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

Insights

SPAC and IPO Specialist

OTG's $230M SPAC IPO targets digital infrastructure acquisitions amid AI and data growth, led by experienced industry executives.

OTG Acquisition Corp. I has successfully raised $230 million in its initial public offering, establishing itself as a blank-check company with a focused strategy on the digital infrastructure sector. This SPAC is strategically positioning itself at the intersection of several powerful market trends - explosive data growth, artificial intelligence adoption, high-performance computing demands, and expanding connectivity needs.

The company's targeting strategy is particularly noteworthy for its specificity. Rather than pursuing broad technology targets, OTG is focusing on established businesses that provide the essential building blocks for data centers and digital infrastructure: IT infrastructure, power systems, connectivity solutions, environmental controls, IT services, and engineering/construction capabilities. This targeted approach reduces search complexity while still maintaining a diverse opportunity set within a high-growth sector.

Leadership quality is a critical factor in SPAC success, and OTG brings significant relevant expertise. CEO Scott Troeller's dual role as Founder and Managing Partner of Expedition Infrastructure Partners (XIP) suggests deep sector knowledge and established industry relationships. The board includes individuals with telecommunications infrastructure and private equity backgrounds, providing complementary skill sets for target identification and post-acquisition value creation.

As with all SPACs, investors should recognize that OTG is essentially a capital pool with a two-year window to identify and complete an acquisition. The $230 million raise indicates strong initial investor confidence, but the ultimate success depends entirely on management's ability to identify and close a transaction with a quality target at reasonable valuation terms.

NEW YORK, Sept. 17, 2025 /PRNewswire/ -- Expedition Infrastructure Partners ("XIP") is pleased to announce its role as strategic institutional advisor to OTG Acquisition Corp. I (NASDAQ: OTGAU, "OTG"), which has raised $230 million in its recently closed initial public offering. OTG is targeting businesses across the Digital Infrastructure Services sector, a market experiencing unprecedented growth driven by data proliferation, artificial intelligence, high-performance computing, and ubiquitous connectivity.

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

FAQ

How much did OTG Acquisition Corp. I (OTGAU) raise in its IPO?

OTG Acquisition Corp. I raised $230 million in its initial public offering.

What is the investment focus of OTG Acquisition Corp. I (OTGAU)?

OTG focuses on acquiring businesses in the Digital Infrastructure Services sector, specifically targeting companies providing IT infrastructure, power systems, connectivity, environmental controls, and data center operations services.

Who is leading OTG Acquisition Corp. I (OTGAU)?

The SPAC is led by Scott Troeller, who serves as CEO and is also the Founder and Managing Partner of Expedition Infrastructure Partners.

Who are the key board members of OTG Acquisition Corp. I (OTGAU)?

The board includes industry veterans Wes Cummins, Richard Nottenburg, and Steven Siesser, working alongside Expedition Infrastructure Partners.

What market opportunities is OTG Acquisition Corp. I (OTGAU) targeting?

OTG is targeting opportunities driven by AI, data proliferation, high-performance computing, and ubiquitous connectivity in the digital infrastructure market.