Infrastructure Divestitures in 2025
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December 19, 2025
- Buyer
- TPG, Caisse de de9pf4t et placement du Que9bec (La Caisse), Pike management
- Target
- Pike Corporation
- Seller
- Lindsay Goldberg
- Industry
- Infrastructure
- Location
- North Carolina, United States
- Type
- Divestiture
Lindsay Goldberg has completed the sale of its interest in Pike Corporation following a 25-year partnership. The transaction transfers a majority stake to TPG and Caisse de dépôt et placement du Québec (La Caisse), alongside Pike management, positioning Pike for accelerated growth in U.S. electric-grid, renewables and telecom infrastructure services.
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September 24, 2025
- Buyer
- KKR (affiliates), Canada Pension Plan Investment Board (CPP Investments)
- Target
- Sempra Infrastructure Partners
- Seller
- Sempra
- Industry
- Infrastructure
- Location
- United States
- Type
- Divestiture
Sempra has agreed to sell a 45% equity stake in Sempra Infrastructure Partners to affiliates of KKR alongside CPP Investments, valuing the platform at an implied $22.2 billion equity value and $31.7 billion enterprise value. The deal is expected to close in the second or third quarter of 2026, subject to regulatory approvals, with proceeds paid in a phased schedule totaling $10 billion.
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- Buyer
- Northstar Technologies Group
- Target
- Compass Quantum (Compass EdgePoint Systems)
- Seller
- Compass Datacenters
- Industry
- Infrastructure
- Location
- United States
- Type
- Divestiture
Northstar Technologies Group has acquired majority ownership of Compass Quantum (Compass EdgePoint Systems) from Compass Datacenters. The deal makes Compass Datacenters a strategic partner while positioning Northstar to scale Quantum’s modular edge data center manufacturing and expand into defense, federal and AI/edge markets; financial terms were not disclosed.
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March 13, 2025
- Buyer
- EQT Active Core Infrastructure fund, Zayo, Zayo Group Holdings
- Target
- Crown Castle's Small Cells Solutions business, Crown Castle's Fiber Solutions business
- Seller
- Crown Castle Inc.
- Industry
- Infrastructure
- Location
- United States
- Type
- Divestiture
Crown Castle has entered into definitive agreements to sell its Small Cells Solutions business to an EQT Active Core Infrastructure fund for about $4.25 billion. In a separate but concurrent deal, Zayo (backed by DigitalBridge and EQT) will acquire Crown Castle’s Fiber Solutions business for about $4.25 billion, with the combined fiber + small cells transaction valued at approximately $8.5 billion.
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