26North Partners has agreed to acquire Intermedia Intelligent Communications, a Sunnyvale, California-based provider of AI-powered cloud communications, collaboration and customer engagement solutions. The seller is Madison Dearborn Partners, a prominent private equity firm. No financial terms were disclosed in the announcement.

The transaction is expected to close in the second quarter of 2026. This acquisition highlights 26North's continued focus on technology investments within the communications sector, potentially expanding its portfolio in AI-driven enterprise solutions. Intermedia's expertise in AI-powered tools could provide synergies for 26North's existing portfolio companies.