Apollo Global Management to Acquire Argo Infrastructure Partners

Apollo Global Management, Inc. (NYSE:APO) has entered into an agreement to acquire Argo Infrastructure Partners LP on January 13, 2025. The consideration will be paid by Apollo Global Management, Inc. (NYSE:APO) in stock and cash. Upon closing, Argo will join Apollo?s Sustainability & Infrastructure group, which includes strategies across the risk-return spectrum from private credit and value add infrastructure equity to infrastructure private equity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to be completed in the second quarter of 2025.

This acquisition is a strategic move by Apollo Global to expand its presence in the sustainability and infrastructure sectors. By integrating Argo Infrastructure Partners LP into its existing group, Apollo aims to enhance its capabilities in private credit, value-add infrastructure equity, and infrastructure private equity. This move is expected to strengthen Apollo's position in the market and provide new opportunities for growth and diversification.

The transaction is expected to be completed in the second quarter of 2025, subject to customary closing conditions and regulatory approvals. This acquisition is a significant step for Apollo Global as it continues to grow and diversify its portfolio, positioning itself as a leader in the sustainability and infrastructure sectors.