IntelliTAD #18: $725B in AI Capex, Foreign Equity, and a Closing Window

Hyperscaler capex hits $725 billion, foreign capital moves into ITAD’s origination layer, and CIOs face a broken refresh-cycle budget — plus the macro and geopolitical risks behind ITAD’s 90-day window.

ITAD M&A Activity: Transaction Trends, Buyer Strategy and Market Direction

Twenty-two ITAD transactions closed between October 2024 and July 2026. Deal frequency held flat year over year, but composition shifted: private equity platforms moved from opportunistic bolt-ons to stated, multi-deal roll-up programs, buyers began acquiring governance and program-management capability alongside processing capacity, and materials companies with no prior ITAD history took equity positions tied directly to data-center hardware lifecycle value.

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