Deals Counterparts

Scale acquires Reload

Acquisition Data Center announced Chicago, USA Feb 24, 2026
4.1 GW
Capacity

EQT-backed Scale has acquired Reload, a US-based provider of powered land for data centers. Terms of the deal were not disclosed.

Deal Analysis

EQT-backed Scale's acquisition of Reload, a US-based provider of powered land for data centers, represents a strategic move to expand Scale's presence in the rapidly growing data center infrastructure market. By acquiring Reload, Scale gains access to a portfolio of land suitable for data center development, potentially accelerating its ability to meet the increasing demand for data center capacity. While the financial terms of the deal were not disclosed, the acquisition underscores the continued investment and consolidation occurring within the data center sector. The acquisition is notable due to Scale's backing by EQT, a major infrastructure investment firm, indicating a strong commitment to the data center space. The deal also highlights the importance of securing powered land, a critical resource for data center development, particularly in the US market. This acquisition likely positions Scale to compete more effectively in attracting hyperscale and enterprise clients seeking reliable and scalable data center solutions. The lack of disclosed value makes it difficult to assess the deal's specific impact, but the strategic rationale is clear.
  • Scale is backed by EQT, a major infrastructure investor.
  • Reload is a US-based provider of powered land for data centers.
  • The deal highlights the importance of securing powered land for data center development.
  • The acquisition likely enhances Scale's competitive position in the data center market.
Market Context: The data center market is experiencing significant growth driven by increasing demand for cloud computing, data storage, and digital services. Securing suitable land with access to power is a key challenge for data center developers, making acquisitions like this strategically important.

Source Intelligence

KEY DETAILS

Scale was acquired by EQT Investments last January for an undisclosed amount. Quote: It was acquired by EQT Investments last January for an undisclosed amount.

Deal Size
Terms of the deal were not disclosed.
Capacity
According to its website, its leadership has structured more than 4.1GW of clean energy supply contracts directly with data center operators.
Location
Reload is headquartered in Chicago, Illinois
Announcement
February 24, 2026
PARTIES MENTIONED IN SOURCE
S
Scale buyer

"EQT-backed Scale has acquired Reload, a US-based provider of powered land for data centers."

R
Reload seller

"EQT-backed Scale has acquired Reload, a US-based provider of powered land for data centers."

E
EQT investor

"EQT-backed Scale has acquired Reload, a US-based provider of powered land for data centers."

W
Weil, Gotshal & Manges LLP advisor

"EQT was represented by Weil, Gotshal & Manges LLP"

W
Womble Bond Dickinson LLP advisor

"Scale was represented by Womble Bond Dickinson LLP."

E
Expedition Infrastructure Partners advisor

"Reload was advised by Expedition Infrastructure Partners"

G
Gibson, Dunn & Crutcher LLP advisor

"Reload was represented by Gibson, Dunn & Crutcher LLP."

high quality Enriched Feb 24, 2026

Timeline

Announced
Feb 24, 2026
Signed
Closed

Market Context

This deal is part of the Data Center sector in USA.
137
Data Center deals
206
deals in USA
1 of 129 Data Center deals tracked this month · Updated daily

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