Accelevation Holdings Corp., founded in 2017 by Michael and Shawn Rubiera and based in Miamisburg, Ohio, makes infrastructure, thermal management, and power products that help large-scale data center owners and operators quickly build new capacity. For the six months ended June 30, 2026, the company posted net income of $18.8 million on revenue of $437.5 million, and held a backlog of contracts and purchase orders worth approximately $1.1 billion.
Acquirers: Olympus Partners (existing majority shareholder); offering led by Morgan Stanley and JPMorgan Chase
At a prospective market value of $5.4 billion, the Accelevation IPO adds to a wave of data center infrastructure listings in 2026, joining Innio NV and Madison Air Solutions Corp., which each raised more than $2.5 billion. The deal tests whether public markets will continue to reward data center supply-chain companies at elevated valuations, particularly those with heavy customer concentration, as Accelevation derived about 61% of its direct revenue from just two customers last year.