Key Takeaways
- • Goldman Sachs Asset Management (GSAM) is preparing to sell Divcon, a data center power engineering and contractor firm, according to sources cited in PE Hub's exclusive reporting.
- • Broad Sky Capital has completed its sale of professional services firm Smith + Howard to TPG, marking a closed transaction in the PE market.
- • The Divcon sale represents GSAM's divestiture of infrastructure-adjacent assets amid continued portfolio optimization in the data center sector.
- • Multiple portfolio exits signal ongoing M&A activity in specialized services verticals supporting critical infrastructure, including data centers and professional services.
Summary
Goldman Sachs Asset Management is lining up Divcon, a data center power engineering and contractor firm, for sale, according to exclusive reporting from PE Hub. The transaction represents another infrastructure-focused divestiture by the major asset manager as it continues to refine its portfolio holdings in the competitive data center services market.
In a parallel transaction, Broad Sky Capital has closed its sale of Smith + Howard, a professional services firm, to TPG. The deal completion underscores sustained institutional investor interest in professional services platforms as consolidation targets, with TPG adding to its existing portfolio of services-oriented businesses.
These concurrent transactions reflect broader trends in alternative asset management, where firms are actively executing exits and reallocating capital across infrastructure, services, and technology-enabled business models. The data center sector continues to attract significant capital given accelerating demand for computational infrastructure, while professional services remain attractive consolidation vehicles for large PE sponsors seeking scalable platforms with recurring revenue characteristics.
In a parallel transaction, Broad Sky Capital has closed its sale of Smith + Howard, a professional services firm, to TPG. The deal completion underscores sustained institutional investor interest in professional services platforms as consolidation targets, with TPG adding to its existing portfolio of services-oriented businesses.
These concurrent transactions reflect broader trends in alternative asset management, where firms are actively executing exits and reallocating capital across infrastructure, services, and technology-enabled business models. The data center sector continues to attract significant capital given accelerating demand for computational infrastructure, while professional services remain attractive consolidation vehicles for large PE sponsors seeking scalable platforms with recurring revenue characteristics.
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