Infrastructure Acquisitions in Virginia

Funds managed by Sixth Street will acquire a minority stake in EdgeConneX from EQT Infrastructure (EQT Infrastructure IV and V), with EQT remaining the largest shareholder. The strategic investment will provide capital and sector expertise to help EdgeConneX accelerate delivery of energy-efficient data center capacity optimized for AI and large-scale cloud deployments; the transaction is expected to close in Q4 2024.

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.

EQT Infrastructure V will co-invest alongside EQT Infrastructure IV to take equal ownership stakes in data center operator EdgeConneX. The co-investment is intended to support EdgeConneX’s growth plan — including expanding its footprint in key markets, winning additional customer contracts, and pursuing accretive M&A — with the transaction expected to close in Q3 2021.

EQT Infrastructure (EQT Infrastructure IV) has agreed to acquire EdgeConneX, a global data center provider operating over 40 facilities across 33 markets, from an investor group led by Providence Equity Partners. The transaction is intended to support accelerated growth, new market entry and material expansions of EdgeConneX's existing locations; it was announced Aug. 19, 2020 and expected to close in Q4 2020.