Overview
- DigitalBridge has signed a definitive agreement to buy ArcLight Capital Partners for $1.05 billion, creating a combined platform the companies say will hold more than $150 billion in assets.
- The transaction is conditioned on a previously announced purchase of DigitalBridge by a SoftBank affiliate, so the ArcLight deal will not close until that earlier acquisition completes.
- ArcLight will remain a separately managed business inside the combined group with Daniel Revers named vice chairman of DigitalBridge, Angelo Acconcia continuing as ArcLight’s managing partner, and Jake Erhard becoming senior partner.
- ArcLight brings decades of power experience, saying it has owned or operated over 70 gigawatts of generation and overseen about 48,000 miles of transmission and storage infrastructure valued by the firm at roughly $90 billion.
- Executives say the tie-up targets a growing bottleneck in reliable power for data centers and AI compute, and next steps to watch include regulatory clearances, financing conditions, and the timing of SoftBank’s acquisition of DigitalBridge.