Infrastructure Acquisitions in 2026
Acquisition Volume in Infrastructure in 2026 by Year
Last 5 years
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- Buyer
- Intel
- Target
- Ireland Fab 34 joint venture (49% equity interest)
- Seller
- Apollo Global Management (Apollo-led funds)
- Industry
- Infrastructure
- Location
- Ireland
- Type
- Buyout
Intel reached a definitive agreement to repurchase the 49% equity interest in its Ireland Fab 34 joint venture currently held by Apollo Global Management for $14.2 billion. The deal reverses Apollo-led funds’ 2024 acquisition of the minority stake and will be funded with cash on hand plus about $6.5 billion of new debt issuance.
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- Buyer
- Del Monte Capital
- Target
- DLG Infrastructure Services
- Seller
- Danny Glover (co-founder, retiring)
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Recapitalization
Del Monte Capital announced a majority recapitalization of DLG Infrastructure Services, a Houston-area provider of municipal water infrastructure services. The deal is intended to support DLG’s continued growth through additional capital, operational resources, and strategic guidance, with founder Chris Scott-Ford increasing his stake and continuing to lead as president.
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- Buyer
- Mundys S.p.A., Aero 1 Global & International S.à r.l.
- Target
- Getlink
- Industry
- Infrastructure
- Location
- France
- Type
- Growth capital
Mundys announced it will acquire an initial 3.5% stake in Getlink and has the option to buy an additional 6.0%, taking its total holding to up to 9.5% of Getlink’s share capital (with voting rights up to 29.9%). The second tranche is conditional on receiving required regulatory approval expected by April 2026.
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- Buyer
- Mindjoin LLC
- Target
- Solteir
- Industry
- Infrastructure
- Type
- Buyout
Mindjoin announced the strategic acquisition of Solteir, bringing Solteir’s energy infrastructure technology platform and development pipeline into Mindjoin’s AI compute strategy. The combined company plans to deploy scalable, power-backed compute facilities for next-generation AI systems, supported by significant new capital to expand power and electrical infrastructure.
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- Buyer
- Stonepeak, Alphabet (Google)
- Target
- GFiber, Astound Broadband
- Industry
- Infrastructure
- Location
- United States
- Type
- Buyout
GFiber and Stonepeak announced an agreement to combine GFiber with Astound Broadband, creating a new independent U.S. fiber internet provider. The new entity will be majority owned by Stonepeak, with Alphabet retaining a significant minority stake, and the deal is expected to close in the fourth quarter following regulatory approvals.
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March 9, 2026
- Buyer
- Graybar
- Target
- Broken Arrow Electric Supply
- Industry
- Infrastructure
- Location
- Oklahoma, United States
- Type
- Buyout
Graybar plans to acquire Oklahoma-based Broken Arrow Electric Supply (BAES), pending regulatory approval, to expand its presence in Oklahoma. BAES will continue operating under the Broken Arrow Electric Supply name as a Graybar subsidiary with the same team, locations, and suppliers.
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- Buyer
- EQT
- Target
- Kelda Holdings Limited, Yorkshire Water
- Industry
- Infrastructure
- Location
- United Kingdom
- Type
- Growth capital
EQT has agreed to acquire a 42% shareholding in Kelda Holdings Limited, the parent company of Yorkshire Water. The deal is being made through EQT’s Active Core Infrastructure strategy and is subject to regulatory approvals, including antitrust review. The investment supports Yorkshire Water’s multi-year capital spending plan, including an £8.3 billion environmental program for 2025–2030 and expected hiring of more than 1,000 employees.
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March 5, 2026
- Buyer
- La Caisse
- Target
- Cologix
- Industry
- Infrastructure
- Location
- Quebec, Canada
- Type
- Buyout
La Caisse and Cologix announced that La Caisse has concluded an agreement to provide CAD 240 million of senior financing to support Cologix’s Montréal MTL8 colocation data centre. The MTL8 facility in Technoparc Montréal is in service and delivered 21 MW of capacity with AI-ready infrastructure and LEED Gold certification.
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- Buyer
- Essential Utilities, Inc. (Aqua Pennsylvania), Aqua Pennsylvania
- Target
- Greenville Municipal Water Authority
- Seller
- Greenville Municipal Water Authority Board (implied)
- Industry
- Infrastructure
- Location
- Pennsylvania, United States
- Type
- Buyout
Essential Utilities, Inc. (NYSE: WTRG) announced that its Aqua Pennsylvania subsidiary finalized an $18 million purchase of the Greenville Municipal Water Authority in Mercer County, Pennsylvania. The system serves about 2,900 customers, and Aqua Pennsylvania plans to invest approximately $10 million over the next decade in upgrades and repairs to pipelines and system operations.
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March 2, 2026
- Buyer
- Global Infrastructure Partners (GIP), EQT Infrastructure VI, California Public Employees' Retirement System (CalPERS), Qatar Investment Authority (QIA)
- Target
- The AES Corporation
- Industry
- Infrastructure
- Location
- United States
- Type
- Buyout
The consortium led by Global Infrastructure Partners (GIP), a part of BlackRock, and the EQT Infrastructure VI fund (EQT), along with CalPERS and Qatar Investment Authority (QIA), has entered into a definitive agreement to acquire The AES Corporation (AES) for $15.00 per share in cash. The transaction implies a total equity value of $10.7 billion and an enterprise value of approximately $33.4 billion (including assumed debt), and is expected to close in late 2026 or early 2027.
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February 27, 2026
- Buyer
- Azuria Water Solutions, New Mountain Capital
- Target
- Waterline Renewal Technologies
- Seller
- Behrman Capital
- Industry
- Infrastructure
- Location
- Illinois, United States
- Type
- Buyout
Behrman Capital sold its portfolio company, Waterline Renewal Technologies, to Azuria Water Solutions, a New Mountain Capital portfolio company. Waterline provides engineered products for the trenchless rehabilitation of wastewater and stormwater infrastructure; financial terms were not disclosed.
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February 27, 2026
- Buyer
- Canada Pension Plan Investment Board (CPP Investments), Equinix, Inc.
- Target
- atNorth
- Seller
- Partners Group
- Industry
- Infrastructure
- Location
- Iceland
- Type
- Buyout
Canada Pension Plan Investment Board (CPP Investments) and Equinix have entered into a joint agreement to acquire atNorth, a Nordic high-density colocation and built-to-suit data center provider, from Partners Group. The deal values atNorth at about US$4 billion enterprise value, with CPP Investments investing about US$1.6 billion for a controlling ~60% stake and Equinix owning about ~40%, subject to customary closing conditions and regulatory approvals.
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February 17, 2026
- Buyer
- Macquarie Asset Management
- Target
- IHS Towers’ South American wireless tower operations (via IHS Mauritius BR Limited)
- Seller
- IHS Mauritius BR Limited (part of IHS Holding Limited)
- Industry
- Infrastructure
- Location
- Brazil
- Type
- Buyout
Macquarie Asset Management, on behalf of a privately managed infrastructure fund, agreed to acquire IHS Towers’ South American wireless tower operations. The deal covers more than 8,500 tower sites in Brazil and 270 sites in Colombia, with closing expected later in 2026 subject to conditions.
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February 16, 2026
- Buyer
- OnSite Partners, LLC
- Target
- One Power Company
- Industry
- Infrastructure
- Location
- Ohio, United States
- Type
- Buyout
OnSite Partners, LLC announced it has acquired the business interests of Ohio-based industrial power company One Power. The deal expands OnSite Partners’ behind-the-meter distributed generation portfolio and strengthens its energy infrastructure operations, maintenance, and construction capabilities.
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February 10, 2026
- Buyer
- Gibson Energy Inc.
- Target
- Teine Energy Ltd. (Chauvin Infrastructure Assets)
- Industry
- Infrastructure
- Location
- Alberta, Canada
- Type
- Buyout
Gibson Energy has entered into a definitive agreement to acquire Teine Energy Ltd.’s Chauvin Infrastructure Assets for total cash consideration of $400 million (subject to closing adjustments). The assets include a crude oil gathering pipeline system and related infrastructure connecting Chauvin to Gibson’s Hardisty hub, with long-term take-or-pay and area-of-dedication agreements supporting durable cash flows.
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February 6, 2026
- Buyer
- KKR, Singtel Group, ST Telemedia
- Target
- ST Telemedia Global Data Centres (STT GDC)
- Seller
- ST Telemedia (founding shareholder)
- Industry
- Infrastructure
- Location
- Singapore
- Type
- Buyout
KKR and Singtel, with ST Telemedia, announced they have signed definitive agreements for a consortium led by funds managed by KKR and Singtel to acquire the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC). The deal values STT GDC at an implied enterprise value of about S$13.8 billion (including leverage and committed capex), with expected closing in the early second half of 2026 subject to conditions and regulatory approvals.
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February 2, 2026
- Buyer
- Novacap, H5 Data Centers, HyscaleIX Data Centers
- Target
- Portfolio of carrier hotels from 365 Data Centers
- Seller
- 365 Data Centers
- Industry
- Infrastructure
- Location
- United States
- Type
- Buyout
Novacap and H5 Data Centers formed HyscaleIX Data Centers, a connectivity-focused data center joint venture, and announced an acquisition of a portfolio of carrier hotels from 365 Data Centers. The JV’s initial anchored portfolio includes carrier-connected facilities in Buffalo (New York), Nashville (Tennessee), and Tampa (Florida), plus a fourth facility in the Midwestern U.S.
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January 22, 2026
- Buyer
- Cerberus Capital Management (affiliates)
- Target
- Datawave Networks
- Industry
- Infrastructure
- Location
- Cyprus
- Type
- Growth capital
Datawave Networks, an independent subsea infrastructure provider, signed a binding investment and financing agreement with affiliates of Cerberus Capital Management to fund and accelerate the Singapore-India-Gulf (SING) subsea fiber optic cable system. Cerberus is expected to make a significant equity investment for majority ownership of Datawave and also provide project financing intended to support construction and deployment, targeting a Ready for Service date in 2030.
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January 20, 2026
- Buyer
- Syntys, Ooredoo Group
- Target
- Q Data QFZ LLC
- Seller
- Doha Venture Capital, Qatar Free Zones Authority
- Industry
- Infrastructure
- Location
- Qatar
- Type
- Buyout
Syntys, the data‑centre platform linked to Ooredoo Group, has acquired Q Data QFZ LLC from Doha Venture Capital, adding 5MW of live IT capacity and 7.5MW under development (12.5MW total) across two Tier III, carrier‑neutral facilities in the Qatar Free Zones. The deal expands Syntys' hyperscale capacity in Qatar to 26MW and supports its regional growth plan to exceed 120MW across MENA by 2030 while aligning with Qatar's digital economy and sovereign AI objectives.
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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.
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January 16, 2026
- Buyer
- Shenzhen Dongyangguang Industry Co., Ltd. (HEC) - led consortium
- Target
- Chindata (WinTriX China business)
- Seller
- Bain Capital
- Industry
- Infrastructure
- Location
- Beijing, China
- Type
- Divestiture
Bain Capital has completed the sale of WinTriX DC Group’s China business, which operates as Chindata, to a consortium led by Shenzhen Dongyangguang Industry Co., Ltd. (HEC) in a transaction valuing the business at approximately $4.0 billion. Bain described the closing as a strategic exit after backing the platform since 2018; the buyer consortium said it plans to build on Chindata’s footprint amid rising demand for AI, cloud and big‑data infrastructure.
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January 13, 2026
- Buyer
- Vossloh AG
- Target
- Nordic Tamping Service AB
- Industry
- Infrastructure
- Location
- Dalarna County, Sweden
- Type
- Buyout
German rail-infrastructure supplier Vossloh AG has acquired Nordic Tamping Service AB (NTS), a Borlänge, Sweden-based ballast tamping services provider. The acquisition adds tamping capability and specialist machinery to Vossloh's Lifecycle Solutions unit, broadening its track maintenance and lifecycle offering across Scandinavia; financial terms were not disclosed.
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- 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.
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January 8, 2026
- Buyer
- A. O. Smith Corporation
- Target
- Leonard Valve Company, LVC Holdco LLC, Heat-Timer Corporation
- Seller
- Bessemer Investors LLC, Niles Wilcox
- Industry
- Infrastructure
- Location
- Rhode Island, United States
- Type
- Buyout
A. O. Smith entered into a definitive agreement to acquire Leonard Valve Company (including LVC Holdco LLC and its Heat-Timer brand) for $470 million to expand its water management and digital controls capabilities. The deal closed in early 2026, deepening A. O. Smith’s position in water temperature and flow control and broadening its commercial and institutional product portfolio.
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January 6, 2026
- Buyer
- Frontline Road Safety, Bain Capital
- Target
- Surface Preparation Technologies (SPT)
- Seller
- Dominus Capital
- Industry
- Infrastructure
- Location
- Pennsylvania, United States
- Type
- Addon
Frontline Road Safety, a Bain Capital portfolio company, has acquired Surface Preparation Technologies (SPT) from Dominus Capital. SPT, headquartered in New Kingstown, Pennsylvania, provides rumble strips and roadway safety services across the U.S.; the deal is an add-on to Frontline's road-safety platform and terms were not disclosed.
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