Macquarie Takes Majority Stake in Utility Services Provider DynaGrid 

Macquarie Asset Management has acquired a majority stake in DynaGrid Holdings, a Dallas-based utility services provider that primarily operates in the Sunbelt and Midwest regions. This marks the first investment under Macquarie’s new strategy, which focuses on businesses that serve infrastructure markets across North America and Western Europe. 

The initiative will be led by Andrew Olinick, who recently joined Macquarie as senior managing director. He brings over two decades of private investment experience, including serving as a managing director at LionTree Asset Management and as an associate at VSS. 

“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 benefit from our specialized expertise.” 

Macquarie noted that the investment comes at a crucial time for U.S. infrastructure development. According to the American Society of Civil Engineers (ASCE), the country will need $7.4 trillion in infrastructure investment between 2024 and 2033, covering both maintenance and upgrades. 

The latest acquisition follows the firm’s recent commitment of up to $5 billion in preferred equity financing to Applied Digital, supporting the expansion of high-performance computing data centers across North America. 

Macquarie Asset Management currently manages $633.7 billion in assets across real assets, real estate, credit, and equities & multi-asset investments. 

Harris Williams served as financial advisor to Macquarie Asset Management in the transaction, while Guggenheim Securities advised DynaGrid.