The Four Industrial Revolutions

Target businesses are powering the fourth revolution.

Every prior industrial revolution rode on a new physical infrastructure. AI, automation, and the digital economy depend on a grid, water, and data backbone that doesn't yet exist at the scale required.

1st Revolution
Steam · Power Rail · Steel
Mechanization
2nd Revolution
Electricity · Assembly Line · Engine
Mass Production
3rd Revolution
Computers · Digital Tech · Internet
Information
4th Revolution
AI · Cyber-Physical Processing
Digital Economy
1760
1870
1969
Today
Three Core Infrastructure Grids

AI & electrification are forcing
a rebuild of three core U.S.
infrastructure grids.

AGP is investing in the modernization of all three.

01 · Data Grid

Fiber, conduit, and data centers.

The connectivity backbone for AI workloads, hyperscale compute, and the digital economy.

02 · Energy Grid

Generation, transmission, distribution.

Power systems supporting electrification, industrial demand, and the load curve of AI infrastructure.

03 · Water Grid

Pipes, pumps, and pressure systems.

The underground utility layer delivering clean water, wastewater removal, and pressure infrastructure.

The 4th Industrial Revolution

The Infrastructure Behind the 4th Industrial Revolution

The 4th Industrial Revolution — driven by AI, electrification, automation, and data — is creating unprecedented demand for power, connectivity, and physical infrastructure.

Infrastructure Spend by Sector
U.S. cumulative deployment, 2024–2030E ($T)
Grid Modernization 34% of total spend $2.5T
$4.5T
Infrastructure Investment Gap
160%
Data Center Power Demand Growth by 2030
38%
U.S. Grid Assets Past Design Life
Market Reality
"Our problem is not a lack of chips — it's a lack of infrastructure to deploy them."
— Satya Nadella, CEO, Microsoft
Market Response · Dan Ives Wedbush AI Power & Infrastructure ETF
"As AI adoption accelerates, energy and infrastructure are emerging as critical bottlenecks…"
— Cullen Rogers, CIO, Wedbush Fund Advisors

"Wedbush Fund Advisers has launched the Dan Ives Wedbush AI Power & Infrastructure ETF (Ticker: IVEP), which it says will give advisors exposure to the companies powering the AI boom."

Source: Wedbush Fund Advisors. American Gridwork Partners Investment Research Group. EIA Annual Energy Outlook 2024, Goldman Sachs Research, McKinsey & Company.

Electrifying America

Acquiring the execution layer
to support the electrical grid

Section 303 of the Defense Production Act has been activated. The White House has formally designated grid infrastructure as essential to national defense — AGP owns the contractors that install, repair, replace, and connect the physical systems behind America's power grid.

Target Components
  • Transformers
  • Transmission lines & conductors
  • Substations & high-voltage breakers
  • Power electronics & relay systems
  • Capacitor banks & electrical core steel
The Execution Stack
Demand Surge
AI / Data
EV / Elec
Reshoring
Utilities · Developers · Hyperscalers
⚠ Execution Bottleneck
AGP Owns This Layer
Electrical · Underground Utility · Fiber / Data
6 Operating Companies · Southeast Footprint
Where AGP Is Focused

AGP is acquiring specialized contractors in the Southeast that install, repair, replace, and connect the physical systems powering AI, data centers, and the modern economy.

Substations
& High-Voltage
Transmission
Lines & Towers
Fiber
& Data Networks
Last-Mile
Power Delivery

AGP is not betting on demand. AGP is acquiring the companies required to deliver it.

Source: White House Presidential Determination, April 20, 2026 (Section 303, DPA) · AGP Investment Research

Answering the Call

Institutional capital is following the infrastructure thesis.

The most consequential allocators in the world have publicly identified the same secular tailwinds AGP is acquiring against — power, AI, electrification, and the physical buildout that supports them.

Larry Fink Chairman & CEO, BlackRock · July 2025
Infrastructure investing is at the beginning of a golden age… we believe there is a need for trillions of dollars of investing in infrastructure related to our power grids, AI, the whole digitization of our economy…
BlackRock All Roads Lead to Infrastructure Report · 2025
By one estimate, global demand for infrastructure investment will total U.S. $68 trillion between now and 2040. This capital may come from governments, and both private & public markets, to fund many of the power plants, data centers, gas pipelines, and ports that are needed.
Jamie Dimon Chairman & CEO, JPMorganChase · 2023
Public commitment to and investment in energy-related infrastructure is one of the most important parts of combating the climate crisis and running their businesses. Supporting the buildout of energy-related infrastructure with speed and scale is critical.
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