Lisa Su
CEO, Advanced Micro Devices
“We are two years into a ten-year AI buildout.
American Gridwork Partners is an operator-led, permanent capital vehicle acquiring and scaling profitable, family-owned American infrastructure businesses positioned at the critical bottleneck of the grid—the execution layer. As power demand outpaces supply for next-generation AI, electrification, data, and compute, the businesses within the AGP portfolio will be the essential businesses physically restoring and modernizing the country's energy, water, and data systems—serving as the execution layer that brings the next generation of infrastructure online.
The local execution layer of the U.S. grid — electrical contractors, underground utility providers, and high-voltage specialists.
Fiber and data network builders — the secure, high-capacity backbone connecting AI, automation, and the modern grid.
Mission-critical site development for hyperscale data centers, advanced manufacturing, logistics networks, and strategic infrastructure across the Southeast.
Section 303 of the Defense Production Act now classifies America's grid infrastructure as critical to national security. Read AGP's analysis of the policy, the demand surge, and the contractor bottleneck behind it.
Read AGP's full memo →American Gridwork Partners is an operator-led, permanent capital vehicle acquiring and scaling profitable, family-owned American infrastructure businesses positioned at the critical bottleneck of the grid—the execution layer. As power demand outpaces supply for next-generation AI, electrification, data, and compute, the businesses within the AGP portfolio will be the essential businesses physically restoring and modernizing the country's energy, water, and data systems—serving as the execution layer that brings the next generation of infrastructure online.
Six specialized verticals across the U.S. infrastructure stack — the operating layer behind AI, electrification, and data.
High-voltage, motor-control, PLC, and SCADA contractors wiring the factories, plants, and process lines behind reshoring and AI-grade automation.
Self-performing crews installing water main, sewer, stormwater, and gas conduit — the most non-discretionary line item in every project.
Site prep, grading, and earthwork specialists building the foundations under hyperscaler campuses, EV plants, and reshored industrial sites.
Fiber, conduit, and data infrastructure installers — the secure, high-capacity backbone connecting AI, automation, and the modern grid.
Water-system operators installing and modernizing the pipes, pumps, and treatment plants serving residential, commercial, and municipal demand.
Solar, BESS, and behind-the-meter operators co-locating at the most power-constrained sites in America — the fastest-growing layer of the grid.
AGP applies a disciplined investment framework. Every acquisition must satisfy four primary criteria before secondary diligence even begins.
Thousands of owner-operated businesses available at attractive cash flow yields — no dominant player, no auction process.
When companies combine, synergies are immediate — shared bonding, procurement, estimating, and cross-sell across the grid.
Blended portfolio company age >8yrs · LTM EBITDA margin >15% · Maximum debt-to-equity limits · Concentration limits.
Every acquisition generates positive free cash flow on day one — no turnarounds, no projections. AGP targets businesses expected to generate sustainable returns.
Operating companies serve overlapping Southeast markets — shared mobilization, equipment, and crews reduce cost per project.
AGP retains the operators who built the business — adding capital and platform infrastructure without replacing what works, only amplifying.
Our problem is not a lack of chips, but a lack of places to plug them in.Satya Nadella CEO, Microsoft · October 2025
Compute is no longer the bottleneck. The bottleneck is physical — power, electrification, and the contractors who actually deliver it.
“We are two years into a ten-year AI buildout.
“The real bottleneck is the physical infrastructure required to deliver power.
“The next LeBron James will be an electrician.
“Computing is undergoing a fundamental shift, and it's going to require a massive buildout of infrastructure.
Regional focus drives concentrated investing into the strongest infrastructure tailwinds in the country — converging data, power, and demographic demand on the same land corridors.
Data centers, power generation, and alternative energy are converging on the same land corridors — creating multi-use asset platforms with compounding returns.
Net domestic migration to the Southeast is driving demand for housing, logistics, commercial space, and the underlying power and connectivity infrastructure.
Federal incentives, state-level tax benefits, and hyperscaler demand create a 10+ year window for first-mover advantage in infrastructure-ready site development.
