Marktlink → Sectors → Other → Infrastructure
- Updated February 27, 2026
Government spending and energy transition fuel sustained demand
Infrastructure M&A benefits from unprecedented government spending programs and structural energy transition demand. Digital infrastructure commands premium valuations driven by AI and data center growth. Renewable energy assets with long-term PPAs attract infrastructure funds seeking contracted, inflation-linked cash flows. Traditional utilities and environmental services offer stable returns with circular economy upside.
Jeroen van den Berg
“Infrastructure is the sector where government policy directly creates deal flow. The EUR 500B German infrastructure fund, EU energy transition mandates, and data center demand are not cyclical trends — they are structural commitments that will sustain M&A for a decade. For mid-market sellers, the key is demonstrating contracted revenue and regulatory positioning. Infrastructure buyers think in decades, not quarters.”
Valuation Development
Infrastructure valuations corrected on rate hikes in 2022-23, then recovered strongly on government spending and energy transition demand.
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