Executive with 20+ years in industrials, automation and control, and AI infrastructure. Prior operating roles at Eaton, Honeywell, Cisco, and BCG. Writes independent analysis of the physical and commercial infrastructure behind AI. Advises PE sponsors, hyperscaler strategy teams, industrial acquirers, management consulting firms, and equity research on both commercial and technical diligence.
Capacity vs demand, yield analysis, IP audit across four categories, and tier 1/tier 2 supply chain audit. Where technical DD tests the product, this workstream tests the business making it.
The fourteen essays inverted for target-side perspective. What a founder, CEO, or sell-side team should prepare before the process opens so DD Week 1 is signal-dense, not evidence-scramble.
250+ questions organised by DD workstream and AI Power Chain layer. Downloadable reference the fourteen essays produce in aggregate. Meant to be lifted and adapted for your deals.
The Investment Layer scorecard flagged single-tenant concentration risk on the Oracle-OpenAI structure pre-close. In March 2026 that exact risk materialised. Oracle and OpenAI dropped the expansion; Microsoft stepped in to lease the dropped capacity. RESTRUCTURE, with realized-prediction validation.
The wired-recourse mechanic in market-tested form. High uncontracted principal at maturity, but CoreWeave's parent guarantee absorbs at Ba2/BB+ corporate credit. AMBER on the framework's 2x2, not RED. The distinction most credit coverage misses.
Walking the September 2024 Blackstone + CPP acquisition of AirTrunk through both AI infrastructure scorecards. LOW physical + LOW thesis + GREEN veto = UNDERWRITE (Premier). The calibration anchor for what a clean deal scores on the framework.
Three tests: current product against customer specs, roadmap credibility by evidence tier, differentiation audit against decision thresholds. Plus bench work priorities per layer.
Where market DD tests the demand base, this workstream tests what the target captures from it. Concentration decomposition, pricing power diagnosis, twelve-month competitive move tracking.
The workstream that tests whether the demand the target sells into is what the CIM says it is. Bottom-up TAM, growth vintage decomposition, and cyclicality benchmarking.
The Layer 4/5 interface. Where the sidecar power rack meets the IT rack 48V busbar. Is the connector-engineering choke point of the AI-density facility. 400+ ampere continuous current at 48V DC. Blindmate operation required. Failure mode is fire. Three vendors dominate (TE Connect
The sidecar power rack is the specific Layer 4 architecture that OCP Mt. Diablo (v0.7.0, March 2026) established as the reference for hyperscaler AI-density deployments. Physical separation of rack-level power conversion (800V DC to 48V DC) from the IT compute rack. Enables specialised thermal
The solid-state transformer (SST) is consequential piece of equipment in the 800V DC architecture. Four Western vendors (Eaton, Schneider, ABB, Hitachi Energy) plus three credible Chinese entrants (CRRC, BYD, TBEA) constitute the entire universe. Silicon carbide device concentra