Macquarie Asset Management has acquired a majority stake in DynaGrid, one of the largest U.S. utility services providers focused on maintaining, upgrading and building transmission and substation infrastructure. DynaGrid is headquartered in Dallas and primarily operates across the Sun Belt and Midwest.
The transaction is the first for Macquarie Asset Management’s new strategy investing in high-quality, stable businesses that provide services, products and technologies to infrastructure end markets across North America and Western Europe. The strategy will be led by Andrew Olinick, who has joined Macquarie as a senior managing director and has more than 20 years of experience investing in private businesses across the United States and Europe.
“This investment is an exciting first step in growing our specialized strategy,” said Olinick. “Given positive structural tailwinds in the infrastructure sector, we believe DynaGrid is poised for significant growth and can
