Tracked deals
5
5 tracked deals across 2020-2026.
Tracked deals
5
5 tracked deals across 2020-2026.
Buyer mix
Mixed buyer set
7 pe · 3 strategic
Top trend
Volume peaked in 2022
3 tracked deals announced in 2022.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Ares Secondaries funds | 1 | Ares-affiliated investment funds focused on secondary-mar... | PE |
| BDC Capital | 1 | Investment arm of the Business Development Bank of Canada... | PE |
| CAI Capital Partners | 1 | Vancouver-based private equity firm focused on partnering... | PE |
| Caymus Equity | 1 | Lower middle-market private equity firm investing in busi... | PE |
| Colorado Barricade Co. | 1 | Provider of traffic control, pavement marking/striping, s... | Strategic (PE-backed) |
| Frind Enterprises | 1 | Private/family investment interests (co-investor in CAI/U... | Family Office |
| Frontline Road Safety | 1 | Operator and consolidator of pavement marking and road-sa... | Strategic (PE-backed) |
| Macquarie Asset Management | 1 | Infrastructure investor and asset manager operating funds... | PE |
| Ontario Teachers' Pension Plan Board | 1 | Canadian pension plan administrator with a large in-house... | Mixed |
| Roynat Equity Partners | 1 | Provider of growth and transition capital solutions to mi... | PE |
Last 3 years
Supporting Data
Ares Secondaries funds expanded their investment in Sabey Data Center Properties, bringing Ares’ total commitment to the platform to more than $500 million. The additional capital will support the platform’s expansion of U.S. data center infrastructure to meet growing demand tied to cloud computing, AI, and other data-intensive applications.
The Universal Group, a CAI Capital Partners portfolio company, has acquired Advanced Traffic Control (ATC), a traffic control services provider based in Auburn, Washington. CAI and co-investors BDC Capital, Roynat Equity Partners and Frind Enterprises backed the transaction as equity co-investors; debt financing was provided by Bank of Montreal, CIBC and Scotiabank. This marks Universal's first U.S. acquisition as part of a contiguous Pacific Northwest expansion, and ATC's founders will remain in leadership and as shareholders.
Colorado Barricade Co., a Caymus Equity-backed road safety services platform, acquired Pavement Surface Control, Inc. (PSC), a Kennewick, Washington-based provider of pavement striping, concrete barrier and traffic control services. The deal — an inaugural add-on for Colorado Barricade since Caymus Equity's 2021 investment — expands the platform's geographic footprint into the Pacific Northwest to capture increased state and federal infrastructure spending.
Macquarie Asset Management (via the Macquarie Global Infrastructure Fund) and Ontario Teachers' Pension Plan Board agreed to jointly acquire a 31.6% stake in Puget Holdings from CPP Investments. The transaction closed after regulatory approvals, with Macquarie and Ontario Teachers each holding 15.8% after completion.
Frontline Road Safety, a portfolio company of The Sterling Group, has acquired Apply-A-Line, a Pacific, Washington-based provider of road and airport striping solutions. The acquisition is an add-on to Frontline's platform as Sterling builds a national road safety and infrastructure maintenance platform through organic growth and M&A.
Find buyers actively acquiring infrastructure companies.