Valterra Partners

Valterra Partners

Valterra was founded in 2015 by Scott Macintosh and Drew Reid, who previously built Macquarie Capital’s US Principal Transactions Group into a portfolio valued at over $1 billion. The partners trace their shared strategy to 2006, when they began deploying Macquarie’s balance sheet into private equity opportunities tied to infrastructure themes. That institutional origin — merchant banking inside an infrastructure giant — shapes the firm’s posture as an operator of growth-stage infrastructure-adjacent businesses rather than a passive core-infrastructure holder. The firm writes equity checks of $25–100 million into US-based companies operating at the first derivative of traditional infrastructure. Its current portfolio spans three verticals. In digital and communications infrastructure, Valterra has assembled a cluster of data-center and hosting businesses that include Hivelocity, ColoHouse, Lume Cloud, Data102, TurnKey Internet, and Steadfast — a roll-up-like bet on bare-metal servers, colocation, and cloud services across more than 40 locations on six continents. In transportation and logistics infrastructure, the firm backs Aero Aggregates of North America, a Philadelphia-based manufacturer of foamed glass aggregate made from 100% recycled curbside glass for infrastructure construction. In energy transition, the strategy extends to businesses where lighter-weight, lower-carbon materials displace conventional alternatives. The firm takes an active governance role on every position, with investment team members serving on portfolio company boards. Valterra operates from Austin, Texas, with a team that includes Managing Director Kevin Reed, who joined from Wellspring Capital Management after earlier working alongside Macintosh and Reid at Macquarie. The roster of senior advisors includes Robert Bertagna, former Vice Chairman and Head of M&A at Macquarie Capital, and Clint Lohman, a serial operator with three decades of experience in enterprises tied to energy logistics. The website discloses that senior advisors and operating partners are third-party consultants compensated by the fund or portfolio companies. The firm publicly reports $260+ million in assets under management. Structurally, Valterra occupies a hybrid lane: it is neither a pure-play infrastructure fund chasing core toll-road and utility assets, nor a generalist middle-market private equity firm. Its Macquarie lineage gives it infrastructure fluency, but its deal size and operational intensity place it closer to growth buyouts — a niche that suits family offices and institutional allocators seeking infrastructure exposure with a value-creation engine attached.