DigitalBridge Group has agreed to acquire ArcLight Capital Partners, a North American power and electric infrastructure investment firm, for up to $1.05 billion.
The transaction value includes a base purchase price of $650 million, plus up to $400 million in contingent consideration. The combination would create an alternative asset manager focused on the convergence of power, AI and digital infrastructure, with combined assets of more than $150 billion.
ArcLight, founded in 2001, has owned, controlled or operated more than 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 firm operates a private power generation portfolio and development pipeline in North America, supported by an 85-person power development organization with a pipeline exceeding 15 gigawat
