Blackstone Infrastructure Partners

• Blackstone Infrastructure to Invest Up to €2 Billion in Eurowind Energy

  April 29, 2026

  Buyer

  Blackstone Infrastructure

  Target

  Eurowind Energy

  Seller

  Norlys

  Industry

  Renewable Energy

  Location

  Denmark

  Type

  Growth capital

  Blackstone Infrastructure has entered into a definitive agreement to invest up to €2 billion in Eurowind Energy, a pan-European renewables developer and independent power producer headquartered in Hobro, Denmark. The investment is expected to accelerate Eurowind’s development activities across onshore wind, solar, battery storage, and biogas, with an expected closing before the end of 2026, subject to customary conditions.

• Blackstone Acquires Significant Minority Stake in Rowan Digital Infrastructure

  April 9, 2026

  Buyer

  Blackstone (funds affiliated with)

  Target

  Rowan Digital Infrastructure

  Industry

  Infrastructure

  Location

  Colorado, United States

  Type

  Recapitalization

  Quinbrook and Blackstone announced that funds affiliated with Blackstone have acquired a significant minority stake in Rowan Digital Infrastructure. The investment is intended to support Rowan’s continued expansion and capacity growth of sustainable, build-to-suit hyperscale data center campuses across the United States.

• EQT and Blackstone to acquire Urbaser from Platinum Equity in ~$6.6B deal

  February 12, 2026

  Buyer

  EQT Infrastructure VI (funds managed by EQT), Blackstone Infrastructure (funds managed by Blackstone Infrastructure)

  Target

  Urbaser

  Seller

  Platinum Equity

  Industry

  Environmental Services

  Location

  Spain

  Type

  Buyout

  EQT Infrastructure VI and funds managed by Blackstone Infrastructure have agreed to acquire Urbaser from Platinum Equity in a transaction valued at approximately $6.6 billion (€5.6 billion). The parties plan to jointly support Urbaser’s growth across municipal and industrial waste management, with a focus on expanding the fast-growing industrial waste segment and strengthening core municipal operations.

• Blackstone Infrastructure to Acquire TXNM Energy for $11.5 Billion

  May 19, 2025

  Buyer

  Blackstone Infrastructure

  Target

  TXNM Energy

  Industry

  Infrastructure

  Location

  New Mexico, United States

  Type

  Buyout

  TXNM Energy entered into an agreement for Blackstone Infrastructure to acquire TXNM Energy for $61.25 per share in cash, valuing the deal at $11.5 billion including net debt (excluding securitization debt) and preferred stock. The transaction remains subject to regulatory approvals and other customary closing conditions, with an initially estimated closing window in 2H 2026 (later extended to an expected 1H 2027 timeline).

• Blackstone Infrastructure Acquires Safe Harbor Marinas From Sun Communities in $5.65B Deal

  April 30, 2025

  Buyer

  Blackstone Infrastructure

  Target

  Safe Harbor Marinas

  Seller

  Sun Communities, Inc.

  Industry

  Transportation

  Location

  United States

  Type

  Buyout

  Funds managed by Blackstone Infrastructure have completed the acquisition of Safe Harbor Marinas for $5.65 billion. Safe Harbor, described as the largest marina and superyacht servicing business in the United States, was acquired from Sun Communities.

• Blackstone Infrastructure Acquires 22% Minority Stake in AGS Airports

  March 28, 2025

  Buyer

  Blackstone Infrastructure (Blackstone Inc.)

  Target

  AGS Airports

  Seller

  AviAlliance

  Industry

  Transportation

  Location

  United Kingdom

  Type

  Growth capital

  Blackstone's infrastructure strategy for individual investors agreed to acquire a 22% minority stake in AGS Airports from AviAlliance for £235 million to support continued growth of UK travel and tourism. AviAlliance remains the majority shareholder with a 78% stake; the investment is intended to fund capital improvements and traffic growth across AGS's three UK airports (Glasgow, Aberdeen and Southampton).

• Blackstone-led Consortium to Acquire AirTrunk for A$24 Billion

  September 4, 2024

  Buyer

  Blackstone, Canada Pension Plan Investment Board (CPP Investments)

  Target

  AirTrunk

  Seller

  Macquarie Asset Management (MAM), Public Sector Pension Investment Board (PSP Investments), Robin Khuda (partial stake)

  Industry

  Infrastructure

  Location

  New South Wales, Australia

  Type

  Buyout

  A consortium led and managed by Blackstone, together with the Canada Pension Plan Investment Board, agreed to acquire AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for an implied enterprise value of over A$24 billion. AirTrunk Founder and CEO Robin Khuda will remain as CEO while realising part of his stake; the deal is positioned to accelerate AirTrunk's growth across Asia Pacific to meet rising demand from cloud and AI customers.

• Grain Management and BlackRock Invest in Phoenix Tower International alongside Blackstone

  March 27, 2024

  Buyer

  Grain Management, BlackRock (Diversified Infrastructure fund), Blackstone

  Target

  Phoenix Tower International

  Industry

  Infrastructure

  Location

  Florida, United States

  Type

  Growth capital

  Grain Management and BlackRock have made a strategic investment in Phoenix Tower International (PTI), joining Blackstone as investors to support PTI's continued global expansion of wireless tower infrastructure. The capital will back PTI’s growth across its footprint of over 24,000 towers in 23 countries and help the company expand into new and existing markets.

• Blackstone Infrastructure Partners Acquires 35% Stake in Phoenix Tower International

  January 18, 2022

  Buyer

  Blackstone Infrastructure Partners (funds managed by Blackstone)

  Target

  Phoenix Tower International

  Seller

  Manulife Investment Management

  Industry

  Infrastructure

  Location

  Florida, United States

  Type

  Growth capital

  Funds managed by Blackstone Infrastructure Partners purchased a 35% stake in Phoenix Tower International (PTI) from Manulife Investment Management. The minority investment will support PTI's continued growth and geographic expansion of its wireless infrastructure platform across the Americas and Europe.

• Consortium Led by CDP Equity, Blackstone and Macquarie Agrees to Acquire Autostrade per l'Italia

  June 12, 2021

  Buyer

  CDP Equity, Blackstone Infrastructure Partners, Macquarie Asset Management, Holding Reti Autostradali (HRA)

  Target

  Autostrade per l'Italia S.p.A.

  Seller

  Atlantia S.p.A.

  Industry

  Infrastructure

  Location

  Italy

  Type

  Buyout

  A consortium comprising CDP Equity (51%), Blackstone Infrastructure Partners (24.5%) and funds managed by Macquarie Asset Management (24.5%) has signed a share purchase agreement with Atlantia to acquire 88.06% of Autostrade per l'Italia through a newly created vehicle, Holding Reti Autostradali (HRA). The investors say the transaction will support an extensive investment plan, network upgrades, digitalisation and improved maintenance of ASPI's c.3,000 km toll-road network; closing remains subject to customary conditions and regulatory approvals.

• Blackstone to Acquire QTS Realty Trust in ~$10 Billion All-Cash Transaction

  June 7, 2021

  Buyer

  Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., Other long-term perpetual capital vehicles managed by Blackstone, Blackstone (NYSE: BX)

  Target

  QTS Realty Trust

  Industry

  Infrastructure

  Location

  Kansas, United States

  Type

  Buyout

  QTS Realty Trust and Blackstone announced they entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and other perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS for $78.00 per share in an all-cash transaction valued at approximately $10 billion, including assumed debt. The transaction is expected to close in the second half of 2021, subject to stockholder approval and customary closing conditions.

• Blackstone Majority Investment in Liftoff

  December 22, 2020

  Buyer

  Blackstone

  Target

  Liftoff

  Industry

  Marketing & Advertising

  Location

  California, United States

  Type

  Buyout

  Private equity funds managed by Blackstone have reached a definitive agreement to make a majority investment in Liftoff, a Redwood City-based performance-based mobile app marketing optimization platform. The partnership will provide capital and resources to accelerate product development, expand Liftoff's global footprint, and support future growth initiatives.

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