Top Infrastructure Acquirers (2014-2026)

Tracked deals

430

430 tracked deals across 2014-2026.

Buyer mix

Mixed buyer set

310 pe · 256 strategic

Top trend

Volume peaked in 2026

88 tracked deals announced in 2026.

Primary Insight

What Stands Out

  • Buyers are often infrastructure-focused sponsors and operators (for example, EQT Infrastructure VII, Talen Energy, Oldcastle Infrastructure, and American Water).
  • Power-and-data infrastructure is a prominent theme, including integrated energy + AI campus development (Copia Power) and an AI data center project in West Texas.
  • Regulated water and wastewater assets are also actively changing hands, with acquisitions spanning multiple U.S. states (including American Water’s Nexus-related transaction).
  • Midstream expansion remains a focus, such as ownership increases and acquisitions tied to natural gas gathering and processing in the Midcontinent region.
  • Tech-enabled water services show up alongside asset deals, including wastewater treatment and nutrient removal capabilities integrated into Oldcastle Infrastructure via Axius Water.

Build a buyer list for your Infrastructure deal

Find buyers actively acquiring infrastructure companies.

Find buyers like these for your deal

Buyer Snapshot

Top Buyers

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

Build a buyer list for your Infrastructure deal →
Buyer # Deals Focus Type
Macquarie Asset Management 8 Global infrastructure and asset manager focused on long‑t... 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)
KKR 6 Global alternative asset manager investing across private... 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)
Antin Infrastructure Partners 4 Independent private equity firm focused on infrastructure... PE

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 75 2025 ~148 est. 88 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Xylem Acquires WaterFleet for Approximately $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

    WaterFleet, a provider of mobile water and wastewater utility services and workforce relief solutions, has signed a definitive agreement to be acquired by a subsidiary of Xylem Inc. for approximately $200 million. The deal is subject to customary closing conditions, including regulatory approvals, and is expected to close later in the quarter.

  • 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.

  • 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.

  • Veralto Acquires Alfaa UV to Expand Ultraviolet Water Treatment Portfolio
    July 23, 2026
    Buyer
    Veralto Corporation
    Target
    Alfaa UV
    Industry
    Infrastructure
    Location
    India
    Type
    Buyout

    Veralto has acquired Alfaa UV, an India-based provider of ultraviolet water treatment solutions for industrial and commercial applications. Alfaa UV will be integrated into Veralto’s Trojan Technologies business to strengthen its locally tailored UV offerings in India and support expansion across Asia-Pacific.

  • 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.

  • 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.

  • 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.

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

    ePointZero, a subsidiary of 2PointZero Group, has completed its all-cash acquisition of Traverse Midstream Partners, LLC, for $2.25 billion. 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.

  • EQT Infrastructure VII to Acquire Copia Power
    July 12, 2026
    Buyer
    EQT Infrastructure VII
    Target
    Copia Power
    Seller
    Carlyle
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    EQT Infrastructure VII has agreed to acquire Copia Power from Carlyle. Copia Power develops and operates integrated large-scale energy and AI infrastructure campuses across the United States, combining generation, transmission, and data center load to accelerate AI-driven infrastructure buildout.

  • 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.

  • CPPIB and EQT invest $2.4B to scale EdgeConneX data centers
    July 3, 2026
    Buyer
    Canada Pension Plan Investment Board (CPPIB), EQT Group
    Target
    EdgeConneX
    Industry
    Infrastructure
    Location
    Virginia, United States
    Type
    Growth capital

    The Canada Pension Plan Investment Board (CPPIB) is investing US$1.75 billion (about $2.4 billion) to back a strategy led by EQT Group to build AI-focused data centers. The funding will be channeled to projects led by EdgeConneX, a data-center developer and operator acquired by EQT in 2020, which has since expanded rapidly and plans to build more than 10 gigawatts of capacity in coming years.

  • 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).

  • 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.

  • 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.

  • 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 serving communities in San Diego County. The deal adds an in-service fiber-to-the-premises network with over 35,000 fiber passings to Intrepid’s California footprint while keeping the network on a wholesale open-access model.

  • Warburg Pincus to Acquire Network Plus From OMERS Private Equity
    June 27, 2026
    Buyer
    Warburg Pincus
    Target
    Network Plus
    Seller
    OMERS Private Equity, other shareholders
    Industry
    Infrastructure
    Location
    Greater Manchester, United Kingdom
    Type
    Buyout

    Warburg Pincus entered into an agreement to acquire Network Plus, a UK utility and infrastructure services provider headquartered in Worsley, Greater Manchester, from OMERS Private Equity and other shareholders. The investment is intended to accelerate Network Plus’ growth and expand its maintenance, enhancement, and operational services across water, wastewater, gas, power, and broader infrastructure sectors. The transaction is subject to regulatory approval, with Network Plus’ leadership team and branding expected to remain in place following completion.

  • 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.

  • Public Storage to Acquire Public Storage Canada in $1.2B Deal
    June 23, 2026
    Buyer
    Public Storage OP, L.P., Public Storage Operating Company (PSOC), Public Storage
    Target
    Public Storage Canada
    Seller
    Tamara Hughes Gustavson and family
    Industry
    Infrastructure
    Location
    Canada
    Type
    Buyout

    Public Storage (via its operating partnership and PSOC) agreed to acquire Public Storage Canada for approximately $1.2 billion USD (about $1.67 billion CAD) in a deal primarily funded with Public Storage operating partnership units and cash, plus an earn-out. The transaction is expected to close in the second half of 2026, subject to customary closing conditions.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Global Net Lease to Acquire Modiv Industrial in $535 Million All-Stock Transaction
    May 7, 2026
    Buyer
    Global Net Lease, Inc.
    Target
    Modiv Industrial, Inc.
    Industry
    Infrastructure
    Location
    California, United States
    Type
    Buyout

    Global Net Lease, Inc. (NYSE: GNL) entered into a definitive merger agreement to acquire Modiv Industrial, Inc. (NYSE: MDV) in an all-stock transaction valued at approximately $535 million enterprise value. The deal is expected to close in the third quarter of 2026, subject to customary conditions and Modiv stockholder approval.

  • KSL Capital Partners Acquires Invited Clubs
    May 7, 2026
    Buyer
    KSL Capital Partners
    Target
    Invited Clubs
    Seller
    Apollo Global Management
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Buyout

    KSL Capital Partners acquired Invited Clubs in a deal valued at approximately $3 billion, including debt. The transaction marks KSL’s second ownership of Invited, having previously bought the company in 2006 and taken it public in 2013.

  • Arcus Infrastructure Partners Acquires Majority Stake in TrueNoord
    April 30, 2026
    Buyer
    Arcus Infrastructure Partners
    Target
    TrueNoord
    Seller
    Freshstream (founding investor, agreeing to reinvest/retain 26% as ownership transitions)
    Industry
    Infrastructure
    Location
    Netherlands
    Type
    Buyout

    Arcus Infrastructure Partners entered into definitive documentation to acquire approximately a 74% majority stake in TrueNoord, with founding investor Freshstream agreeing to reinvest and retain the remaining 26%. The deal is intended to support TrueNoord’s next phase of growth in the regional aircraft leasing market, with closing expected in about two months.

  • MARA Holdings Agrees to Acquire Long Ridge Energy Power LLC from FTAI Infrastructure
    April 30, 2026
    Buyer
    MARA Holdings, Inc.
    Target
    Long Ridge Energy Power LLC, Long Ridge Energy Power LLC
    Seller
    FTAI Infrastructure Inc.
    Industry
    Infrastructure
    Location
    Ohio, United States
    Type
    Buyout

    MARA Holdings, Inc. entered into a definitive agreement to acquire Long Ridge Energy Power LLC from FTAI Infrastructure Inc. for an approximately $1.5 billion transaction value (including assumed debt). The deal includes the Long Ridge 505 MW combined-cycle gas power plant in Hannibal, Ohio, plus land and related digital infrastructure campus assets, expected to support MARA’s AI and critical IT expansion plans.

  • I Squared Capital Agrees to Acquire Elea Data Centers
    April 28, 2026
    Buyer
    I Squared Capital
    Target
    Elea Data Centers
    Seller
    Goldman Sachs
    Industry
    Infrastructure
    Location
    Brazil
    Type
    Buyout

    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.

  • The Sterling Group Foundation Fund Acquires The Scruggs Companies (from Rox Capital Partners)
    April 24, 2026
    Buyer
    The Sterling Group Foundation Fund, The Sterling Group
    Target
    The Scruggs Companies, Scruggs, Neil Technical Services (NTS)
    Seller
    Rox Capital Partners
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Buyout

    Rox Capital Partners sold The Scruggs Companies, a municipal water infrastructure platform, to The Sterling Group Foundation Fund. The deal includes Scruggs’ regional flow control products and repair/maintenance services supporting municipal water and wastewater systems across the Southern and Midwestern United States. Financial terms were not disclosed, and the existing leadership team is expected to remain in place under Sterling’s ownership.

  • KKR Invests $1.5 Billion in Vertical Bridge REIT Equity Investment
    April 24, 2026
    Buyer
    KKR, DigitalBridge, La Caisse
    Target
    Vertical Bridge REIT, LLC
    Industry
    Infrastructure
    Location
    Florida, United States
    Type
    Growth capital

    Vertical Bridge REIT, LLC (a DigitalBridge portfolio company) announced it will receive a $1.5 billion equity investment from KKR. The investment is intended to establish a fully funded, long-term capital structure to support Vertical Bridge’s strategic plan, including organic development and selective mergers and acquisitions.

  • Z Squared Completes Business Combination with Coeptis Therapeutics Holdings, Renaming as Z Squared Inc. and Listing on Nasdaq
    April 24, 2026
    Buyer
    Z Squared, Inc., Z Squared Inc.
    Target
    Coeptis Therapeutics Holdings, Inc., Z Squared Opco Inc.
    Industry
    Infrastructure
    Location
    Florida, United States
    Type
    Buyout

    Z Squared, Inc. announced the completion of its business combination with Coeptis Therapeutics Holdings, Inc. The combined company was renamed Z Squared Inc. and its shares are expected to begin trading on the Nasdaq Global Market under ticker “ZSQR” on April 27, 2026.

  • Related Digital and Blackstone-Backed Funds Secure Financing for $16B Oracle Data Center Campus in Michigan
    April 24, 2026
    Buyer
    Related Digital, Blackstone (funds affiliated), PIMCO (managed funds and accounts)
    Target
    Oracle data center campus in Saline Township ("The Barn" campus)
    Industry
    Infrastructure
    Location
    Michigan, United States
    Type
    Growth capital

    Related Digital and funds affiliated with Blackstone, along with PIMCO-managed debt financing, announced financing has been secured for Related Digital’s $16 billion Oracle data center campus in Saline Township, Michigan. The campus is being developed for Oracle in support of its partnership with OpenAI to expand AI compute capacity.

  • Headwater Energy Acquires Arena Renewables
    April 23, 2026
    Buyer
    Headwater Energy
    Target
    Arena Renewables
    Industry
    Infrastructure
    Location
    Arizona, United States
    Type
    Buyout

    Headwater Energy has completed its acquisition of Arena Renewables, a distributed generation solar and battery energy storage system (BESS) developer. The deal combines Arena’s project development capabilities and near-1 GW pipeline with Headwater’s financing and operational platform to accelerate deployment across U.S. markets.

  • Stonepeak Recapitalizes Southern Marinas
    April 22, 2026
    Buyer
    Stonepeak
    Target
    Southern Marinas
    Seller
    Affiliates of KSL Capital Partners, LLC
    Industry
    Infrastructure
    Location
    United States
    Type
    Recapitalization

    Stonepeak recapitalized Southern Marinas through a transaction in which affiliates of KSL Capital Partners sold their interests to Stonepeak. Southern Marinas is a U.S. marina owner and operator with a diversified portfolio of 16 marinas across eight states.

  • Stonepeak Recapitalizes Southern Marinas, Taking Majority Control
    April 22, 2026
    Buyer
    Stonepeak
    Target
    Southern Marinas
    Seller
    Gridiron Capital
    Industry
    Infrastructure
    Location
    United States
    Type
    Recapitalization

    Stonepeak has recapitalized Southern Marinas, taking majority control of North America’s largest marina operator in a deal valued at well over $1 billion. The firm acquired its stake from Gridiron Capital, while Southern Marinas’ founding management team led by CEO Brad Nelson retained a meaningful equity stake and continued day-to-day operations.

  • Crestline Credit Facility Funding for Kinderhook Merger of Ironclad Environmental Solutions and Mersino Water Solutions
    April 21, 2026
    Buyer
    Crestline Management, L.P.
    Target
    IRONCLAD Powered by Mersino, Ironclad Environmental Solutions, Inc., Mersino Water Solutions
    Seller
    Kinderhook Industries, LLC
    Industry
    Infrastructure
    Location
    Texas, United States
    Type
    Addon

    Crestline announced the close of an upsized $74.0 million position in its credit facility to Ironclad Environmental Solutions to finance the merger of Ironclad and Mersino Water Solutions. The combination creates IRONCLAD Powered by Mersino, a national water management and specialty liquid containment infrastructure platform, with both businesses previously held by Kinderhook Industries.

  • QXO to Acquire TopBuild for Approximately $17 Billion
    April 20, 2026
    Buyer
    QXO, Inc.
    Target
    TopBuild Corp.
    Industry
    Infrastructure
    Location
    Florida, United States
    Type
    Buyout

    QXO, Inc. entered into a definitive agreement to acquire TopBuild Corp. for approximately $17 billion, a deal expected to expand QXO’s scale and capabilities across the building products value chain. The transaction is subject to customary closing conditions, including shareholder approvals, and is expected to close in the third quarter of 2026.

  • Abrams Capital Acquires Additional Shares of SECURE Waste Infrastructure Corp
    April 20, 2026
    Buyer
    Abrams Capital Management, L.P.
    Target
    SECURE Waste Infrastructure Corp.
    Industry
    Infrastructure
    Location
    Alberta, Canada
    Type
    Growth capital

    Abrams Capital Management, L.P. acquired an additional 160,000 common shares of SECURE Waste Infrastructure Corp. on the open market through the Toronto Stock Exchange. The purchases increased Abrams Capital’s ownership from about 9.93% to about 10% of SECURE’s outstanding shares and the firm announced it intends to vote against SECURE’s proposed arrangement with GFL Environmental Inc.

  • Blackstone Acquires Significant Minority Stake in Rowan Digital Infrastructure
    April 9, 2026
    Buyer
    Blackstone (funds affiliated with)
    Target
    Rowan Digital Infrastructure
    Industry
    Infrastructure
    Location
    Colorado, United States
    Type
    Recapitalization

    Quinbrook and Blackstone announced that funds affiliated with Blackstone have acquired a significant minority stake in Rowan Digital Infrastructure. The investment is intended to support Rowan’s continued expansion and capacity growth of sustainable, build-to-suit hyperscale data center campuses across the United States.

  • Rock Tech Lithium and BMI Group Establish CAD $200 Million Anchor Partnership for Red Rock Lithium Converter in Ontario
    April 8, 2026
    Buyer
    BMI Group Inc.
    Target
    Rock Tech Lithium Inc.
    Industry
    Infrastructure
    Location
    Ontario, Canada
    Type
    Growth capital

    Rock Tech Lithium and the BMI Group announced a strategic partnership, expected to be structured as a general partner/limited partner arrangement, to develop Rock Tech’s lithium converter facility in Red Rock, Ontario. The BMI Group is intended to invest CAD $200 million as an anchor investment, alongside an initial non-dilutionary funding program of up to CAD $30 million to advance engineering and permitting toward a final investment decision by end of 2026.

  • Mortenson Acquires Nor-Cal Controls
    April 8, 2026
    Buyer
    Mortenson
    Target
    Nor-Cal Controls
    Industry
    Infrastructure
    Location
    Minnesota, United States
    Type
    Buyout

    Mortenson announced it has acquired Nor-Cal Controls, a controls systems provider specializing in energy management control systems for solar, battery energy storage, and microgrid applications. The acquisition is intended to strengthen Mortenson’s capability to deliver increasingly complex energy and infrastructure projects by combining advanced controls expertise with its engineering, procurement, and construction (EPC) capabilities.

Full Export

Purchase this data

Get the full acquisitions list for this page as CSV + XLSX.

Build a buyer list for your Infrastructure deal

Find buyers actively acquiring infrastructure companies.

Apply as a Buyer

Frequently Asked Questions

What kinds of infrastructure assets are being acquired most often?

Recent deals cover energy (generation and related assets), AI/data-center-linked power infrastructure, regulated water and wastewater systems, and midstream natural gas gathering and processing. Water treatment technology acquisitions also appear.

Which buyers are most recurring in these infrastructure acquisitions?

The page lists recurring names including GI Partners, Morgan Stanley Infrastructure Partners (MSIP), Fluxys, EIG, USD Partners LP, New Mountain Capital, Turning Rock Partners, and Frontline Road Safety.

Where are the most recent transactions located?

Recent locations include the United States, Romania, Texas (U.S.), Vermont (U.S.), Israel, Tennessee (U.S.), and Massachusetts (U.S.).

Do the deals tend to focus on platform-building or single-asset purchases?

Both appear. Some transactions expand a platform or footprint—such as regulated utility systems across multiple states—while others focus on specific assets or projects like a power plant, energy center, or a particular data center campus.

Related Acquisition Pages

Infrastructure Buyers & Acquisitions in Canada Private Equity-Backed Infrastructure Buyers Infrastructure Acquisitions in 2026 Infrastructure Acquisitions in Texas Infrastructure Acquisitions in Virginia Infrastructure Acquisitions in New Hampshire Infrastructure Acquisitions in California Infrastructure Acquisitions in Tennessee Infrastructure Acquisitions in Massachusetts