Recent Infrastructure Acquisitions in Connecticut
Acquisition Volume in Infrastructure in Connecticut by Year
Last 5 years
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April 29, 2025
- Buyer
- QXO, Inc.
- Target
- Beacon Roofing Supply, Inc.
- Industry
- Infrastructure
- Location
- Connecticut, United States
- Type
- Buyout
QXO, Inc. has completed its acquisition of Beacon Roofing Supply, Inc. for $124.35 per share in cash, valuing the transaction at approximately $11 billion. Beacon has become a wholly owned subsidiary of QXO and its shares ceased trading on Nasdaq before the market opened on April 29, 2025.
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February 6, 2025
- Buyer
- TPG, TPG Rise Climate Transition Infrastructure (TPG Rise Climate)
- Target
- Altus Power, Inc.
- Industry
- Infrastructure
- Location
- Connecticut, United States
- Type
- Buyout
Altus Power, a commercial-scale clean energy provider focused on solar and related infrastructure, agreed to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy in an all-cash deal valued at about $2.2 billion (including outstanding debt). In the merger, Altus Power stockholders receive $5.00 per share. The transaction closed in April 2025 and Altus Power became privately held, with its NYSE listing removed.
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April 8, 2024
- Buyer
- Osmose Utilities Services, Inc.
- Target
- IMCORP
- Industry
- Infrastructure
- Location
- Connecticut, United States
- Type
- Addon
Osmose Utilities Services, a portfolio company of EQT Infrastructure, has acquired IMCORP, a specialist in underground power cable diagnostics and life‑cycle condition assessment. The acquisition expands Osmose's utility asset management capabilities by adding IMCORP's advanced diagnostic technology for underground cable systems, enabling more comprehensive reliability and lifecycle services for electric utilities.
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- Buyer
- DataBank
- Target
- 365 Data Centers — Pittsburgh data center, 365 Data Centers — Cleveland data center
- Seller
- 365 Data Centers
- Industry
- Infrastructure
- Location
- Connecticut, United States
- Type
- Divestiture
DataBank acquired data center facilities in Pittsburgh, Pennsylvania and Cleveland, Ohio from 365 Data Centers in January 2017. The acquisitions provided DataBank with key carrier interconnection assets and accelerated its national expansion by establishing anchor sites in two new markets.
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December 6, 2021
- Buyer
- CBRE Acquisition Holdings, Inc., Altus Power, Inc.
- Target
- Altus Power, Inc.
- Industry
- Infrastructure
- Location
- Connecticut, United States
- Type
- Buyout
CBRE Acquisition Holdings, Inc. (CBAH) said its stockholders voted to approve the previously announced business combination with Altus Power, Inc. and other proposals at a special meeting on December 6, 2021. The transaction was expected to close on December 9, 2021, with Altus Power’s Class A shares and warrants beginning trading on December 10, 2021.
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