Goldman lines up data center contractor Divcon for sale; TPG buys Smith + Howard
What's the deal?
Goldman Sachs Asset Management (GSAM) is preparing to sell Divcon, a data center power engineering contractor, according to sources. Separately, Broad Sky has closed the sale of professional services firm Smith + Howard to TPG.
Why now?
The two transactions signal continued deal flow across private equity's infrastructure and professional services portfolios. Terms of either deal were not disclosed.
The signal:
Data center demand keeps drawing investor attention to the contractors and engineering firms that build and power them, while professional services remains a steady target for buyout firms like TPG.
Read more: Alpha Maven
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Source: dealroom
