DigitalBridge Group, Inc, a global alternative asset manager dedicated to digital infrastructure, has entered into a definitive agreement to acquire ArcLight Capital Partners, LLC, one of North America’s leading specialist investors in power and electric infrastructure, for a total transaction value of up to $1.05 billion. The combination forms a leading alternative asset manager with assets of more than $150 billion.
The consideration includes a base purchase price of $650 million, plus up to an additional $400 million of contingent consideration. The transaction is conditioned upon completion of the previously announced acquisition of DigitalBridge by an affiliate of SoftBank Group Corp.
Since ArcLight’s founding in 2001, ArcLight has owned, controlled, or operated over 70 gigawatts of generation assets and 48,000 miles of electric and gas transmission and storage infrastructure, representing more than $90 billion of enterprise value. The combination with DigitalBridge is expected to enable new investment solutions that draw on the specialist expertise of both firms to mobilize capital for future power and digital infrastructure development across North American and global markets.
“Digital infrastructure is a specialist business, and ArcLight has operated with that same philosophy in power infrastructure for more than two decades, building deep expertise across power, renewables, batteries, transmission, and midstream infrastructure,” said Marc Ganzi, CEO of DigitalBridge. “The shared conviction that specialization creates durable advantages is foundational to this combination and expands what we can deliver for our limited partners and customers. AI is rewiring the global power equation, accelerating investment across generation, transmission, and behind-the-meter infrastructure. We believe the firms best positioned for this next phase of growth will be those that are able to underwrite both digital and energy infrastructure with equal depth and credibility.”
The post DigitalBridge Group to Acquire ArcLight Capital for $1B appeared first on Connect CRE.
