Tracked deals
48
48 tracked deals across 2023.
Infrastructure Acquisitions in 2023
Buyer mix
Mixed buyer set
45 pe · 22 strategic
Top trend
Volume peaked in 2026
103 tracked deals announced in 2026.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Tower Arch Capital | 4 | Middle-market private equity firm that partners with fami... | PE |
| Aegion Corporation | 3 | Provider of infrastructure maintenance, rehabilitation an... | Strategic (PE-backed) |
| Investcorp | 2 | Global alternative investment manager specializing in pri... | PE |
| J.F. Lehman & Company | 2 | Middle‑market private equity firm focused on investments ... | PE |
| TD&I Cable Maintenance, LLC | 2 | Specialty infrastructure services provider focused on ins... | Strategic (PE-backed) |
| Abu Dhabi Investment Authority (ADIA) | 1 | Sovereign wealth fund investing on behalf of the Governme... | Mixed |
| Agile Growth Equity | 1 | Growth-oriented private equity firm partnering with lower... | PE |
| Allen Powell | 1 | Founder and Executive Chairman of S&N Communications; lon... | Strategic |
| Athena Technology Acquisition Corp. II | 1 | Special purpose acquisition company (SPAC) incorporated t... | Mixed |
| Bain Capital | 1 | Global private investment firm investing across private e... | PE |
Acquisition Volume in Infrastructure in 2023 by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 18, 2023
- Buyer
- Frontline Road Safety, LLC, The Sterling Group
- Target
- The Aero-Mark Company, LLC
- Seller
- Mike Krenn, Curt Huffman
- Industry
- Infrastructure
- Location
- Ohio, United States
- Type
- Addon
Frontline Road Safety, a portfolio company of The Sterling Group, has completed the acquisition of The Aero-Mark Company, a Streetsboro, Ohio-based pavement marking contractor with an additional location in Cincinnati. The deal is an add-on to Frontline’s platform (its twelfth acquisition since July 2020) and is intended to expand the platform’s Midwest footprint and service capabilities in road safety and infrastructure maintenance.
-
- Buyer
- TD&I Cable Maintenance, LLC, Tower Arch Capital
- Target
- Midwest Utility Services, LLC
- Seller
- Steve Kvistad, Bill Eckles
- Industry
- Infrastructure
- Location
- Minnesota, United States
- Type
- Addon
TD&I Cable Maintenance and private equity sponsor Tower Arch Capital have acquired Midwest Utility Services, a Minnesota-based provider of directional drilling, cable plowing and underground telecom installation and maintenance. The founder, Steve Kvistad, and minority owner, Bill Eckles, will remain as go-forward partners; financing was provided by Zions Bank and terms were not disclosed.
-
December 11, 2023
- Buyer
- Bain Capital Private Equity
- Target
- Eleda
- Seller
- Altor
- Industry
- Infrastructure
- Location
- Stockholm, Sweden
- Type
- Buyout
Bain Capital Private Equity has agreed to acquire a controlling stake in Eleda, the Stockholm-headquartered Nordic infrastructure projects and services group, from Altor, which will retain a minority stake. Eleda's founders and management will reinvest, and Bain will partner with the team to accelerate growth—particularly in segments tied to the green transition such as water, power distribution, district heating, roads, data centres and EV charging.
-
December 11, 2023
- Buyer
- Investcorp
- Target
- Corsair's Infrastructure Business
- Seller
- Corsair Capital
- Industry
- Infrastructure
- Location
- New York, United States
- Type
- Buyout
Investcorp has completed the acquisition of a 50% stake in Corsair Capital’s infrastructure business, forming a joint entity named Investcorp Corsair Infrastructure Partners to manage the business’s existing funds, investments, and team. The partnership positions Investcorp to expand into the global infrastructure asset class with a focus on transportation, logistics, and related subsectors while Corsair retains the remaining ownership and operating platform.
-
December 7, 2023
- Buyer
- Thayer Infrastructure Services, LLC, Calera Capital
- Target
- Dynetek Solutions, LLC
- Industry
- Infrastructure
- Location
- North Carolina, United States
- Type
- Addon
Thayer Infrastructure Services, LLC completed the acquisition of Dynetek Solutions, LLC, a Charlotte-based provider of horizontal directional drilling and underground utility installation services. Dynetek's founder Shenar Wood will continue to oversee the business as it is integrated into the TIS platform, which is owned by private equity firm Calera Capital; the deal expands TIS's capabilities in the utility, telecommunications, and renewable energy markets in the Southeastern U.S.
-
December 5, 2023
- Buyer
- Tower Arch Capital, Allen Powell
- Target
- N&S Construction, Inc. d/b/a S&N Communications
- Industry
- Infrastructure
- Location
- Virginia, United States
- Type
- Recapitalization
Tower Arch Capital has formed S&N Infrastructure Services, LLC in partnership with Allen Powell and S&N's leadership to complete a recapitalization of N&S Construction, Inc. d/b/a S&N Communications. The investment will support the company's planned geographic expansion and capability growth across its communications and electric utilities infrastructure services in the Mid-Atlantic and Southeast.
-
December 4, 2023
- Buyer
- Fengate Asset Management, Fengate Infrastructure Yield Fund, LiUNA's Pension Fund of Central and Eastern Canada
- Target
- TowerCom, LLC (portfolio of wireless communications towers)
- Seller
- TowerCom, LLC
- Industry
- Infrastructure
- Location
- Florida, United States
- Type
- Addon
Fengate Asset Management has closed the acquisition of a portfolio of wireless communications towers in the United States from TowerCom, LLC. The deal expands Fengate's communications-tower holdings to more than 200 towers across 15 states and was executed on behalf of the Fengate Infrastructure Yield Fund with participation from an investment fund owned by LiUNA's Pension Fund of Central and Eastern Canada.
-
November 27, 2023
- Buyer
- RoadSafe Traffic Systems, Inc., Investcorp, Trilantic North America
- Target
- Dobie Supply, LLC
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
RoadSafe Traffic Systems, a PE-backed provider of infrastructure safety services, has acquired Dobie Supply, an Austin-based supplier and manufacturer of traffic control devices and roadway and commercial signage. The deal expands RoadSafe's traffic control distribution presence in the greater Texas market and represents the company's 11th acquisition since partnering with Investcorp and Trilantic North America in 2021.
-
Morgan Stanley Infrastructure Partners to Acquire Majority Stake in UltraEdge from Altice France/SFRNovember 21, 2023
- Buyer
- Morgan Stanley Infrastructure Partners (MSIP)
- Target
- UltraEdge
- Seller
- Altice France S.A., SFR S.A.
- Industry
- Infrastructure
- Location
- Île-de-France, France
- Type
- Divestiture
Morgan Stanley Infrastructure Partners (MSIP) has entered into an exclusivity agreement to acquire a majority interest in UltraEdge, a portfolio of 257 distributed data centers being carved out from SFR (a subsidiary of Altice France). The deal, subject to regulatory approvals, will create the first nationwide independent edge colocation provider in France and MSIP will partner with Altice France to upgrade infrastructure and increase density to capture rising demand for ultra-low latency connectivity.
-
November 20, 2023
- Buyer
- Agile Growth Equity
- Target
- Kobus Services Limited, Kobus, Inc.
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Agile Growth Equity has completed the acquisition of Kobus (Kobus Services Limited and Kobus, Inc.), a trenchless technology provider headquartered in Houston, Texas with operations in Tamworth, England. The private equity firm will partner with Kobus management to expand market awareness and accelerate delivery of the company's trenchless pipe-replacement tools and services to municipalities, water and gas utilities worldwide.
-
October 25, 2023
- Buyer
- Ridgemont Equity Partners
- Target
- National Power, LLC
- Industry
- Infrastructure
- Location
- North Carolina, United States
- Type
- Recapitalization
Ridgemont Equity Partners led a recapitalization of National Power, LLC to support the company's growth and M&A strategy. Financing for the transaction was provided by Churchill Asset Management and Oaktree Capital Management's U.S. Private Debt Group; financial terms were not disclosed.
-
October 18, 2023
- Buyer
- Aegion Corporation
- Target
- AP Civil Solutions, LLC
- Industry
- Infrastructure
- Location
- Florida, United States
- Type
- Addon
Aegion Corporation has acquired AP Civil Solutions, LLC, a Central Florida water and wastewater pipe rehabilitation and maintenance services provider founded in 2016. AP Civil will operate as part of Insituform (an Aegion portfolio company) to expand Aegion's utility services capabilities and footprint across Florida.
-
October 12, 2023
- Buyer
- Northleaf Capital Partners
- Target
- EVPassport, Inc.
- Industry
- Infrastructure
- Location
- California, United States
- Type
- Buyout
Northleaf Capital Partners has agreed to acquire a controlling stake in EVPassport, committing $200 million to fund the company's capital requirements and accelerate build-out of Level 2 and Level 3 EV charging infrastructure across North America. EVPassport, headquartered in Los Angeles, provides an IaaS model for charging infrastructure combined with an open-API technology platform focused on multi-family, hospitality and retail site hosts.
-
September 21, 2023
- Buyer
- EQT Active Core Infrastructure, Public Sector Pension Investment Board (PSP Investments)
- Target
- Radius Global Infrastructure, Inc.
- Seller
- Radius stockholders
- Industry
- Infrastructure
- Location
- Pennsylvania, United States
- Type
- Buyout
EQT Active Core Infrastructure and the Public Sector Pension Investment Board (PSP) completed the approximately $3.0 billion acquisition of Radius Global Infrastructure, taking the company private at $15.00 per share. The buyers intend to support Radius' geographic expansion and portfolio growth of its real-property-backed digital infrastructure assets across multiple countries.
-
September 18, 2023
- Buyer
- KKR-managed fund
- Target
- Singtel’s regional data center business (Digital InfraCo)
- Seller
- Singtel
- Industry
- Infrastructure
- Location
- Singapore
- Type
- Growth capital
Singtel and KKR reached a definitive agreement under which a KKR-managed fund will invest up to S$1.1 billion (about US$800 million) for a 20% stake in Singtel’s regional data center business within its Digital InfraCo unit. The stake can increase to 25% by 2027 at a pre-agreed valuation, and the proceeds will help accelerate expansion across ASEAN markets.
-
September 15, 2023
- Buyer
- Quad-C Management, Inc.
- Target
- The Vortex Companies, LLC
- Seller
- Platform Partners, LLC
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Quad‑C Management has acquired The Vortex Companies, a global provider of trenchless water and sewer rehabilitation products and services, from Platform Partners. The investment will support Vortex’s continued growth and international expansion while co‑founder and CEO Mike Vellano remains in place; financial terms were not disclosed.
-
September 9, 2023
- Buyer
- Sherwood Companies
- Target
- Traffic & Lighting Systems, Inc.
- Industry
- Infrastructure
- Location
- Oklahoma, United States
- Type
- Buyout
Sherwood Companies has acquired Traffic & Lighting Systems, Inc. (TLS) to expand its footprint and capabilities in the transportation infrastructure sector. Infinity Capital Partners served as Sherwood's buy-side advisor on the transaction, supporting structuring and due diligence.
-
- Buyer
- Manulife Investment Management (Manulife Infrastructure Fund II), NantCapital, LLC (NANT)
- Target
- Serverfarm
- Industry
- Infrastructure
- Location
- California, United States
- Type
- Buyout
Manulife Investment Management, on behalf of Manulife Infrastructure Fund II, completed the acquisition of a controlling interest in Serverfarm on September 1, 2023, with ongoing financial support from NantCapital (NANT). The investment will fund Serverfarm's global expansion of its data center portfolio and accelerate adoption and market reach of its InCommand DMaaS platform; Avner Papouchado will remain CEO and retain a significant ownership stake alongside NANT.
-
August 30, 2023
- Buyer
- Tower Arch Capital
- Target
- TD&I Cable Maintenance
- Seller
- Tim Stanke, Debbie Stanke, TD&I management team (Donavin Berg, Jeff Antonuk, Spencer Pannhoff, Carroll Wheaton)
- Industry
- Infrastructure
- Location
- Minnesota, United States
- Type
- Recapitalization
Tower Arch Capital has completed a recapitalization of TD&I Cable Maintenance, partnering with founders Tim and Debbie Stanke and the company's management team. The investment will support TD&I's geographic expansion across the upper Midwest and investments to enhance service offerings; financing was provided by Zions Bank and Hillcrest Bank and terms were undisclosed.
-
August 28, 2023
- Buyer
- Martinus North America, Inc.
- Target
- Bottom Line Company LLC
- Industry
- Infrastructure
- Location
- Missouri, United States
- Type
- Buyout
Martinus North America, Inc. has entered into a purchase agreement to acquire Bottom Line Company LLC, a Lee's Summit, Missouri-based railroad contractor. The business will operate as Martinus Bottom Line and immediately service Class 1, shortline and industrial markets as part of Martinus' North American expansion; roughly 200 Bottom Line employees will join the Martinus group.
-
August 11, 2023
- Buyer
- Bain Capital, Other existing and new investors (unnamed)
- Target
- Chindata Group Holdings Ltd
- Seller
- Public shareholders of Chindata Group (outstanding shareholders)
- Industry
- Infrastructure
- Location
- Beijing, China
- Type
- Buyout
Bain Capital signed a definitive agreement to acquire all outstanding shares of Chindata Group Holdings Ltd, taking the Asia‑Pacific hyperscale data‑center operator private at US$4.30 per ordinary share (US$8.60 per ADS). The transaction, supported by existing and new investors, values the company at roughly $3.16 billion and is intended to provide long‑term control and capital to support Chindata's continued expansion and operations across the region.
-
- Buyer
- Newlight Partners, Columbia Capital
- Target
- Landways
- Industry
- Infrastructure
- Location
- England, United Kingdom
- Type
- Growth capital
Landways, a London-based provider of in‑building digital and DC power infrastructure, has closed a growth equity investment led by Newlight Partners with participation from existing investor Columbia Capital. The capital will fund Landways' expansion into the logistics market, scale its Infrastructure-as-a-Service platform, and grow its senior leadership team to support deployments across sports, entertainment, and industrial sites.
-
- Buyer
- Causeway Technologies, Five Arrows
- Target
- one.network
- Seller
- Bridgepoint
- Industry
- Infrastructure
- Location
- United Kingdom
- Type
- Addon
Causeway Technologies, backed by Five Arrows, has agreed to acquire one.network, a leading digital road management SaaS platform, from Bridgepoint. The acquisition is an add-on to Causeway's infrastructure software suite and is intended to expand its roadwork planning, coordination and public engagement capabilities across the UK and US.
-
- Buyer
- Aegion Corporation
- Target
- Portland Utilities Construction Company, LLC
- Industry
- Infrastructure
- Location
- Tennessee, United States
- Type
- Buyout
Aegion Corporation acquired Portland Utilities Construction Company, LLC (PUCC), a trenchless pipe rehabilitation and underground utility contractor serving municipal clients across the U.S. Southeast and Texas. PUCC will continue operating under its current name with existing leadership and employees in place, and the acquisition expands Aegion's specialized pipeline rehabilitation capabilities and regional presence.
-
- Buyer
- Oldcastle Infrastructure (A CRH Company)
- Target
- Hydro International
- Seller
- Funds advised by Agilitas Private Equity LLP
- Industry
- Infrastructure
- Location
- North Somerset, United Kingdom
- Type
- Buyout
Oldcastle Infrastructure, a CRH company based in Atlanta, has acquired Hydro International, a Clevedon, UK-based provider of stormwater and wastewater products, services, and data solutions, from funds advised by Agilitas Private Equity LLP. The acquisition expands Oldcastle Infrastructure’s water market capabilities and geographic reach across North America and Europe by adding Hydro’s product breadth, services capability and R&D expertise.
-
- Buyer
- TD&I Cable Maintenance, LLC, Tower Arch Capital
- Target
- Underground Systems Utility, LLC, Underground Systems Utility Contractors, LLC
- Seller
- Kent Walbeck
- Industry
- Infrastructure
- Location
- Wisconsin, United States
- Type
- Addon
TD&I Cable Maintenance, together with sponsor Tower Arch Capital, acquired Underground Systems Utility, LLC and Underground Systems Utility Contractors, LLC from founder Kent Walbeck. The add-on expands TD&I’s underground telecom and utility installation and maintenance capabilities and strengthens its presence in Wisconsin and the Upper Peninsula of Michigan.
-
- Buyer
- PAI Partners
- Target
- Infra Group
- Industry
- Infrastructure
- Location
- Belgium
- Type
- Buyout
PAI Partners has agreed to acquire a majority stake in Infra Group, a Belgium-headquartered multi-disciplinary network infrastructure services provider. The investment will make PAI the largest shareholder alongside existing investors ICG, Andera Partners and the management team, and will support Infra Group's growth strategy to accelerate expansion organically and via complementary acquisitions.
-
June 27, 2023
- Buyer
- Intelishift, Metropolitan Partners Group
- Target
- Data Canopy
- Industry
- Infrastructure
- Location
- Maryland, United States
- Type
- Buyout
Intelishift has acquired Data Canopy and the combined business will operate under the Data Canopy brand to expand cloud, hybrid-cloud and colocation offerings. The acquisition was facilitated by a $50 million growth capital investment from Metropolitan Partners Group to support the transaction and fund further acquisitions and organic growth.
-
- Buyer
- Compass Group Equity Partners
- Target
- Anderson UnderBridge
- Industry
- Infrastructure
- Location
- South Carolina, United States
- Type
- Buyout
Compass Group Equity Partners has invested in Anderson UnderBridge, a York, South Carolina-based manufacturer and rental operator of mobile bridge inspection trailers and trucks. The partnership establishes Anderson as a platform in Compass Group's Fund II and will fund expanded manufacturing, a larger rental fleet, certification services, geographic expansion, and potential bolt-on acquisitions.
-
Brookfield Infrastructure and Ontario Teachers' Acquire Compass Datacenters from RedBird and AzrieliJune 20, 2023
- Buyer
- Brookfield Infrastructure Partners L.P., Ontario Teachers' Pension Plan
- Target
- Compass Datacenters, LLC
- Seller
- RedBird Capital Partners, Azrieli Group
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Brookfield Infrastructure Partners and Ontario Teachers' Pension Plan have entered into a definitive agreement to acquire Compass Datacenters from RedBird Capital Partners and the Azrieli Group. Compass, headquartered in Dallas and known for building hyperscale data center campuses, will continue to be led by founder and CEO Chris Crosby as the new owners support the company's global expansion and sustainable campus development.
-
June 15, 2023
- Buyer
- DartPoints, Lafayette Square
- Target
- Venyu
- Seller
- REV
- Industry
- Infrastructure
- Location
- Louisiana, United States
- Type
- Addon
DartPoints has acquired Venyu, adding three carrier‑neutral data centers in Baton Rouge and Shreveport and expanding its portfolio to 11 data centers across 10 U.S. markets. Lafayette Square provided financing to support the transaction; Venyu was previously owned by REV (its former parent company).
-
- Buyer
- Grain Management, LLC, StratCap
- Target
- 55 Hereford Street (55H data center)
- Industry
- Infrastructure
- Location
- Ontario, Canada
- Type
- Buyout
Grain Management, in partnership with StratCap, has acquired a majority stake in 55 Hereford Street (55H), a 127,000 sq. ft., Tier III data center in Brampton, Ontario. The joint-venture plans to expand site power capacity and pursue lease-up opportunities with hyperscalers, wholesale tenants and enterprises as part of a value-add growth strategy.
-
May 3, 2023
- Buyer
- Bobcat Power Holdings, LLC, Cotton Creek Capital
- Target
- Chancellor Construction, LLC
- Industry
- Infrastructure
- Location
- Mississippi, United States
- Type
- Addon
Bobcat Power Holdings, a Cotton Creek Capital-backed provider of substation development and maintenance services, has acquired Chancellor Construction, a Hattiesburg, Mississippi-based substation repair and maintenance contractor. The acquisition expands Bobcat's coverage, complementary service capabilities and capacity across the U.S. Southeast; Chancellor will remain led by its existing management team.
-
- Buyer
- Aegion Corporation
- Target
- Infraspec Services, Inc.
- Industry
- Infrastructure
- Location
- Quebec, Canada
- Type
- Buyout
Aegion Corporation has acquired Infraspec Services, Inc., a Laval, Quebec-based trenchless water rehabilitation contractor that self-performs CIPP, sewer cleaning & inspection, grouting and lead pipeline replacement. Infraspec will continue to operate under its current name and management in Quebec as Aegion expands its capabilities and resources to better serve the Canadian municipal market.
-
- Buyer
- Macquarie Asset Management, Macquarie European Infrastructure Fund 7
- Target
- Best in Parking AG
- Seller
- Breiteneder Immobilien Parking AG, Breiteneder family and private foundations
- Industry
- Infrastructure
- Location
- Vienna, Austria
- Type
- Growth capital
Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, has agreed to acquire a significant minority stake in Best in Parking AG, a Vienna-based developer, owner and operator of parking and mobility infrastructure across Central and Southeast Europe. The investment will support Best in Parking’s rollout of EV charging (targeting ~1,000 chargers by 2025), digital solutions and further site expansion; the Breiteneder family (through Breiteneder Immobilien Parking AG) will retain the majority stake. The transaction was expected to close by Q3 2023 and terms were not disclosed.
-
April 20, 2023
- Buyer
- Athena Technology Acquisition Corp. II
- Target
- Air Water Ventures Ltd.
- Industry
- Infrastructure
- Location
- Abu Dhabi, United Arab Emirates
- Type
- Buyout
Air Water Ventures Ltd. entered a definitive agreement to combine with publicly listed SPAC Athena Technology Acquisition Corp. II, creating The Air Water Company. The business combination values Air Water Ventures at a $300 million pre-money equity value and is expected to close in the first quarter of 2024, pending Athena Technology II stockholder approval and regulatory approvals.
-
- Buyer
- Osmose Utilities Services, Inc.
- Target
- Effigis Geo-Solutions (Geospatial & Asset Management business)
- Seller
- Cansel, Effigis Geo-Solutions (Geospatial & Asset Management business)
- Industry
- Infrastructure
- Location
- Quebec, Canada
- Type
- Buyout
Osmose Utilities Services, Inc. acquired the Geospatial & Asset Management business of Effigis Geo‑Solutions (a division of Cansel), bolstering Osmose’s data-driven inspection and asset‑management capabilities in Canada. The deal extends Osmose’s Canadian footprint (adding operations in Quebec, British Columbia and Ontario) and combines Effigis’s geospatial expertise with Osmose’s inspection, analysis and restoration services to serve major utilities and telecom customers.
-
April 3, 2023
- Buyer
- PURIS, J.F. Lehman & Company
- Target
- D&D Water & Sewer, Inc.
- Industry
- Infrastructure
- Location
- Michigan, United States
- Type
- Addon
PURIS, a J.F. Lehman & Company portfolio company, has acquired the assets of D&D Water & Sewer, Inc., a Canton, Michigan-based underground infrastructure installation and repair contractor. The acquisition expands PURIS's self-perform capabilities in potable water rehabilitation and complements its existing Murphy Pipeline Contractors business to better serve municipal clients across North America.
-
- Buyer
- Centerbridge Partners, L.P., GIC, Abu Dhabi Investment Authority (ADIA)
- Target
- INDUS Realty Trust, Inc.
- Industry
- Infrastructure
- Location
- New York, United States
- Type
- Buyout
INDUS Realty Trust, Inc. announced it filed a preliminary proxy statement for a previously announced definitive all-cash merger valued at approximately $868 million. The deal would be acquired by affiliates of Centerbridge Partners, L.P. and GIC, with ADIA committing to become a strategic investor post-closing.
-
March 13, 2023
- Buyer
- IK Partners (IK Small Cap III Fund)
- Target
- Ipsum Group Limited
- Seller
- Aliter Capital
- Industry
- Infrastructure
- Location
- Lancashire, United Kingdom
- Type
- Buyout
IK Partners’ Small Cap III Fund has signed an agreement to acquire Ipsum Group Limited from Aliter Capital, with the existing management team investing alongside IK. Ipsum, headquartered in Chorley, UK, is a specialist provider of maintenance, upgrade and repair services for power and water infrastructure with ~570 employees; IK plans to support organic and acquisitive growth and invest in people, assets and technology.
-
March 7, 2023
- Buyer
- Integrated Water Services, Inc., Sciens Water Opportunities Management, LLC
- Target
- Hyperion International Technologies, LLC
- Seller
- Al Ouchie
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
Integrated Water Services, in partnership with Sciens Water Opportunities Management (an affiliate of Sciens Capital), acquired 100% of Hyperion International Technologies, a control-systems and engineering services provider for water and wastewater markets. The deal expands IWS’s product and digital services capabilities in modular MBR and wastewater reuse technologies; Hyperion’s General Manager Scott Johnson will lead the business as Al Ouchie transitions to retirement.
-
- Buyer
- EQT Value-Add Infrastructure (EQT Infrastructure VI)
- Target
- SK Shieldus Co., Ltd.
- Seller
- SK Square, Macquarie Asset Management (Infrastructure business)
- Industry
- Infrastructure
- Location
- Gyeonggi Province, South Korea
- Type
- Buyout
EQT Value-Add Infrastructure (EQT Infrastructure VI) has agreed to acquire a 68% stake in SK Shieldus from SK Square and Macquarie Asset Management's infrastructure business, with SK Square retaining a 32% minority holding. The investment marks EQT's first infrastructure investment in South Korea and aims to accelerate SK Shieldus's digitalization, expand its physical and cyber security offerings, and support fleet decarbonization and operational improvements.
-
February 23, 2023
- Buyer
- Boyne Capital
- Target
- McKee Utility Contractors
- Seller
- Founding family of McKee Utility Contractors
- Industry
- Infrastructure
- Location
- Oklahoma, United States
- Type
- Buyout
Boyne Capital (through an affiliate) has partnered with McKee Utility Contractors' management and founding family in a platform investment to acquire McKee Utility Contractors, a water and sewer pipeline and utility infrastructure services provider. The investment will support McKee's growth across municipal water, wastewater, and stormwater projects in Texas, Oklahoma and Arkansas and help the company capitalize on increased public water/sewer infrastructure spending.
-
February 22, 2023
- Buyer
- Wafra Inc., Post Road Group
- Target
- Intermountain Infrastructure Group LLC
- Industry
- Infrastructure
- Location
- California, United States
- Type
- Growth capital
Wafra Inc. and Post Road Group announced a joint investment in Intermountain Infrastructure Group (IIG) to support accelerated deployment of IIG's long-haul, regional and metro fiber networks. The capital will enable network expansion — including a new long‑haul route in the Intermountain Region — and support IIG's dark fiber, lit services and colocation offerings for hyperscale, cloud, carrier and content customers.
-
- Buyer
- Lumin8 Transportation Technologies, Crest Rock Partners
- Target
- Lightspeed Integrated Communications LLC
- Industry
- Infrastructure
- Location
- Colorado, United States
- Type
- Addon
Lumin8 Transportation Technologies, a portfolio company of Crest Rock Partners, has acquired Lightspeed Integrated Communications, a Castle Rock, Colorado-based fiber optic infrastructure services provider. The deal expands Lumin8's fiber optic installation, splicing, testing, and maintenance capabilities to support ITS and broadband projects and broadens its service footprint across the U.S.
-
February 13, 2023
- Buyer
- United Utility Services, Bernhard Capital Partners
- Target
- BHI Power Delivery
- Seller
- Westinghouse Electric Company
- Industry
- Infrastructure
- Location
- United States
- Type
- Addon
United Utility Services, a Bernhard Capital Partners-backed utility services platform, has acquired BHI Power Delivery from Westinghouse Electric Company. The acquisition adds BHI’s transmission, substation and distribution capabilities and more than 1,200 employees and 170+ crews, expanding United Utility’s geographic footprint and creating one of the largest independent U.S. transmission & distribution services providers.
-
February 3, 2023
- Buyer
- J.F. Lehman & Company
- Target
- Inland Pipe Rehabilitation, Inliner Solutions, Murphy Pipeline Contractors
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
J.F. Lehman & Company has combined Inland Pipe Rehabilitation, Inliner Solutions, and Murphy Pipeline Contractors into a single portfolio company rebranded as PURIS, a provider of trenchless water infrastructure rehabilitation. The deal creates a North American platform offering CIPP, pipe bursting, CompressionFit HDPE lining and in-house inspection and liner manufacturing to serve municipal sanitary, storm and potable water markets.
-
February 2, 2023
- Buyer
- Ramudden AS
- Target
- Veidrift AS
- Seller
- Roadworks, Norvestor VI L.P., Norvestor Advisory AS
- Industry
- Infrastructure
- Location
- Norway
- Type
- Divestiture
Ramudden AS has signed an agreement to acquire Veidrift AS from Roadworks (majority owned by Norvestor), combining capabilities to create the leading road work zone safety solutions provider in Norway. The transaction is intended to strengthen competence and capacity across both businesses and consolidate market position in the Norwegian road-safety services market.
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