Apollo Global Management Expands Sustainability and Infrastructure Group with Strategic Acquisition
In a significant move to bolster its Sustainability and Infrastructure group, Apollo Global Management, Inc. (NYSE: APO) has agreed to acquire Argo Infrastructure Partners in a stock and cash transaction. This strategic acquisition is expected to be completed in the second quarter of 2025 and will add a substantial $6 billion of high-quality assets to Apollo’s platform.
Argo’s Mission-Driven Approach
Since its founding in 2013, Argo Infrastructure Partners has been dedicated to delivering innovative investment strategies in the infrastructure sector. Jason Zibarras, Argo’s founder, emphasized the importance of this mission, stating that Apollo’s global reach, extensive resources, and commitment to long-term value creation make them the ideal partner to carry forward Argo’s vision.
High-Quality Infrastructure Assets
Argo’s investment portfolio comprises high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives. Notable assets include TierPoint, LAZ Parking, Smoky Mountain, and Hawaii Gas, which will now become part of Apollo’s expanded Sustainability and Infrastructure group.
A Strategic Partnership for Growth
This acquisition marks a significant milestone for both companies, as they combine their expertise and resources to drive growth and long-term value creation. With Apollo’s global presence and Argo’s innovative approach, this partnership is poised to make a meaningful impact in the infrastructure sector.
A New Chapter for Argo Infrastructure Partners
As Argo Infrastructure Partners becomes part of Apollo’s Sustainability and Infrastructure group, the company will continue to focus on delivering high-quality infrastructure investments that benefit communities and drive long-term growth. This strategic acquisition marks an exciting new chapter for Argo, and the industry can expect great things from this powerful partnership.
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