Olympus-backed Accelevation files for US IPO

• Accelevation's revenue surged to $448 million in 2024 from $181 million the prior year, while net income more than doubled to $21.8 million
• The company has a backlog of approximately $1.1 billion as of June 30, 2025, indicating strong future demand
• Morgan Stanley, J.P.Morgan, Goldman Sachs, Barclays, and BofA Securities are underwriting the offering, which joins a strengthening IPO market in 2025

Olympus-Backed Accelevation Files for US IPO

Accelevation, a data center infrastructure firm backed by private equity firm Olympus Partners, filed for a U.S. initial public offering on Wednesday, September 2, positioning itself to capitalize on surging investor interest in companies supporting the artificial intelligence boom.

Company Profile:

Founded in 2017 by CEO Michael Rubiera, Accelevation provides power distribution and deployment infrastructure for data center customers. Olympus Partners acquired the company in January 2025.

Financial Performance:

The company demonstrated strong growth metrics:

• Revenue for year-end December 31: $448 million, up from $181 million the prior year (147% increase)
• Net income: $21.8 million, more than doubling year-over-year
• Current backlog as of June 30: approximately $1.1 billion

Market Context:

The IPO filing reflects broader momentum in the new listings market, driven by robust investor appetite for AI-related infrastructure plays. Companies serving data center needs are experiencing heightened demand as capital spending accelerates across the AI sector.

IPO Details:

Accelevation plans to list on the Nasdaq under ticker symbol "ACCV." The offering is being led by a consortium of prominent underwriters including Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, and BofA Securities.

Investment Implications:

The substantial revenue growth and significant project backlog suggest strong market positioning in the expanding data center infrastructure sector, making this IPO potentially attractive for investors seeking exposure to AI-enabling technologies and infrastructure buildout trends.