Blackstone Takes Significant Minority Stake in Data Center Developer Rowan
April 10, 2026
In a move underscoring sustained investor confidence in digital infrastructure, global investment giant Blackstone has acquired a significant minority stake in Rowan Digital Infrastructure. The transaction highlights the critical role of power availability and strategic site selection in scaling data center capacity to meet the explosive demand from hyperscale cloud providers.
Funds affiliated with Blackstone finalized the investment this week, as announced by investment manager Quinbrook Infrastructure Partners, a co-founder of Rowan. While the specific financial terms were not disclosed, the deal follows earlier reports valuing Rowan at approximately $3.8 billion, excluding debt, for a 49 percent stake. The capital infusion is earmarked to accelerate Rowan's development pipeline and expand capacity for hyperscale clients across its existing and new sites in the United States.
Rowan, established in 2021 by Quinbrook and Birch Infrastructure, has positioned itself as a developer focused on locations with secured power access—a increasingly scarce and valuable commodity. Its portfolio includes projects in Maryland, Oregon, and Texas, near Temple and San Antonio. The University Pension Plan Ontario is also an investor in the company.
Charley Daitch, CEO of Rowan, stated, "This investment positions Rowan to continue delivering sustainable data center capacity for the world's leading technology companies. Blackstone's investment is a strong vote of confidence in our differentiated approach and our ability to execute complex projects at scale — particularly where power availability, accelerated timelines, and community alignment are critical to success."
David Scaysbrook, Managing Partner of Quinbrook and Chairman of Rowan, added, "We are delighted that Blackstone is investing in Rowan. As one of the world's leading investors in digital infrastructure and energy, they are ideally placed to help us continue Rowan's remarkable growth story." He emphasized the firm's focus on developing power and infrastructure solutions tailored to the urgent needs of hyperscale operators.
The investment expands Blackstone's already substantial footprint in the data center sector, which includes past acquisitions like QTS and AirTrunk, stakes in companies such as Vnet and Lumina CloudInfra, and several joint ventures. For Rowan, the partnership with Blackstone provides not only capital but also strategic leverage to navigate the complex power and development landscape, signaling a significant phase in its growth trajectory within the competitive North American market.
Source: datacenterdynamics
