utilities—Aquarion Water Company of New Hampshire, Inc. and Abenaki Water Co., Inc.—from the Aquarion Water Authority. The purchase price was $55.8 million (including assumed debt), and Unitil expects the deal to be earnings accretive over the long term.

  • KKR to Acquire EDF Power Solutions Operations in the United States and Canada for $4.2B
    June 26, 2026
    Buyer
    KKR
    Target
    EDF power solutions Inc., EDF power solutions Canada Inc.
    Seller
    EDF Group
    Industry
    Infrastructure
    Location
    France
    Type
    Buyout

    EDF signed an agreement under which KKR will acquire the operations and assets of EDF Power Solutions in the United States and Canada. The deal values the business at approximately $4.2 billion, with potential additional earnout payments of up to $390 million, and is expected to close in the second half of 2026 subject to regulatory approvals.

  • Osprey Landscape Group Acquires LandGraphics
    June 25, 2026
    Buyer
    Osprey Landscape Group
    Target
    LandGraphics
    Industry
    Infrastructure
    Location
    California, United States
    Type
    Addon

    Osprey Landscape Group, a commercial landscaping services platform backed by Southfield Capital, acquired LandGraphics, a Southern California provider of landscape maintenance, enhancements, water management, and arbor care. The transaction closed in June 2026 and represents Osprey’s first acquisition in California.

  • Premier Energy PLC Finances €825M Bridge-to-Bond Acquisition of Evryo Group
    June 25, 2026
    Buyer
    Premier Energy PLC
    Target
    Evryo Group, Distributie Energie Oltenia
    Seller
    Macquarie Asset Management
    Industry
    Infrastructure
    Location
    Romania
    Type
    Buyout

    Premier Energy PLC arranged an €825 million bridge-to-bond acquisition financing to fund its planned acquisition of Evryo Group, including Distributie Energie Oltenia, from Macquarie Asset Management. The financing involves a secured €825 million bridge facility agreement and related collateral documentation.

  • Keyera Acquires Stonepeak’s Remaining 50% Interest in KAPS Pipeline for C$1.215 Billion
    June 19, 2026
    Buyer
    Keyera Corp.
    Target
    KAPS Pipeline (Key Access Pipeline System)
    Seller
    Stonepeak
    Industry
    Infrastructure
    Location
    Alberta, Canada
    Type
    Buyout

    Keyera Corp. acquired the remaining 50% non-operating interest in the KAPS Pipeline from Stonepeak for C$1.215 billion, giving Keyera full ownership and operational control of the system. The transaction closed concurrently with Keyera’s announcement on June 17, 2026.

  • Argyle Capital Partners Invests in H&S Building Supplies Ltd.
    June 17, 2026
    Buyer
    Argyle Capital Partners
    Target
    H&S Building Supplies Ltd.
    Industry
    Infrastructure
    Location
    Ontario, Canada
    Type
    Growth capital

    Argyle Capital Partners announced an investment in H&S Building Supplies Ltd., a Vaughan, Ontario-based distributor serving Canada’s purpose-built residential rental market. The partnership is intended to support H&S’s next phase of growth while preserving its customer-first culture and management continuity.

  • Talen Energy Completes Acquisition of Lawrenceburg Power Plant and Western PJM Assets from Energy Capital Partners
    June 15, 2026
    Buyer
    Talen Energy Corporation
    Target
    Lawrenceburg Power Plant, Waterford Energy Center, Darby Generating Station
    Seller
    Energy Capital Partners (ECP)
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    Talen Energy has completed the acquisition of the Lawrenceburg Power Plant in Indiana and the Waterford Energy Center and Darby Generating Station in Ohio from Energy Capital Partners (ECP). The deal adds efficient baseload generation, expands Talen’s presence in the western PJM market, and diversifies its fleet. ECP received 2.4 million shares of Talen common stock and approximately $2.55 billion in cash, with cash subject to post-closing working capital adjustments.

  • Premium Service Brands Acquires Wise Coatings
    June 10, 2026
    Buyer
    Premium Service Brands
    Target
    Wise Coatings
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    Premium Service Brands (PSB), a home services franchisor, announced the acquisition of Wise Coatings, a residential and commercial floor coatings franchise organization. Wise Coatings operates about 22 locations across 20 states and will be added to PSB’s growing home services platform to support national franchise growth and a more connected homeowner ecosystem.

  • Stark Power to Acquire Sagebrush Infrastructure Partners
    June 10, 2026
    Buyer
    Stark Power Ltd.
    Target
    Sagebrush Infrastructure Partners, LLC
    Industry
    Infrastructure
    Location
    Israel
    Type
    Buyout

    Stark Power entered into a definitive agreement to acquire 100% of Sagebrush Infrastructure Partners, a developer of hyperscale data centers and co-located natural gas-fired power plants. The deal secures a portfolio of five data center campuses under development totaling about 5.6 GW of IT capacity across the Central United States.

  • Howard Energy Partners Raises Stake in Midship Pipeline to 100% and Acquires Superior Midstream
    June 6, 2026
    Buyer
    Howard Energy Partners
    Target
    Midship Pipeline, Superior Midstream
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Addon

    Howard Energy Partners (HEP) completed two transactions to expand its integrated midstream platform in the Midcontinent region. HEP increased its ownership stake in the Midship Pipeline to 100% and, on May 1, 2026, completed the acquisition of Superior Midstream, adding natural gas gathering and processing infrastructure across multiple Midcontinent states.

  • Oldcastle Infrastructure Acquires Axius Water
    June 1, 2026
    Buyer
    Oldcastle Infrastructure
    Target
    Axius Water
    Industry
    Infrastructure
    Location
    Massachusetts, United States
    Type
    Buyout

    Oldcastle Infrastructure has acquired Axius Water, bringing Axius’s secondary wastewater treatment and nutrient removal technologies into Oldcastle’s connected water infrastructure portfolio. The combination is intended to expand Oldcastle’s technical coverage and deliver more integrated, system-level water solutions for municipal and industrial customers.

  • Tennessee American Water Completes Acquisition of Tennessee Water Service Water System
    June 1, 2026
    Buyer
    Tennessee American Water
    Target
    Tennessee Water Service (water system)
    Industry
    Infrastructure
    Location
    Tennessee, United States
    Type
    Buyout

    Tennessee American Water completed its acquisition of Tennessee Water Service’s water system on June 1, 2026. The deal adds about 480 customer connections and one employee, strengthening Tennessee American Water’s local service capabilities and customer offerings.

  • American Water (Indiana American Water, Illinois American Water, etc.) Acquires Nexus Water Group Regulated Systems Across Eight States
    June 1, 2026
    Buyer
    American Water Works Company, Inc., Indiana American Water, Illinois American Water
    Target
    Nexus Regulated Utilities, LLC, Community Utilities of Indiana water and wastewater systems, Prairie Path Water Company water and wastewater systems
    Seller
    Nexus Water Group, Inc. (via Nexus Regulated Utilities, LLC subsidiary)
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    American Water Works Company, Inc. (through multiple state subsidiaries including Indiana American Water and Illinois American Water) completed its acquisition of regulated water and wastewater system assets from Nexus Regulated Utilities, a subsidiary of Nexus Water Group. The approximately $315 million (cash, subject to adjustment) transaction closed June 1, 2026 and expands American Water’s footprint in eight U.S. states, adding roughly 47,000 customer connections.

  • EQT Majority Invests in Combined Voltera-Revel EV Charging Platform
    May 26, 2026
    Buyer
    EQT, Global Infrastructure Partners (BlackRock)
    Target
    Voltera, Revel Transit
    Industry
    Infrastructure
    Location
    New York, United States
    Type
    Buyout

    Voltera and Revel have entered into a definitive agreement to combine to build, own, and operate fast-charging networks purpose-built for autonomous vehicles, electric fleets, and ride-hail deployment in dense urban markets. The combined platform is expected to have more than 1,000 charging stalls operational and under development across 11 major U.S. metro areas, operating under the Voltera brand with Revel CEO Frank Reig leading post-closing. EQT will be the majority owner, while Global Infrastructure Partners (BlackRock) retains a minority stake as Revel’s existing lead sponsor.

  • I Squared Capital Acquires Cogent Fiber Data Center Portfolio to Launch U.S. AI Inference and Edge Colocation Platform
    May 25, 2026
    Buyer
    I Squared Capital
    Target
    Cogent Fiber, LLC (portfolio of ten data center facilities)
    Seller
    Cogent Fiber, LLC (via Cogent Communications Holdings, Inc.)
    Industry
    Infrastructure
    Location
    Florida, United States
    Type
    Buyout

    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.

  • Strandline Capital Acquires Titan Water Solutions
    May 14, 2026
    Buyer
    Daysi Gomez of Strandline Capital, Strandline Capital
    Target
    Titan Water Solutions
    Seller
    Jake Tellander, Emily Tellander
    Industry
    Infrastructure
    Location
    Florida, United States
    Type
    Buyout

    Titan Water Solutions was acquired by Daysi Gomez, acting for Strandline Capital, following a competitive sale process. The deal moved quickly, bringing Titan under contract five days after going to market, and was completed in roughly five months.

  • Elemental Royalty Corporation to Acquire Vizsla Royalties Corp.
    May 14, 2026
    Buyer
    Elemental Royalty Corporation
    Target
    Vizsla Royalties Corp.
    Industry
    Infrastructure
    Location
    British Columbia, Canada
    Type
    Buyout

    Elemental Royalty Corporation entered into a definitive arrangement agreement to acquire all of the issued and outstanding shares of Vizsla Royalties Corp. via a court-approved plan of arrangement. Consideration is approximately CAD 327 million (about CAD 290 million reported in one source), with Vizsla Royalties shareholders able to elect shares of Elemental, cash, or a combination, and the deal is expected to close in Q3 2026.

  • Apollo Takes Majority Stake in Noble Environmental
    May 13, 2026
    Buyer
    Apollo
    Target
    Noble Environmental
    Seller
    Strategic Alternatives Committee of Noble Environmental's Board of Directors (advised, per article)
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    Apollo announced its managed funds acquired a majority interest in Noble Environmental, a vertically integrated waste management company serving the Northeast, Mid-Atlantic, and Midwest United States. The investment is intended to support a platform spanning solid waste collection, hauling, transfer, disposal, and a growing renewable natural gas business that converts landfill gas into pipeline-quality fuel.

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Frequently Asked Questions

What types of infrastructure businesses are represented in these acquisitions?

The deals span utilities and grid-related infrastructure, water and wastewater systems and services, energy midstream/pipeline exposure, and renewable power operations, along with utility data and infrastructure management platforms.

Which buyers appear most often on this infrastructure acquisitions page?

Recurring buyer names include Frontline Road Safety, Fluxys, EIG, USD Partners LP, New Mountain Capital, Turning Rock Partners, Valterra Partners, and Colohouse.

Where have the most recent acquisitions taken place?

Recent locations include Texas (United States), the United States, Ireland, South Australia (Australia), New York (United States), Finland, British Columbia (Canada), and the United Kingdom.

Do the deals only involve operating assets, or also technology and data platforms?

Technology and data platforms are included—for example, Genergy acquiring Utility Research Associates (URA) to expand utility data management and sub-metering and provide access to its UM2.0 utility & infrastructure intelligence platform.

Related Acquisition Pages

Infrastructure Buyers & Acquisitions in Canada Private Equity-Backed Infrastructure Buyers Infrastructure Acquisitions in 2026 Infrastructure Acquisitions in North Carolina Infrastructure Acquisitions in Tennessee Infrastructure Acquisitions in Ohio Infrastructure Acquisitions in Oklahoma Infrastructure Acquisitions in Texas Infrastructure Acquisitions in Georgia

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