DigitalBridge to Acquire ArcLight, Forming a Leader in AI-Driven Digital Infrastructure
DigitalBridge announced a definitive agreement to acquire ArcLight for up to $1.05 billion (base $650 million, with up to $400 million in contingent consideration), creating a leading alternative asset manager at the convergence of power, AI, and digital infrastructure. ArcLight will operate as a separately managed business within DigitalBridge; completion is contingent on regulatory approvals and the closing of SoftBank Group’s pending DigitalBridge acquisition. The combined platform will manage more than $150 billion in assets; ArcLight brings 70 GW of generation assets and 48,000 miles of transmission/storage, plus an extensive development pipeline. Leadership changes include ArcLight founder Daniel Revers becoming DigitalBridge Vice Chairman; Angelo Acconcia as Managing Partner of ArcLight; and Jake Erhard as Senior Partner. The deal aims to accelerate investment in compute, connectivity, and power for AI infrastructure across North America and beyond.