EQT Corp. buys $3b digital infrastructure property owner

EQT Active Core Infrastructure Fund, managed by EQT, and Canada’s Public Sector Pension Investment Board have plans to acquire Radius Global Infrastructure in a transaction valued at a total enterprise value of approximately $3 billion.

Radius owns and acquires critical digital infrastructure, including ground, tower, rooftop and in-building cell sites, in more than 20 countries across the Americas, Europe and Australia. Radius' portfolio of approximately 9,000 leases across nearly 7,000 sites serves more than 200 customers. The company achieved $157.6 million in annualized in-place rents as of the end of 2022.

“We believe Radius is well positioned to benefit from the market's growing need for critical digital infrastructure, accelerated by growing global mobile network data traffic, 5G densification of cell networks, IoT and new technologies. Radius' sites serve as a critical element for cell tower and telecom companies and the company is poised to benefit from th