Investor group closes $40 billion Aligned data center deal
The record acquisition underscores how AI infrastructure demand is redrawing private capital priorities around power, land, and hyperscale capacity.
Historical performance in the Infrastructure category.
Source: Acquire.fyi, Jan 1, 2025 - Jul 21, 2026.
Largest mergers and acquisitions by disclosed deal value.
| Acquirer | Target | Type | Value | Headline |
|---|---|---|---|---|
| Union Pacific | Norfolk Southern | Acquisition | $86.7B | Union Pacific to acquire Norfolk Southern in $86,653.8M deal |
| AI Infrastructure Partnership | Aligned Data Centers | Sale | $40B | Investor group closes $40 billion Aligned data center deal |
| Investor | AES | Acquisition | $30.6B | Investor to acquire AES in $30,555.8M deal |
| American Water Works | Essential Utilities | Acquisition | $19.8B | American Water Works to acquire Essential Utilities in $19,761.1M deal |
| Stonepeak | Castrol | Acquisition | $10.1B | Stonepeak to acquire Castrol in $10,100.0M deal |
| CRH | Arcosa, Inc. | Acquisition | $8.5B | CRH Bets $8.5 Billion on Arcosa to Deepen US Scale |
| MTN Group Limited | IHS Holding Limited | Merger | $6.2B | MTN Group Limited to merge with IHS Holding Limited in $6,200.0M cash deal |
| Acuren Corporation | NV5 Global, Inc. | Merger | $1.7B | Acuren Corporation merges with NV5 Global, Inc. in $1,700.0M cash and stock deal |
| MasTec, Inc. | Electrical Specialists, Inc., d/b/a The Superior Group | Acquisition | $1.7B | MasTec Buys Superior to Push Deeper Into Data Centers |
| Gibraltar Industries, Inc. | OmniMax International | Acquisition | $1.3B | Gibraltar Industries, Inc. acquires OmniMax International in $1,335.0M cash deal |
Page 1 of latest articles and deal coverage.
The record acquisition underscores how AI infrastructure demand is redrawing private capital priorities around power, land, and hyperscale capacity.
The Dallas-Fort Worth acquisition tightens Amrize’s control of a key concrete corridor as producers race to secure local supply, freight efficiency, and pricing leverage.
The roll-up gives Liberty denser collection routes, more processing capacity, and a stronger position in higher-margin recycled rubber markets across Texas and Louisiana.
The $1.65 billion deal gives MasTec inside-the-fence electrical work, scarce labor capacity, and tighter access to hyperscale construction spending.
The deal expands CRH's grip on aggregates and adds a foothold in grid infrastructure as construction materials groups chase scale in faster-growing US markets.
The deal gives Certerra a stronger position in a code-heavy coastal market where building envelope expertise is becoming central to inspection and risk management.
The asset purchase adds niche valuation expertise in energy and infrastructure as tax advisers race to lock in sector depth and senior talent.
The deal pushes Willdan further into recurring commercial energy advisory work as customers seek tighter control over power costs and procurement risk.
The deal pairs Chatham’s debt and derivatives platform with Hodes Weill’s fundraising and advisory franchise as real assets managers seek broader, more integrated capital solutions.
The buyout gives Ares a concentrated Sun Belt retail portfolio as private capital leans into neighborhood shopping centers with durable cash flow and redevelopment upside.