Stonepeak Infrastructure Partners Mergers and Acquisitions Summary

Infrastructure Profile

In the last 3 years, Stonepeak Infrastructure Partners has acquired 6 companies. It has also invested in 2 others.

Stonepeak Infrastructure Partners’ most common sectors for investment arecommunications (20%) and infrastructure (15%) . The Firm’s most common investment types include stake purchase (30%) and secondary buyout (25%). In total, Stonepeak Infrastructure Partners has invested in 11 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2020 when it acquired Astound Broadband for $8.1B.

In the last 3 years, Stonepeak Infrastructure Partners has exited 3 companies. The Firm’s most common exit type is secondary buyout (50%). Stonepeak Infrastructure Partners’ largest (disclosed) exit occurred in 2015 when it sold Casper Crude to Rail for $225M.

Join Mergr to view Stonepeak Infrastructure Partners’ full profile and discover more mega-sized private equity firms just like it.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity20
    • M&A Sell Activity4
  • Total Sectors Invested 9
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 11
  • M&A Advisors 7

Stonepeak Infrastructure Partners

55 Hudson Yards 550 W 34th Street, 48th Floor,
New York, New York 10001
United States
(212) 907-5100
www.stonepeakpartners.com
investments@stonepeakpartners.com

Stonepeak Infrastructure Partners is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stone peak Infrastructure Partners was formed in 2011 and has offices in New York City and Houston.


Investment Criteria

Sectors of Interest: Communications, Information Technology, Infrastructure, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.0/yr) # 10 2 - 2 5 1 20
vol $3.6B $8.1B $2.7B $14.4B
Sell (0.6/yr) # 1 - 1 1 - 1 4
vol $225M $225M
  24

Most Recent M&A

Company Date Value Type
Lumen Technologies, Inc. - Latin American Business 2021-07-26 2.7B USD Divestiture
, Brazil
Hygo Energy Transition Ltd. 2021-01-13 - Divestiture
Hamilton, Bermuda · www.hygoenergy.com
Astound Broadband 2020-11-01 8.1B USD Secondary Buyout
Princeton, New Jersey · www.rcn.com
Digital Edge DC 2020-08-24 - Consolidation
Singapore, Singapore · www.digitaledgedc.com
Peak Energy Investments Ltd. 2020-08-01 - Stake Purchase
Osaka, Japan · www.peakenergy.asia
Xplornet Communications, Inc. 2020-02-27 - Secondary Buyout
Woodstock, New Brunswick · www.xplornet.com
TRAC Intermodal LLC 2020-02-18 - Secondary Buyout
Princeton, New Jersey · www.tracintermodal.com
Oryx Midstream Services LLC 2019-04-02 3.6B USD Secondary Buyout
Midland, Texas · www.oryxmidstream.com
Madison Energy Investments LLC 2019-03-19 - Stake Purchase
New York, New York · www.madisonei.com
Tidewater Holdings, Inc. 2019-02-20 - Secondary Buyout
Vancouver, Washington · www.tidewater.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Astound Broadband 2020-11-01 WideOpenWest, Inc. - Chicago, Evansville & Anne Arundel Service Areas 2021-06-30 2
Princeton, New Jersey · www.rcn.com Englewood, Colorado
Lineage Logistics Holdings LLC 2012-04-18 UTI Forwarding B.V. 2021-04-26 34
Novi, Michigan · www.lineagelogistics.com Rotterdam, Netherlands · www.uti.nl
euNetworks Group Ltd. 2017-11-06 The Loop Manchester Ltd. 2020-12-31 2
London, United Kingdom · www.eunetworks.com Manchester, United Kingdom · www.theloopmanchester.co.uk
Lineage Logistics Holdings LLC 2012-04-18 Pago Sp. z o.o. 2020-12-01 33
Novi, Michigan · www.lineagelogistics.com Grodzisk Wielkopolski, Poland · www.pago.net.pl
Astound Broadband 2020-11-01 Grande Communications Networks LLC 2020-11-01 1
Princeton, New Jersey · www.rcn.com San Marcos, Texas · www.mygrande.com
Xplornet Communications, Inc. 2020-02-27 Corridor Communications, Inc. 2020-10-01 3
Woodstock, New Brunswick · www.xplornet.com Calgary, Alberta · www.cciwireless.ca
Cologix, Inc. 2017-02-02 vXchnge Operating LLC - Minneapolis Data Center 2020-08-20 3
Denver, Colorado · www.cologix.com Minneapolis, Minnesota
Lineage Logistics Holdings LLC 2012-04-18 Maines Paper & Food Service, Inc. - QSR and Casual Dining Distribution Business 2020-05-20 32
Novi, Michigan · www.lineagelogistics.com , New York
Lineage Logistics Holdings LLC 2012-04-18 Van Soest Coldstores - Two Facilities (Netherlands & Belgium) 2019-09-18 31
Novi, Michigan · www.lineagelogistics.com Rijkevorsel, Belgium
Lineage Logistics Holdings LLC 2012-04-18 Preferred Freezer Services LLC 2019-02-25 30
Novi, Michigan · www.lineagelogistics.com Chatham, New Jersey · www.preferredfreezer.com

M&A by Sector

Sector Current # Value All-time # Value
Communications 4 (25%) 10.8B (75%) 4 (20%) 10.8B (75%)
Information Technology 3 (19%) - 3 (15%) -
Infrastructure 2 (13%) - 3 (15%) -
Oil/Gas Exploration 1 (6%) 3.6B (25%) 2 (10%) 3.6B (25%)
Energy Services and Equipment 1 (6%) - 2 (10%) -
Renewable Energy 2 (13%) - 2 (10%) -
Transportation 2 (13%) - 2 (10%) -
Construction - - 1 (5%) -
Utilities 1 (6%) - 1 (5%) -
Total 16 $14.4B 20 $14.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (69%) 11.7B (81%) 14 (70%) 11.7B (81%)
  New Jersey 2 (13%) 8.1B (56%) 2 (10%) 8.1B (56%)
  Illinois 2 (13%) - 2 (10%) -
  Texas 1 (6%) 3.6B (25%) 2 (10%) 3.6B (25%)
  New York 1 (6%) - 1 (5%) -
  Michigan 1 (6%) - 1 (5%) -
  Louisiana 1 (6%) - 1 (5%) -
  Florida 1 (6%) - 1 (5%) -
  Colorado 1 (6%) - 1 (5%) -
  California 1 (6%) - 1 (5%) -
  Wyoming - - 1 (5%) -
  Washington - - 1 (5%) -
Brazil 1 (6%) 2.7B (19%) 1 (5%) 2.7B (19%)
United Kingdom 1 (6%) - 1 (5%) -
Canada 1 (6%) - 1 (5%) -
  New Brunswick 1 (6%) - 1 (5%) -
Japan 1 (6%) - 1 (5%) -
Singapore 1 (6%) - 1 (5%) -
Bermuda - - 1 (5%) -
Total 16 $14.4B 20 $14.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Stake Purchase 4 (25%) - 6 (30%) -
Secondary Buyout 4 (25%) 11.7B (81%) 5 (25%) 11.7B (81%)
Buyout (LBO, MBO, MBI) 2 (13%) - 2 (10%) -
Consolidation 2 (13%) - 2 (10%) -
Joint Venture 1 (6%) - 2 (10%) -
Divestiture 1 (6%) 2.7B (19%) 1 (5%) 2.7B (19%)
Growth Capital 1 (6%) - 1 (5%) -
Recapitalization 1 (6%) - 1 (5%) -
Total 16 $14.4B 20 $14.4B

Exits by Deal Type

Type Total # Value
Secondary Sale 2 (50%) -
Trade Sale - Public Company 1 (25%) 225M (100%)
Divestiture 1 (25%) -
Total 4 $225M

Top M&A Advisors

Financial Deals
Lazard Ltd.
1
Evercore Group LLC
1
J.P. Morgan Securities LLC
1
Legal Deals
Simpson Thacher & Bartlett LLP
4
Conyers Dill & Pearman
1
Sidley Austin LLP
1

Deal Values

buy # Total
> $1B 3 $14.4B
TOTAL $14.4B
Largest Astound Broadband
$8.1B (2020-11-01)
sell # Total
$100M to $1B 1 $225M
TOTAL $225M
Largest Casper Crude to Rail LLC
$225M (2015-10-12)

M&A Connections

Deals
Acquired from
Investor(s)
25%
5 (25%)
Strategic(s)
5%
1 (5%)
Exited to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

 Subscribe to unlock this and 169,048
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.2K Private Equity Firms
  • 158K M&A Transactions
  • 165K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.3K M&A Advisors
    (Investment Banks and Law Firms)
  • 57K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.