Accelevation, a data center infrastructure company backed by private equity firm Olympus Partners, filed registration documents for a U.S. initial public offering on Sept 2. The move is positioned to tap investor demand for firms seen as supporting the rapid expansion of artificial intelligence-related infrastructure.
The company supplies infrastructure and power products to data center customers, covering power distribution and deployment needs. Accelevation, founded in 2017 by Chief Executive Michael Rubiera, completed a change of ownership when Olympus Partners acquired the business in January 2025.
Accelevation reported a backlog of roughly $1.1 billion as of June 30. For the year ended December 31, the company's revenue rose to about $448 million from $181 million a year earlier. Over the same period, net income more-than-doubled to $21.8 million, reflecting recent growth in both sales and profitability.
The firm said it plans to list on the Nasdaq exchange under the ticker symbol "ACCV." Major investment banks named as underwriters for the offering include Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, and BofA Securities.
Accelevation's filing arrives amid a broader uptick in the market for new listings this year, a trend that has been driven in part by high-profile initial public offerings and a pipeline of companies pursuing public offerings. The company framed its IPO as an opportunity to access investors seeking exposure to businesses that benefit from rapid capital spending tied to the AI boom.
For prospective investors and market observers, the filing highlights several measurable indicators of Accelevation's recent trajectory: a substantial backlog, marked year-over-year revenue growth, and a material increase in net income. The company has engaged a syndicate of well-known underwriters to manage the offering and to secure a Nasdaq listing under ACCV.
While the filing notes favorable market interest in AI-related infrastructure providers, it does not project forward-looking guidance within the public filing details disclosed. The registration confirms the company's founding in 2017, its leadership under Michael Rubiera, its January 2025 acquisition by Olympus Partners, and the financial and backlog figures reported above.