Tracked deals
32
32 tracked deals across 2019-2026.
Private Equity Firm
Financial Services
I Squared Capital
Miami, Florida, United States
I Squared Capital is an independent global infrastructure investor dedicated to mid-market investments, managing over $60B in assets across power & utilities, transportation & logistics, digital infrastructure, environmental infrastructure, and social infrastructure. Headquartered in Miami with global offices.
- Focus Areas
- Infrastructure investing, Private equity infrastructure funds, Investment management
- Website
- isquaredcapital.com
Recent pace
10
10 tracked deals announced in the last 12 months.
Deal mix
Buyout
22 buyout · 8 addon · 1 divestiture
I Squared Capital Acquisition Volume by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 32 tracked deals for I Squared Capital.
-
- Buyer
- I Squared Capital
- Target
- oOh!media Limited
- Industry
- Marketing & Advertising
- Location
- New South Wales, Australia
- Type
- Buyout
I Squared Capital entered into a Scheme Implementation Agreement to acquire Australian out-of-home advertising company oOh!media Limited in a deal implying an enterprise value of about A$1.04 billion. Under the proposed transaction, oOh!media shareholders will receive A$1.70 in cash per share, with completion expected in Q4 2026 subject to customary approvals and conditions.
-
- Buyer
- I Squared Capital
- Target
- Milestone Environmental
- Seller
- SK Capital Partners
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
I Squared Capital entered into a definitive agreement to acquire Milestone Environmental, an independent energy and industrial waste management platform, from SK Capital Partners. The deal is expected to close in 4Q 2026, subject to customary closing conditions and regulatory approvals; financial terms were not disclosed.
-
July 4, 2026
- Buyer
- I Squared Capital, TPG, Canada Pension Plan Investment Board (CPPIB)
- Target
- Re Sustainability Ltd.
- Seller
- KKR
- Industry
- Environmental Services
- Location
- Telangana, India
- Type
- Buyout
I Squared Capital and a consortium of TPG and Canada Pension Plan Investment Board (CPPIB) have emerged as final contenders to acquire a controlling stake in KKR-backed Re Sustainability Ltd. The waste-management and environmental services company is expected to be valued at more than $1.6 billion, with binding bids due in the next 10–15 days.
-
- Buyer
- I Squared Capital, Bear River Midstream LLC
- Target
- Spire Storage (natural gas storage businesses in Wyoming and Oklahoma)
- Seller
- Spire Inc.
- Industry
- Energy
- Location
- United States
- Type
- Buyout
Spire Inc. has completed the sale of its natural gas storage businesses in Wyoming and Oklahoma (“Spire Storage”) to I Squared Capital for $650 million. The sold assets will be rolled into I Squared’s portfolio company, Bear River Midstream LLC, with proceeds used to support Spire’s ongoing strategic focus and funding of its previously acquired Piedmont Natural Gas Tennessee business.
-
- Buyer
- I Squared Capital
- Target
- Cogent Fiber, LLC (portfolio of ten data center facilities)
- Seller
- Cogent Fiber, LLC (via Cogent Communications Holdings, Inc.)
- Industry
- Infrastructure
- Location
- Florida, United States
- Type
- Buyout
I Squared Capital has entered into a definitive purchase and sale agreement to acquire a portfolio of ten U.S. data center facilities from Cogent Fiber, LLC, an indirect wholly owned subsidiary of Cogent Communications, for $225 million in cash. The acquisition is intended to seed a new U.S. data center operating platform focused on colocation, high-density deployments, and AI inference infrastructure, with I Squared committing up to $1 billion to build the platform.
-
- Buyer
- Priority Power Management, LLC, I Squared Capital
- Target
- Aspen Energy Corporation
- Industry
- Energy
- Location
- Ohio, United States
- Type
- Buyout
Aspen Energy Corporation was acquired by Priority Power Management, LLC, a portfolio company of I Squared Capital. Footprint Capital acted as exclusive sell-side advisor, and the combined organization will integrate Aspen into Priority Power to expand advisory capabilities and regional presence across the Midwest.
-
April 28, 2026
- Buyer
- I Squared Capital
- Target
- Elea Data Centers
- Seller
- Goldman Sachs
- Industry
- Infrastructure
- Location
- Brazil
- Type
- Buyout
I Squared Capital has agreed to acquire Elea Data Centers, a carrier-neutral, renewable-powered data center platform in Brazil. The investment is intended to support Elea’s expansion and accelerate large-scale, high-density AI infrastructure development, including the +3GW Rio AI City initiative.
-
- Buyer
- I Squared Capital's Energy Transition Fund (ISQ ETIF), I Squared Capital
- Target
- Oriden
- Seller
- Mitsubishi Power Americas
- Industry
- Energy
- Location
- Pennsylvania, United States
- Type
- Buyout
I Squared Capital’s Energy Transition Fund (ISQ ETIF) acquired Oriden, a Pittsburgh-based renewable energy developer, from Mitsubishi Power Americas. I Squared plans to invest approximately $300 million to scale Oriden’s development pipeline and evolve it into a next-generation independent power producer with a more diversified asset base.
-
- Buyer
- I Squared-backed Ezee Fiber, I Squared
- Target
- DayNet Fiber Optic assets / network in Dayton, Texas
- Industry
- Telecommunications
- Location
- Texas, United States
- Type
- Addon
Ezee Fiber, backed by I Squared, acquired DayNet’s fiber optic assets and network in Dayton, Texas. The transaction expands Ezee Fiber’s reach in the region and adds to its growing fiber footprint.
-
- Buyer
- I Squared Capital
- Target
- Ramudden Global
- Seller
- Funds advised by Triton Partners
- Industry
- Infrastructure
- Location
- United Kingdom
- Type
- Buyout
I Squared Capital, through its flagship fund, agreed to acquire Ramudden Global from funds advised by Triton Partners. Ramudden provides traffic management and infrastructure safety services supporting maintenance and upgrades across transport and utility networks, operating more than 190 depots across 13 countries in Europe and North America.
-
- Buyer
- I Squared Capital
- Target
- Liberty Tire Recycling
- Seller
- Energy Capital Partners (ECP)
- Industry
- Environmental Services
- Location
- United States
- Type
- Buyout
I Squared Capital has signed a definitive agreement to acquire Liberty Tire Recycling from Energy Capital Partners (ECP). The deal adds Liberty—North America’s tire recycling platform with 50+ facilities and more than 215 million end-of-life tires processed annually—to I Squared’s portfolio of environmental infrastructure businesses.
-
September 17, 2025
- Buyer
- I Squared Capital
- Target
- ENTEK Technology Holdings LLC
- Seller
- None mentioned
- Industry
- Energy
- Location
- Indiana, United States
- Type
- Buyout
I Squared Capital has signed a definitive agreement to acquire a majority equity interest in ENTEK Technology Holdings LLC (ENTEK) for an $800 million investment. The capital will fund construction of a wet-process lithium-ion battery separator gigafactory in Terre Haute, Indiana, supported by a U.S. Department of Energy ATVM loan of up to $1.3 billion and targeted tax credits.
Related Acquisition Pages
Environmental Services Buyers & Acquisitions
9 tracked deals by I Squared Capital.
Energy Buyers & Acquisitions
5 tracked deals by I Squared Capital.
Infrastructure Buyers & Acquisitions
4 tracked deals by I Squared Capital.
Logistics & Distribution Buyers & Acquisitions
3 tracked deals by I Squared Capital.
Acquisitions in Texas
8 tracked deals by I Squared Capital.
Acquisitions in Ohio
2 tracked deals by I Squared Capital.
Acquisitions in Arizona
1 tracked deal by I Squared Capital.
Acquisitions in Florida
1 tracked deal by I Squared Capital.
Selling a company? Get in front of buyers like I Squared Capital
Turn tracked acquisition activity into an outreach-ready buyer list.