Accelevation Holdings Corp., an Ohio-based provider of data center infrastructure, has filed for an initial public offering with the U.S. Securities and Exchange Commission. The company, which designs, manufactures, and installs power distribution and other critical infrastructure for AI and cloud computing facilities, reported approximately $1.1 billion in backlog as of June 30, 2026, following 147% revenue growth in 2025.
The company plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ACCV. The preliminary registration statement does not specify the number of shares to be offered, the anticipated offering price, or the amount the company expects to raise.
Accelevation provides integrated infrastructure solutions for hyperscale, colocation, artificial intelligence, cloud computing, and other large-scale data center customers. Its products include power distribution equipment, modular infrastructure, thermal management solutions, and data center white-space infrastructure.
The company’s operating model integrates design, manufacturing, and installation, allowing customers to consolidate projects that would otherwise require multiple suppliers. Accelevation manufactures components in controlled factory environments to reduce on-site construction requirements and accelerate infrastructure deployment.
The filing reveals substantial growth as demand for AI computing infrastructure continues to expand. Revenue increased from $181.4 million in 2024 to $447.8 million in 2025, representing approximately 147% year-over-year growth.
During the first six months of 2026, Accelevation generated $437.5 million in revenue, compared with $158.6 million during the corresponding period in 2025. Its adjusted EBITDA reached $68.4 million, compared with $26.8 million a year earlier.
The company reported $19.3 million in net income during the first half of 2026 and had approximately $647.8 million in outstanding debt as of June 30, 2026.
Its backlog increased substantially, reaching $1.11 billion at the end of June 2026, compared with $419.3 million at the end of 2025. The backlog reflects contracted and other qualifying work that the company expects to recognize as revenue as projects progress.
Accelevation is backed by Olympus Partners, which acquired control of the business in January 2025. Olympus is expected to retain a controlling voting interest following the IPO.
The company intends to use a portion of the offering proceeds to repay outstanding debt and support its corporate structure. Existing shareholders are also expected to sell shares in the transaction, although Accelevation will not receive proceeds from those secondary sales.
The IPO filing comes as Accelevation targets a data center infrastructure market that it estimates could grow from $22 billion in 2025 to approximately $80 billion by 2030, driven by investment in AI infrastructure, hyperscale computing, and increasingly power-intensive data centers.
Support: Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, BofA Securities, Houlihan Lokey, Baird, William Blair, Piper Sandler, and Wolfe | Nomura Alliance are listed among the offering’s underwriters.
