Infrastructure
Who acquires Infrastructure companies
16 distinct acquirers across 18 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Infrastructure companies
Ranked by number of acquisitions recorded in this sector, with the year of each buyer's latest one. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
| Acquirer | Deals here | Last deal |
|---|---|---|
| WaterBridge | 2 | 2018 |
| Everest Infrastructure Partners | 1 | 2026 |
| Saltchuk Resources | 1 | 2026 |
| Peak Utility Services Group | 1 | 2025 |
| Zain Group | 1 | 2024 |
| DigitalBridge Group Inc. (PE) | 1 | 2021 |
| Mubadala Capital (PE) | 1 | 2021 |
| Primoris Services | 1 | 2021 |
| Canadian Pacific Kansas City (CPKC) | 1 | 2020 |
| KKR (PE) | 1 | 2020 |
Counted from 18 recorded transactions, 2014 to 2026. Name variants of the same buyer (Inc, Corporation, Ltd) are counted together.
Would these buyers pay for yours?
Put a number on it first: run the free estimate, then the $199 written report sets your range against the Infrastructure band and the comparable disclosed deals, in a document you can share. If the business is profitable, has $1M or more of revenue and you may sell within two years, talk to our advisory team about which of these buyers would engage, and at what price. The first conversation is free.
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| ATN Southwestern U.S. tower portfolio | Everest Infrastructure Partners | 2026-06-02 | $268m | n/d | n/d |
| Great Lakes Dredge & Dock Corporation | Saltchuk Resources | 2026-04-01 | n/d | n/d | n/d |
| 5 Star Electric, LLC | Peak Utility Services Group | 2025-04-11 | $109m | n/d | n/d |
| IHS Kuwait | Zain Group | 2024-12-02 | $230m | n/d | n/d |
| Landmark Dividend | DigitalBridge Group Inc. (PE) | 2021-05-17 | $972m | n/d | n/d |
| Concessionária Rota das Bandeiras | Mubadala Capital (PE) | 2021-01-22 | $376m | n/d | n/d |
| Future Infrastructure | Primoris Services | 2021-01-15 | $620m | n/d | n/d |
| Detroit River Tunnel Co. | Canadian Pacific Kansas City (CPKC) | 2020-10-16 | $312m | n/d | n/d |
| Shapoorji Pallonji Infrastructure Capital - 317MWp Solar Energy Assets | KKR (PE) | 2020-04-27 | $234m | n/d | n/d |
| Crescent Point Energy Corp. - Natural Gas Infrastructure Assets | Steel Reef | 2020-01-20 | $500m | n/d | n/d |
| Halcón Resources Corp. - Water Infrastructure Assets | Undisclosed | 2018-12-21 | $200m | n/d | n/d |
| Halcón Resources Corp. - Water Infrastructure Assets | WaterBridge | 2018-12-20 | $200m | n/d | n/d |
| NGL Energy Partners LP - Water Infrastructure Assets | WaterBridge | 2018-12-20 | $239m | n/d | n/d |
| Signature Ltd. | Hill & Smith Holdings | 2016-08-04 | $19m | n/d | 0.8x |
| HJR Asphalt | Westcap (PE) | 2016-01-08 | $26m | n/d | n/d |
| PEG Bandwidth LLC | Uniti Group | 2016-01-07 | $315m | n/d | n/d |
| AC Site Management | Subcarrier Communications | 2015-07-29 | $2m | n/d | n/d |
| Tradepoint Atlantic | Redwood Holdings (PE) | 2014-10-24 | $110m | n/d | n/d |
n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
Who owns Energy & Utilities companies
On PEStore, Infrastructure sits within Energy & Utilities. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.
Energy & Utilities investors and acquirers on PEStoreMultiples across every sector
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