Tracked deals
47
47 tracked deals across 2020-2026.
Infrastructure Buyers & Acquisitions in Texas
Buyer mix
Mixed buyer set
38 pe · 22 strategic
Top trend
Volume peaked in 2026
10 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Texas-focused footprint moves: TRP expands via East Texas and South Texas divisions through acquisitions of pavement marking and traffic control businesses.
- Power + energy infrastructure expansion: Examples include mobile power services (Gravity Power & Rental), battery energy storage platform growth (Aypa Power), and a strategic investment in AI data center power infrastructure (Joulent).
- Water and wastewater as a recurring theme: Acquisitions cover mobile water/wastewater services (WaterFleet), municipal water infrastructure (The Scruggs Companies), and water/wastewater projects (Crescent Constructors).
- Platform-building financing: Deals include upsized credit facility funding (Crestline and the Ironclad/Mersino combination) and senior/mezzanine structures (Coltala and the Alsay acquisition).
- Midstream integration continues: Howard Energy Partners increased ownership in Midship Pipeline to 100% and acquired Superior Midstream to add gathering and processing infrastructure in Midcontinent states.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Arlington Capital Partners | 3 | Private investment firm specializing in government-regula... | PE |
| TRP Infrastructure Services | 2 | Provider of pavement marking, traffic control, and guardr... | Strategic (PE-backed) |
| 683 Capital Management, LLC | 1 | Investment management firm / alternative asset manager pa... | Investor |
| AEA Investors - Small Business Fund (AEA SBF) | 1 | Middle-market private equity firm investing across value-... | PE |
| Agile Growth Equity | 1 | Growth-oriented private equity firm partnering with lower... | PE |
| Ara Partners | 1 | Private equity and infrastructure firm focused on industr... | PE |
| BBH Capital Partners | 1 | Private equity arm of Brown Brothers Harriman that makes ... | PE |
| Brookfield Asset Management | 1 | Global alternative asset manager with major infrastructur... | Strategic |
| Brookfield Infrastructure Partners L.P. | 1 | Global infrastructure investment company that owns and op... | PE |
| Cerberus Capital Management, L.P. | 1 | Global alternative investment firm focused on private equ... | PE |
Acquisition Volume in Infrastructure in Texas by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
October 11, 2026
- Buyer
- Wafra
- Target
- Liberty Development Partners
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Growth capital
Wafra acquired an interest in Liberty Development Partners and invested in its principal assets, Gulf Inland Logistics Park and CMC Railroad. The investment is intended to provide capital and institutional resources to expand the rail-served industrial infrastructure platform and pursue additional opportunities.
-
October 6, 2026
- Buyer
- Valtir, LLC
- Target
- QWICK KURB, Inc.
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Valtir has completed its acquisition of QWICK KURB, adding modular raised-curb channelization and lane-separation systems to its roadway safety product portfolio. The combined offering is designed to strengthen Valtir’s position as a provider of roadway safety solutions for both permanent and temporary applications.
-
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.
-
- 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.
-
- 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.
-
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.
-
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.
-
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.
-
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.
-
January 16, 2026
- Buyer
- TRP Infrastructure Services, Arlington Capital Partners
- Target
- Striping Technology, L.P.
- Seller
- Linda Rudd
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
TRP Infrastructure Services, a Fort Worth-based pavement marking and traffic control platform backed by Arlington Capital Partners, has acquired Striping Technology, L.P., a Tyler, Texas pavement marking contractor. Striping Technology will operate as TRP's East Texas division to deepen the company's presence in Texas and accelerate TRP's expansion across the Southeast; financial terms were not disclosed.
-
December 4, 2025
- Buyer
- TRP Infrastructure Services, Arlington Capital Partners
- Target
- Highway Barricades & Services, LLC
- Seller
- Mitra Khan, Bilal Khan
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
TRP Infrastructure Services, a portfolio company of Arlington Capital Partners, has acquired Highway Barricades & Services, LLC. The Corpus Christi-based pavement marking and traffic control firm will operate as TRP's South Texas division, expanding TRP's regional footprint and capabilities to better serve government customers such as the Texas Department of Transportation.
-
October 29, 2025
- Buyer
- Sullivan Brothers Family of Companies
- Target
- Cotton Holdings, Inc.
- Seller
- Sun Capital Partners, Inc.
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Sullivan Brothers Family of Companies (SBFC) has acquired Cotton Holdings, a Houston-based infrastructure support and disaster recovery services platform, from Sun Capital Partners. The deal transfers ownership to the family-founded operator, which says it will invest in expanding Cotton's service capabilities, geographic reach and long-term growth across the U.S. and internationally.
-
September 30, 2025
- Buyer
- Zachry Construction Corporation
- Target
- Crescent Constructors
- Seller
- Mike Daigre (founder of Crescent Constructors)
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
Zachry Construction Corporation has agreed to acquire Crescent Constructors, a water and wastewater infrastructure projects firm based in Plano, Texas. The deal is described as a bolt-on expansion to Zachry’s infrastructure services portfolio, aiming to strengthen its presence in the water sector while Crescent continues operating under its current name as a Zachry Construction affiliate.
-
- Buyer
- Coltala Holdings, Coltala Water Holdings, Gladstone Capital, Lone Star Investment Advisors
- Target
- Alsay, Inc.
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Coltala Holdings launched Coltala Water Holdings with the acquisition of Alsay, Inc., a Houston-based water well drilling and water infrastructure services provider founded in 1960. The transaction was financed with a senior loan from Bank United and mezzanine/equity co-investment from Gladstone Capital, while Lone Star Investment Advisors remains an investor; Coltala plans to scale Alsay’s water infrastructure capabilities across Texas.
-
August 4, 2025
- Buyer
- Tallvine Partners
- Target
- TRG Datacenters
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Tallvine Partners, a Miami-based investment advisor focused on middle-market infrastructure, has acquired TRG Datacenters, a Houston-area data center owner-operator. Tallvine plans to scale TRG as its digital infrastructure platform, supporting an expansion of TRG’s Houston campus (including up to 24 MW of new capacity) and entry into additional Texas and U.S. metro markets to serve enterprise, hosting, cloud and AI customers.
-
April 1, 2025
- Buyer
- Dresser Utility Solutions, First Reserve
- Target
- Kobus
- Seller
- Agile Growth Equity
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
Dresser Utility Solutions, a portfolio company of First Reserve, has acquired Kobus, a provider of gas and water pipe-pulling technology and a portfolio company of Agile Growth Equity. Kobus will continue operating from its Houston (U.S.) and Tamworth (U.K.) locations and the deal expands Dresser's capabilities for safer, faster, and more cost-effective underground gas and water pipe replacement to address aging utility infrastructure.
-
February 3, 2025
- Buyer
- Helix Traffic Solutions, Nonantum Capital Partners
- Target
- Mels Electric
- Seller
- Gibson & Associates, Jeff Gibson (former owner)
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
Helix Traffic Solutions, a portfolio company majority-owned by Nonantum Capital Partners, has acquired Mels Electric of Wilmer, Texas. The add-on expands Helix's traffic safety infrastructure capabilities and strengthens its footprint in the Dallas–Fort Worth market; transaction terms were not disclosed.
-
January 23, 2025
- Buyer
- Think Power Solutions
- Target
- Lamar Technical Services Inc.
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Think Power Solutions, a Plano-based tech-enabled utility infrastructure solutions provider, has acquired Lamar Technical Services Inc. (LTSI), a Texas-based firm specializing in GIS data collection, construction staking, and easement research. The acquisition expands Think Power Solutions’ capabilities and geographic reach in the utility infrastructure market as part of its M&A-driven growth strategy.
-
- Buyer
- Macquarie Asset Management (funds managed by Macquarie Asset Management)
- Target
- APLD HPC Holdings LLC (APLDH), Applied Digital Corporation (APLD)
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Growth capital
Funds managed by Macquarie Asset Management agreed to provide a $5.0 billion perpetual preferred equity financing facility to Applied Digital's HPC business (APLDH), with an initial commitment of up to $900 million to support the 400 MW Ellendale HPC campus and a right to invest up to an additional $4.1 billion across Applied Digital's future HPC pipeline. The financing includes preferred and common equity units (MAM receiving 15% of APLDH common at issuance), proceeds to fund buildout, repay bridge debt, and support platform G&A, positioning Applied Digital to accelerate its HPC data center expansion.
-
- Buyer
- Cerberus Capital Management, L.P.
- Target
- Landmark Structures
- Seller
- Graycliff Partners LP
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Cerberus Capital Management has acquired Landmark Structures, a North American designer, manufacturer and installer of elevated water and industrial storage tanks, from Graycliff Partners. Landmark, headquartered in Texas, will continue to be led by CEO Chris Lamon (who and the management team retain a minority stake) and will receive Cerberus' support to expand capabilities, services and geographic reach.
-
December 9, 2024
- Buyer
- Mason Capital Management LLC, IES Holdings, Inc., Nut Tree Capital Management, LP, 683 Capital Management, LLC, First Pacific Advisors
- Target
- CB&I
- Seller
- McDermott International, Ltd
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Divestiture
A consortium of financial investors led by Mason Capital Management has completed the all-cash acquisition of CB&I, the storage facilities, tanks and terminals business formerly owned by McDermott. McDermott will receive $475 million of proceeds before taxes and transaction expenses; CB&I will operate as a standalone company with no funded debt and a mandate to pursue growth in energy and industrial storage markets.
-
October 8, 2024
- Buyer
- Undisclosed strategic buyer
- Target
- Dovetail Infrastructure Services
- Seller
- Allied Industrial Partners LLC
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Divestiture
Allied Industrial Partners has exited its investment in Dovetail Infrastructure Services, a Houston-based developer and operator of water infrastructure, selling the business to an undisclosed strategic buyer. Allied created Dovetail in November 2020 via a carveout and implemented operational and growth initiatives over a four-year hold that positioned the company for a full realization.
-
September 17, 2024
- Buyer
- Snowhawk LP
- Target
- CleanArc Data Centers
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Growth capital
Snowhawk LP, a private equity firm focused on digital infrastructure, has made a strategic investment in CleanArc Data Centers to accelerate the developer's growth, expand its team, and fund development of its inaugural hyperscale data center campus in Virginia. The capital will support land development for up to 600 MW of capacity (300 MW targeted for service by 2027), deepen hyperscaler partnerships, and advance CleanArc's renewable-focused power-structuring approach.
-
- Buyer
- Undisclosed financial sponsor
- Target
- CLS Management Services, Inc. (CLS)
- Seller
- AEA Investors (AEA SBPE)
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
AEA Investors' Small Business Private Equity (AEA SBPE) team completed the sale of CLS Management Services, Inc. ("CLS"), a Sugar Land, Texas-based provider of land management and infrastructure services, to an undisclosed financial sponsor. During AEA SBPE's ownership CLS expanded via strategic add-ons, invested in digital marketing and training, and upgraded its proprietary CLSLiNK technology to support growth.
-
January 2, 2024
- Buyer
- Ara Partners
- Target
- USD Clean Fuels (USDCF)
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Ara Partners has acquired a majority interest in USD Clean Fuels (USDCF), a Houston-based developer, owner and operator of midstream logistics infrastructure for the renewable fuels value chain. As part of the transaction USDCF also acquired the West Colton Rail Terminal in California, and Ara committed additional capital to expand USDCF's infrastructure footprint across North America.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
- Buyer
- Cotton Creek Capital
- Target
- Bobcat Heavy Civil, LLC
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Cotton Creek Capital has formed Bobcat Power Holdings, LLC and acquired regional substation contractor Bobcat Heavy Civil, LLC to create a platform for substation infrastructure services. Bobcat, headquartered in Waco, Texas, will continue providing turnkey substation site work and above-ground electrical construction across Texas, Oklahoma and Louisiana as Cotton Creek scales the business.
-
April 22, 2022
- Buyer
- VPLS
- Target
- Carrier-1
- Seller
- Carrier-1
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
US colocation operator VPLS acquired Carrier-1’s 106,000 sq ft (now DA4) data center facility in Dallas, Texas, adding up to 10MW of capacity and expanding its Dallas footprint. Financial terms were not disclosed; Bank Street Group LLC served as exclusive financial advisor to Carrier-1.
-
April 5, 2022
- Buyer
- Inframark
- Target
- BL Technology, Inc. (BLTI)
- Seller
- Bob Lee and Debi Lee (founders/owners of BLTI)
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Inframark has acquired BL Technology, Inc. (BLTI), a Tomball, Texas-based provider of SCADA, control panel fabrication, and security/fire system integration. The acquisition, which closed March 31, 2022, expands Inframark’s SCADA capabilities and national footprint in water and wastewater infrastructure operations.
-
March 25, 2022
- Buyer
- KKR, Global Infrastructure Partners (GIP)
- Target
- CyrusOne
- Seller
- CyrusOne shareholders
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Funds managed by KKR and Global Infrastructure Partners (GIP) completed the all-cash acquisition of CyrusOne for approximately $15 billion including debt. CyrusOne will be taken private, its Nasdaq listing suspended and delisted as the new owners plan to support the company's global expansion and capitalize on strong secular demand for data center capacity.
-
March 16, 2022
- Buyer
- Inland Pipe Rehabilitation (IPR), J.F. Lehman & Company (JFLCO)
- Target
- Granite Inliner (Inliner) and affiliated companies
- Seller
- Granite Construction Incorporated
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
Inland Pipe Rehabilitation (IPR), a portfolio company of J.F. Lehman & Company, has completed the acquisition of Granite Inliner and affiliated companies from Granite Construction Incorporated. The add-on expands IPR's trenchless pipe rehabilitation capabilities (CIPP, UV-cured liners, geopolymer solutions and manhole renewal), adds manufacturing and R&D capabilities, and broadens the combined company's geographic presence across North America.
-
- Buyer
- DataBank
- Target
- Four Houston data centers from CyrusOne (including CyrusOne Galleria at 4201 Southwest Freeway and the Houston West Campus: West I, West II, West III)
- Seller
- CyrusOne
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Divestiture
DataBank closed its $670 million acquisition of four Houston-area data centers from CyrusOne, adding more than 300,000 square feet of raised-floor capacity and 42.5 megawatts of power. The deal expands DataBank’s U.S. footprint into Houston as its 28th metro, bringing the company’s portfolio to more than 65 facilities and roughly 2.0 million square feet of capacity; TD Securities and CIT (a division of First Citizens Bank) provided underwritten debt financing.
-
December 21, 2021
- Buyer
- SJW Group, SJWTX Inc. (dba Canyon Lake Water Service Company)
- Target
- Kendall West Utility, Bandera East Utility
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
SJW Group’s Texas subsidiary, SJWTX Inc. (doing business as Canyon Lake Water Service Company), has closed its purchase of the Kendall West and Bandera East water/wastewater utilities. The acquisitions expand SJWTX’s service footprint in Kendall, Bandera and Medina counties, serving about 4,000 people with more than 1,600 service connections.
-
- Buyer
- ClockSpring|NRI, Wind Point Partners
- Target
- Fyfe North America and Fyfe Europe
- Seller
- Aegion Corporation
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Addon
ClockSpring|NRI, a portfolio company of Wind Point Partners, has acquired the Fyfe North America and Fyfe Europe business from Aegion Corporation. The deal adds Fyfe's patented fiber-reinforced polymer (FRP) systems and Tyfo solutions to ClockSpring|NRI's critical infrastructure portfolio to expand capabilities in civil/structural strengthening and water transmission pipeline rehabilitation.
-
July 12, 2021
- Buyer
- Arlington Capital Partners
- Target
- TRP Infrastructure Services
- Seller
- MSouth Equity Partners
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Washington, D.C.-based private equity firm Arlington Capital Partners has completed the acquisition of TRP Infrastructure Services, a Fort Worth, Texas-based provider of roadway marking and traffic control services. The transaction — an exit for prior sponsor MSouth Equity Partners — positions TRP as a platform for Arlington to pursue organic growth and add-on acquisitions across state and local government roadway maintenance and traffic control markets.
-
June 24, 2021
- Buyer
- Macquarie Capital
- Target
- Prime Data Centers
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Growth capital
Macquarie Capital has formed a strategic partnership and made an equity investment in Prime Data Centers, a developer and operator of wholesale data centers, targeting capital investments in excess of $5 billion over the next 10 years and a project pipeline of roughly 400 MW. Macquarie will contribute its infrastructure investing, development capabilities and green energy platform to help accelerate Prime's development and expansion across the Americas and Europe.
-
- Buyer
- Riot Blockchain, Inc.
- Target
- Whinstone US
- Seller
- Northern Data
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Riot Blockchain completed its acquisition of Whinstone US from Northern Data, paying 11.8 million shares of Riot common stock and $80 million in cash. The deal brings North America’s largest Bitcoin mining and hosting facility in Rockdale, Texas under Riot’s control and positions Riot to expand the site to 750 MW to capture operational and energy-cost synergies.
-
January 13, 2021
- Buyer
- BBH Capital Partners
- Target
- DynaGrid Holdings LLC
- Seller
- CIC Partners
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
BBH Capital Partners has acquired DynaGrid Holdings LLC from Dallas-based private equity firm CIC Partners. DynaGrid, a Dallas-area provider of subgrade and sitework services for electric utility transmission infrastructure, will keep co-founders Charlie Ferrara and Kendrew Witt in their current roles with continued significant ownership.
-
- Buyer
- Ubiquity Management, LP
- Target
- Millennium Telcom, LLC d/b/a OneSource Communications
- Seller
- Tri-County Electric Cooperative
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
Ubiquity Management, LP has completed the acquisition of Millennium Telcom, LLC d/b/a OneSource Communications from Tri-County Electric Cooperative. Ubiquity plans substantial investment in OneSource’s 300+ mile fiber network in the Dallas–Fort Worth area to grow residential and business broadband penetration and expand services across the market.
-
July 14, 2020
- Buyer
- NMS Capital
- Target
- Exo Group, LLC
- Seller
- Exo founders and principal shareholders
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Recapitalization
NMS Capital has completed a recapitalization of Exo Group, LLC, partnering with Exo's founders and management who will remain significant shareholders. The investment will provide capital to support Exo's growth in data-driven asset inspection, remediation, engineering and training services for steel infrastructure across North America.
-
June 29, 2020
- Buyer
- AEA Investors - Small Business Fund (AEA SBF)
- Target
- CLS Management Services, Inc.
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Buyout
AEA Investors' Small Business Fund (AEA SBF) has closed the acquisition of CLS Management Services, Inc., a national provider of land management and right-of-way services for utilities, public infrastructure and energy customers. The deal gives AEA a platform with a national footprint, proprietary project management technology and comprehensive land management capabilities to support infrastructure project lifecycle needs.
-
February 10, 2020
- Buyer
- Colony Capital
- Target
- DataBank
- Seller
- Edgewater Growth Capital Partners IV
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Growth capital
Colony Capital made a $185 million equity investment in DataBank and acquired Edgewater Growth Capital’s ownership stake in the Dallas-based data-center operator. The capital infusion positions DataBank to accelerate its data-center platform expansion and pursue additional organic and M&A growth opportunities.
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Frequently Asked Questions
Which infrastructure subsectors are most active in Texas acquisitions?
Recent Texas infrastructure transactions span power and energy infrastructure, water and wastewater services, and transportation/roadway support, including pavement marking and traffic control.
Are these Texas deals led by strategic buyers or private investors?
Both. The page includes strategic acquirers such as Xylem Inc. and Brookfield Asset Management, as well as infrastructure platforms backed or co-backed by investment firms like Arlington Capital Partners and others.
What types of water infrastructure businesses are being acquired?
Water-focused acquisitions include mobile water and wastewater utility services (e.g., WaterFleet) and municipal water infrastructure and repair/maintenance services (e.g., The Scruggs Companies), as well as water and wastewater project capabilities (Crescent Constructors).
Do the deals typically expand regional coverage in Texas?
Yes. For example, TRP Infrastructure Services acquired companies that operate as East Texas and South Texas divisions, explicitly to deepen regional presence and serve government customers.
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