Macquarie Asset Management completed the acquisition of a majority stake in DynaGrid Holdings from BBH Capital Partners.

Macquarie Asset Management, an Australian global financial services group, completed the acquisition of a majority stake in DynaGrid Holdings, one of the largest independent providers of subgrade and sitework services for electric utility transmission infrastructure, from BBH Capital Partners, a capital market company. Financial terms were not disclosed. "This investment is an exciting first step in growing our specialized strategy. Given positive structural tailwinds in the infrastructure sector, we believe DynaGrid is poised for significant growth and can benefit from our specialized expertise," Andrew Olinick Macquarie Asset Management Senior Managing Director.