I Squared Capital

I Squared Capital is an independent private equity firm specializing in infrastructure investments across various sectors, including energy, utilities, telecommunications, and transportation. The company operates globally, with a focus on North America, Europe, Asia, and Latin America. By concentrating on these critical sectors, I Squared Capital aims to identify and capitalize on opportunities that enhance infrastructure development and efficiency in diverse markets.

Ross Berger

Vice President

Peter L. Corsell

Partner

Timothy Formuziewich

Managing Director

Manish Prakash

President and Chief Business Officer

David Rosenblum

Credit Fund Partner

Past deals in Storage Services

1NCE

Venture Round in 2025
1NCE is a global IoT connectivity provider that delivers secure cellular connectivity and related software services for Internet of Things applications. It offers a flat-rate model across 140 countries, designed to simplify budgeting for IoT deployments. The company provides a one-off payment option for a ten-year service period, enabling affordable, long-term connection for devices used in utilities, asset tracking, vehicle telematics and other sectors. In addition to connectivity, 1NCE supplies software services and lifecycle device management to support secure data collection, deployment, monitoring and decommissioning of connected devices. Founded in 2017 and headquartered in Cologne, Germany, 1NCE serves a worldwide set of customers with scalable IoT solutions.

Philippine Coastal Storage and Pipeline

Acquisition in 2024
PCSPC operates petroleum storage and pipeline facilities at former US military bases in the Philippines. It offers marine terminal, storage terminal, and tank truck loading operations for clients seeking reliable fuel storage and pipeline systems.

WOW Logistics

Acquisition in 2024
WOW Logistics is a logistics company headquartered in Neenah, Wisconsin, specializing in multi-temperature warehousing services. Founded in 1977, the company provides a range of solutions including operations management, real estate development, and commodity purchasing, with a strong emphasis on food safety. WOW Logistics operates a substantial portfolio of 6 million square feet of warehouse space across 11 locations in two states, featuring 22 million cubic feet of refrigerated storage. Their facilities support food-grade ambient, refrigerated, and freezer warehousing, all managed through a state-of-the-art warehouse management system. In addition to warehousing, the company offers transportation services and trade finance programs, positioning itself as a comprehensive partner for supply chain management.

1NCE

Venture Round in 2022
1NCE is a global IoT connectivity provider that delivers secure cellular connectivity and related software services for Internet of Things applications. It offers a flat-rate model across 140 countries, designed to simplify budgeting for IoT deployments. The company provides a one-off payment option for a ten-year service period, enabling affordable, long-term connection for devices used in utilities, asset tracking, vehicle telematics and other sectors. In addition to connectivity, 1NCE supplies software services and lifecycle device management to support secure data collection, deployment, monitoring and decommissioning of connected devices. Founded in 2017 and headquartered in Cologne, Germany, 1NCE serves a worldwide set of customers with scalable IoT solutions.

Transportation Equipment Network

Acquisition in 2021
Transportation Equipment Network encompasses the operations of Star Leasing, CTL, Cooling Concepts, and NETS Leasing, delivering comprehensive solutions for the semi-trailer industry. The company specializes in trailer leasing and fleet management, offering services such as custom breakdown data reporting, analytics, and lease maintenance. Additionally, Transportation Equipment Network provides emergency trailer breakdown and repair management services, enhancing operational efficiency for its clients. Their mobile application facilitates real-time requests for roadside assistance and tracking of repairs, enabling businesses to improve productivity and reduce costs. By addressing trailer breakdown issues and offering tailored services, Transportation Equipment Network positions itself as a leader in the transportation equipment sector.

Rubis Terminal

Private Equity Round in 2020
Rubis Terminal is distribution of petroleum products and bulk-liquid storage.

Pinnacle Midstream II

Acquisition in 2017
Pinnacle Midstream II, LLC is a Houston-based company that specializes in providing comprehensive midstream services to oil and gas producers. Founded in 2019, the company offers a range of services including natural gas gathering and processing, crude oil gathering and stabilization, transloading and storage, as well as produced water gathering and saltwater disposal. Pinnacle Midstream II focuses on creating strategic partnerships with producers to enhance the efficiency and value of their operations. By implementing tailored solutions for compression, treatment, processing, and dehydration, the company aims to ensure the maximum market value for its clients' oil and gas products. Its agile approach enables faster delivery of resources to the market, thereby increasing revenue potential for its partners across various North American basins.
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