Expedition Infrastructure Partners Supports OTG Acquisition Corp. I, a Newly Closed $230 mm SPAC Targeting the Digital Infrastructure Ecosystem
Rhea-AI Summary
OTG Acquisition Corp. I (NASDAQ: OTGAU) has successfully completed a $230 million initial public offering, with Expedition Infrastructure Partners (XIP) serving as strategic institutional advisor. The SPAC is targeting acquisitions in the Digital Infrastructure Services sector, focusing on established companies providing essential services in IT infrastructure, power systems, connectivity, and data center operations.
Led by CEO Scott Troeller, who is also the Founder and Managing Partner of XIP, OTG aims to capitalize on the growing demand for computing power, connectivity, and energy management driven by AI and data proliferation. The company's board includes industry veterans Wes Cummins, Richard Nottenburg, and Steven Siesser, bringing extensive operational, investment, and strategic experience to identify potential acquisition targets.
Positive
- Successfully raised $230 million in IPO funding
- Strategic focus on high-growth digital infrastructure sector driven by AI and data proliferation
- Experienced leadership team with deep industry relationships and operational expertise
- Targeting established companies in essential digital infrastructure services
Negative
- No specific acquisition target identified yet
- SPAC structure carries inherent risks of not finding suitable merger target within deadline
- Operating in highly competitive digital infrastructure market
News Market Reaction
On the day this news was published, OTGAU gained 0.15%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
OTG intends to focus on established companies that provide essential products and services in areas such as IT infrastructure, power systems, connectivity, environmental controls, IT services, and engineering and construction — the foundational building blocks supporting the creation and operation of next-generation data centers.
"The digital infrastructure market is at a pivotal inflection point," said Scott Troeller, CEO of OTG and Founder and Managing Partner of Expedition Infrastructure Partners. "We believe the massive demand for computing power, connectivity, and energy management required to support AI and the grow of data will create extraordinary opportunities for businesses operating at the core of these ecosystems."
Backed by a team with decades of operational, investment, and strategic experience, OTG will leverage its deep industry relationships to identify attractive acquisition opportunities. The team's track record spans leadership in telecommunications infrastructure, power development and infrastructure services business as private equity investors and business executives, which uniquely positions them to engineer a transaction intended to create value for investors.
XIP will work closely with its strategic partners and OTG board of directors — including Wes Cummins, Richard Nottenburg, and Steven Siesser — to source and execute a transaction in a company well-positioned to thrive in today's rapidly evolving digital landscape.
"We appreciate the conviction investors have in our strategy and expertise by investing in OTG's initial public offering," Troeller added. "We see significant potential to build a scalable platform that not only supports the digital backbone of the economy but also delivers meaningful long-term value to OTG's shareholders."
Inquiries
Scott Troeller
Scott@xipllc.com
(917) 488-5629
About Expedition Infrastructure Partners
Expedition Infrastructure Partners ("XIP") is a merchant banking platform specializing in critical infrastructure and adjacent markets. We partner with clients and portfolio companies through both strategic advisory and principal investing, providing deep sector expertise, transaction know-how, and long-term, flexible capital. XIP focuses on next-generation infrastructure — including power, connectivity, data centers, environmental controls, engineering & construction, and their supporting ecosystems — aiming to unlock value by leveraging strong relationships, domain experience, and an investor's mindset.
About OTG Acquisition Corp. I
OTG Acquisition Corp. I (NASDAQ: OTGAU) is a newly formed special purpose acquisition company focused on the rapidly expanding Digital Infrastructure Services sector. Led by an experienced management team and board with decades of investment, operational, and transactional expertise, OTG intends to identify and combine with an established, scalable business that provides mission-critical products and services supporting data centers, power, connectivity, environmental controls, IT infrastructure, and engineering and construction. With deep industry relationships and proven value-creation experience, OTG intends to capitalize on the accelerating demand for digital infrastructure services driven by cloud adoption, generative AI, and high-performance computing.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including, but not limited to, with respect to the anticipated use of the proceeds of OTG's initial public offering. No assurance can be given that the proceeds of the initial public offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of XIP and OTG, including those set forth in the Risk Factors section of OTG's registration statement and final prospectus for its initial public offering filed with the Securities and Exchange Commission (the "SEC"). Copies are available on the SEC's website, www.sec.gov. XIP and OTG undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE Expedition Infrastructure Partners, LLC
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