Tracked deals
7
7 tracked deals across 2021-2026.
Tracked deals
7
7 tracked deals across 2021-2026.
Buyer mix
Mixed buyer set
7 strategic · 5 pe
Top trend
Volume peaked in 2024
2 tracked deals announced in 2024.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| BitNile Holdings, Inc. | 1 | Public diversified holding company that owns and operates... | Strategic |
| BitNile, Inc. | 1 | Wholly owned subsidiary of BitNile Holdings that operates... | Strategic |
| Blackstone (funds affiliated) | 1 | Global alternative asset manager investing across real es... | PE |
| Frontline Road Safety | 1 | Platform operator providing pavement marking and road saf... | Strategic (PE-backed) |
| J.F. Lehman & Company | 1 | Private equity firm focused on investments in aerospace, ... | PE |
| Macquarie Asset Management | 1 | Global infrastructure and asset manager focused on long‑t... | PE |
| Macquarie Infrastructure Partners VI (MIP VI) | 1 | Unlisted infrastructure fund managed by Macquarie Asset M... | PE |
| PIMCO (managed funds and accounts) | 1 | Active fixed income manager providing public and private ... | Mixed |
| PURIS | 1 | Provides trenchless infrastructure renewal solutions (CIP... | Strategic (PE-backed) |
| Related Digital | 1 | Vertically integrated data center development and investm... | Strategic |
Last 5 years
Supporting Data
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.
A fund managed by Macquarie Asset Management agreed to acquire a 40% minority equity stake (with an option to increase to 49%) in select U.S. Gulf Coast infrastructure assets of Dow Inc., forming a new joint-venture platform called Diamond Infrastructure Solutions. The assets—site utilities, power and steam production, pipelines, environmental operations and storage—span five Dow sites in Texas and Louisiana; the transaction provides Dow with cash proceeds (approximately $2.4bn initially, up to ~$3.0bn if Macquarie increases to 49%) and creates a specialist infrastructure operator to serve Dow and third-party industrial customers.
US Signal has acquired the Detroit North Data Center at 1035 West Entrance Drive in Auburn Hills, Michigan, expanding its footprint to three facilities in Metro Detroit and sixteen data centers nationwide. The 76,000-square-foot, Tier III-ready facility offers up to 8MW of power (4MW immediately available), is SSAE 18/HIPAA/PCI-compliant, and will be staffed 24/7 with planned fiber buildouts to support AI and high-power workloads.
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.
BitNile Holdings, Inc. announced that its wholly owned subsidiary BitNile, Inc. closed a membership interest purchase agreement with the previous 30% owners of Alliance Cloud Services, LLC, giving BitNile full (100%) ownership of ACS, which owns and operates a 617,000 sq. ft. data center on a 34.5-acre site in southern Michigan. BitNile said full ownership improves flexibility to execute its Bitcoin mining strategy; the company has invested roughly $127 million in its mining operations, including approximately $12.3 million for the facility and infrastructure improvements.
USIC Locating Services LLC, an affiliate of USIC, LLC, has acquired Utility Resource Group, LLC (URG), a Troy, Michigan–based provider of underground utility locating, gas leak detection, meter services, sewer lateral inspections, and cross-bore mitigation. The deal expands USIC's service footprint and field workforce across the Midwest and Southeast, enhancing its ability to serve utilities and municipalities.
Frontline Road Safety, a platform backed by The Sterling Group, has acquired PK Contracting, a Troy, Michigan-based pavement marking and safety marking services provider with seven Michigan locations and three Florida locations (operating as McShea Contracting). The deal is Frontline’s sixth add-on since the platform launch in July 2020 and expands the platform’s footprint into Michigan and Florida while retaining PK’s existing management team.
Find buyers actively acquiring infrastructure companies.