Aligned Data Centers is reportedly on the verge of a takeover by Global Infrastructure Partners (GIP) that would value the colo firm at $40 billion.

Blackrock-owned property investor GIP is said to be in advanced talks with Aligned’s current owner, Macquarie Asset Management, about an acquisition.

An announcement could be made in the next few days, according to a report from Bloomberg, which cites people familiar with the discussions.

MGX, an AI investment vehicle owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Company, could also put more money into Aligned as part of the deal. It already has a stake in the data center company.

A final agreement has yet to be struck between the companies, the report said. None of the parties involved immediately responded to requests for comment when approached by Bloomberg.

Texas-based Aligned has campuses in Chicago, Illinois; Dallas, Texas; Salt Lake City, Utah; Phoenix, Arizona; and Northern Virginia. The company has further sites in development in Maryland, Ohio, Illinois, and Virginia.

Macquarie first invested in the company in 2018.

Founded in 2006, GIP manages more than $100bn in client assets across infrastructure equity and debt, with a focus on energy, transport, water and waste, and digital sectors. BlackRock acquired GIP last year.

The company’s digital investments include data center firm CyrusOne and Vodafone tower company Vantage Towers (both in partnership with KKR). The firm has also previously provided loans to data center firm Vantage (unaffiliated with the tower company).

BlackRock also owns European data center operator Mainova Webhouse. The investor also has a $30bn 'AI Infrastructure Partnership' (AIP), which was founded in September last year with participation from Microsoft and MGX. In June 2025, the Sovereign wealth fund, the Kuwait Investment Authority, joined the AIP.