Apollo (NYSE: APO) announced an agreement to acquire Argo Infrastructure Partners (“Argo”), a mid-market asset manager targeting essential infrastructure assets in North America, in a stock and cash transaction.
Upon closing, Argo will add approximately $6 billion of high-quality assets to Apollo’s infrastructure platform, alongside an experienced team of over 20 professionals focused on core and core plus infrastructure equity opportunities.
Argo, established in 2013, has a successful track record in digital infrastructure, renewable energy, transportation, utilities, and other industries. This acquisition will broaden Apollo’s Sustainability & Infrastructure strategies, enhancing its existing origination capabilities in key sectors like digital infrastructure and energy transition.
Harry Seekings and Olivia Wassenaar, Partners and Co-Heads of Infrastructure at Apollo, highlighted the complementary nature of Argo’s capabilities to Apollo’s value-add investment strategy. Jason Zibarras, Founding Partner of Argo, emphasized Apollo’s global reach and commitment to long-term value creation.
Argo will join Apollo’s Sustainability & Infrastructure group upon closing, expected in the second quarter of 2025. The transaction is anticipated to be modestly accretive to fee-related earnings in 2026, pending customary closing conditions and regulatory approvals.
Apollo (NYSE: APO) ha annunciato un accordo per acquisire Argo Infrastructure Partners (“Argo”), un gestore di asset di medie dimensioni che si concentra su asset infrastrutturali essenziali in Nord America, attraverso una transazione in azioni e contante.
Alla chiusura, Argo aggiungerà circa 6 miliardi di dollari di asset di alta qualità alla piattaforma infrastrutturale di Apollo, insieme a un team esperto di oltre 20 professionisti focalizzati su opportunità di capitale infrastrutturale core e core plus.
Argo, fondata nel 2013, ha un track record di successo nelle infrastrutture digitali, nelle energie rinnovabili, nel trasporto, nei servizi pubblici e in altri settori. Questa acquisizione allargherà le strategie di Sostenibilità e Infrastruttura di Apollo, migliorando le capacità esistenti di generazione in settori chiave come le infrastrutture digitali e la transizione energetica.
Harry Seekings e Olivia Wassenaar, Partners e Co-Responsabili del Settore Infrastrutture di Apollo, hanno messo in evidenza la natura complementare delle capacità di Argo rispetto alla strategia di investimento a valore aggiunto di Apollo. Jason Zibarras, Partner Fondatore di Argo, ha sottolineato la portata globale di Apollo e il suo impegno per la creazione di valore a lungo termine.
Argo si unirà al gruppo Sostenibilità e Infrastruttura di Apollo una volta conclusa l’acquisizione, prevista per il secondo trimestre del 2025. Si prevede che la transazione sarà moderatamente accrescitiva per i guadagni legati alle commissioni nel 2026, in attesa delle consuete condizioni di chiusura e delle approvazioni normative.
Apollo (NYSE: APO) anunció un acuerdo para adquirir Argo Infrastructure Partners (“Argo”), un gestor de activos de mercado medio que se centra en activos de infraestructura esenciales en América del Norte, mediante una transacción en acciones y efectivo.
En el cierre, Argo añadirá aproximadamente 6 mil millones de dólares en activos de alta calidad a la plataforma de infraestructura de Apollo, junto con un equipo experimentado de más de 20 profesionales centrados en oportunidades de capital de infraestructura core y core plus.
Argo, establecido en 2013, tiene un historial exitoso en infraestructura digital, energías renovables, transporte, servicios públicos y otros sectores. Esta adquisición ampliará las estrategias de Sostenibilidad e Infraestructura de Apollo, mejorando sus capacidades existentes de originación en sectores clave como infraestructura digital y transición energética.
Harry Seekings y Olivia Wassenaar, Socios y Co-Cabecillas de Infraestructura en Apollo, destacaron la naturaleza complementaria de las capacidades de Argo en relación con la estrategia de inversión de valor añadido de Apollo. Jason Zibarras, Socio Fundador de Argo, enfatizó el alcance global de Apollo y su compromiso con la creación de valor a largo plazo.
Argo se unirá al grupo de Sostenibilidad e Infraestructura de Apollo tras el cierre, previsto para el segundo trimestre de 2025. Se anticipa que la transacción será modestamente accretiva para las ganancias relacionadas con comisiones en 2026, sujeta a las condiciones de cierre habituales y aprobaciones regulatorias.
아폴로 (NYSE: APO)는 아르고 인프라 파트너스 (“아르고”)를 인수하기 위한 계약을 발표했습니다. 아르고는 북미의 필수 인프라 자산을 타겟으로 하는 중소형 자산 운용사로, 주식과 현금 거래를 통해 진행됩니다.
거래가 완료되면 아고는 아폴로의 인프라 플랫폼에 약 60억 달러의 고품질 자산을 추가하며, 코어 및 코어 플러스 인프라 자본 기회를 중심으로 한 20명 이상의 전문 팀을 포함하게 됩니다.
2013년에 설립된 아르고는 디지털 인프라, 재생 에너지, 교통, 공공 서비스 및 기타 산업에서 성공적인 실적을 보유하고 있습니다. 이 인수는 아폴로의 지속 가능성 및 인프라 전략을 확장하여 디지털 인프라 및 에너지 전환과 같은 주요 부문에서 기존 발생 능력을 강화할 것입니다.
해리 시킹스와 올리비아 바센나르, 아폴로의 인프라 파트너 및 공동 책임자는 아르고의 능력이 아폴로의 가치 추가 투자 전략과 어떻게 보완되는지를 강조했습니다. 아르고의 공동 창립자인 제이슨 지바라스는 아폴로의 글로벌 영향력과 장기적인 가치 창출에 대한 헌신을 강조했습니다.
아고는 2025년 2분기로 예상되는 거래 종료 후 아폴로의 지속 가능성 및 인프라 그룹에 합류할 것입니다. 거래는 관례적인 종료 조건 및 규제 승인을 전제로 하여 2026년 수수료 관련 수익에 대해 조정이 예상됩니다.
Apollo (NYSE: APO) a annoncé un accord pour acquérir Argo Infrastructure Partners (“Argo”), un gestionnaire d’actifs de taille intermédiaire ciblant les actifs d’infrastructure essentiels en Amérique du Nord, dans le cadre d’une transaction en actions et en espèces.
À la clôture, Argo ajoutera environ 6 milliards de dollars d’actifs de haute qualité à la plateforme d’infrastructure d’Apollo, aux côtés d’une équipe expérimentée de plus de 20 professionnels focalisés sur des opportunités de capital d’infrastructure core et core plus.
Argo, fondée en 2013, a un palmarès de réussite dans les infrastructures numériques, les énergies renouvelables, le transport, les services publics et d’autres secteurs. Cette acquisition élargira les stratégies de durabilité et d’infrastructure d’Apollo, améliorant ses capacités d’origine existantes dans des secteurs clés tels que l’infrastructure numérique et la transition énergétique.
Harry Seekings et Olivia Wassenaar, partenaires et co-responsables de l’infrastructure chez Apollo, ont souligné la complémentarité des capacités d’Argo par rapport à la stratégie d’investissement à valeur ajoutée d’Apollo. Jason Zibarras, partenaire fondateur d’Argo, a souligné l’envergure mondiale d’Apollo et son engagement en faveur de la création de valeur à long terme.
Argo rejoindra le groupe durabilité et infrastructure d’Apollo après la conclusion de la transaction, prévue pour le deuxième trimestre de 2025. On s’attend à ce que la transaction ait un impact modeste sur les bénéfices liés aux frais en 2026, sous réserve des conditions habituelles de clôture et des approbations règlementaires.
Apollo (NYSE: APO) gab eine Vereinbarung bekannt, um Argo Infrastructure Partners (“Argo”) zu übernehmen, einen mittelständischen Vermögensverwalter, der sich auf wesentliche Infrastrukturinvestitionen in Nordamerika konzentriert, in einer Aktien- und Bargeldtransaktion.
Nach dem Abschluss wird Argo etwa 6 Milliarden US-Dollar an hochwertigen Vermögenswerten zur Infrastrukturplattform von Apollo hinzufügen, zusammen mit einem erfahrenen Team von über 20 Fachleuten, die sich auf Core- und Core-Plus-Infrastrukturkapitalmöglichkeiten konzentrieren.
Argo, gegründet im Jahr 2013, hat eine erfolgreiche Erfolgsbilanz in den Bereichen digitale Infrastruktur, erneuerbare Energien, Verkehr, Versorgungsunternehmen und anderen Branchen. Diese Übernahme wird die Nachhaltigkeits- und Infrastrukturstrategien von Apollo erweitern und deren bestehende Origination-Kapazitäten in Schlüsselbereichen wie digitale Infrastruktur und Energiewende stärken.
Harry Seekings und Olivia Wassenaar, Partner und Co-Leiter der Infrastruktur bei Apollo, hoben die komplementäre Natur von Argos Fähigkeiten hervor, die zur wertschöpfenden Anlagestrategie von Apollo beitragen. Jason Zibarras, Gründer von Argo, betonte die globale Reichweite von Apollo und das Engagement für die Schaffung langfristiger Werte.
Argo wird nach dem Abschluss, der im zweiten Quartal 2025 erwartet wird, der Nachhaltigkeits- und Infrastrukturgruppe von Apollo beitreten. Die Transaktion wird voraussichtlich 2026 moderat gewinnerhöhend auf die gebührenbezogenen Erträge wirken, vorbehaltlich der üblichen Abschlussbedingungen und Genehmigungen durch die Aufsichtsbehörden.
Positive
- Acquisition of $6 billion in high-quality assets.
- Addition of over 20 experienced professionals.
- Broadened Sustainability & Infrastructure strategies.
- Enhanced origination capabilities in key sectors.
- Expected to be modestly accretive to fee-related earnings in 2026.
Negative
- Transaction subject to regulatory approvals and customary closing conditions.
Insights
Apollo’s strategic acquisition of Argo Infrastructure Partners represents a significant expansion in the infrastructure investment space. The $6 billion addition of assets will strengthen Apollo’s position in important growth sectors like digital infrastructure and renewable energy. The deal structure, combining stock and cash, suggests careful consideration of capital efficiency while maintaining strategic flexibility.
The transaction’s financial implications are noteworthy – it’s expected to be accretive to fee-related earnings by 2026, indicating potential revenue synergies and operational efficiencies. Argo’s portfolio of 18 companies across the US and Canada provides Apollo with immediate scale in the mid-market infrastructure segment, diversifying their revenue streams and expanding their asset management capabilities.
This acquisition is strategically compelling for Apollo’s infrastructure platform. Argo’s focus on core and core plus infrastructure assets in essential sectors like digital infrastructure, renewable energy and utilities perfectly complements Apollo’s existing value-add strategy. The integration of Argo’s 20+ professionals brings specialized expertise in mid-market deal origination and asset management, which is particularly valuable given the increasing competition for infrastructure assets.
The timing is opportune, as infrastructure investments are seeing heightened interest due to their inflation-hedging characteristics and stable cash flows. The deal positions Apollo to capitalize on major secular trends, particularly the digital transformation and energy transition, where significant capital deployment opportunities exist.
The acquisition demonstrates Apollo’s commitment to scaling its Sustainability & Infrastructure platform through strategic M&A. This deal follows the industry trend of larger asset managers acquiring specialized boutiques to gain expertise and AUM in specific sectors. The choice of Argo is particularly strategic given its decade-long track record and institutional investor relationships.
The Q2 2025 expected closing timeline suggests a relatively straightforward regulatory approval process, likely due to the complementary nature of the businesses. The deal structure, combining stock and cash, indicates confidence in value creation while maintaining balance sheet flexibility. For Apollo shareholders, this represents a thoughtful expansion that should enhance the firm’s competitive position in infrastructure investing.
Acquisition of Complementary Mid-Market Infrastructure Manager Deepens Origination and Asset Management Capabilities in Fast-Growing Sectors Strategically Aligned with Apollo’s Long-Term Growth Objectives
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that it has entered into an agreement to acquire Argo Infrastructure Partners (“Argo”), a leading mid-market asset manager targeting essential infrastructure assets in North America, in a stock and cash transaction. At closing, Argo will add approximately
Established in 2013, Argo has a successful track record of long-term value creation in digital infrastructure, renewable energy, transportation, utilities and other industries. Argo’s focus on core and core plus infrastructure assets will broaden Apollo’s Sustainability & Infrastructure strategies and deepens Apollo’s existing origination capabilities within key sectors that Apollo believes will continue to benefit from robust investment, including digital infrastructure and the energy transition.
“We are excited to announce this agreement with Argo which will add capabilities that are highly complementary to our existing value-add investment strategy. The Argo team has curated a high-quality portfolio, managing assets on behalf of a top-tier group of institutional investors,” said Harry Seekings and Olivia Wassenaar, Partners and Co-Heads of Infrastructure at Apollo. “Argo has an experienced team with deep origination and asset management expertise, and we look forward to integrating this successful strategy into our franchise, continuing the team’s strong track record of providing investors with thoughtful, differentiated access to mid-market core and core plus infrastructure.”
“Since its founding in 2013, Argo has had a mission to focus relentlessly on delivering on our innovative investment strategy, bringing creativity to a mature, but vital, sector. With this mindset, Argo has built a leading infrastructure platform, managing 18 portfolio companies across the U.S. and Canada. Apollo’s global reach, extensive resources and shared commitment to long-term value creation make them the ideal partner to carry forward Argo’s mission,” said Jason Zibarras, Founding Partner of Argo.
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.
Apollo expects the transaction will be modestly accretive to fee-related earnings in 2026. 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.
Advisors
Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel to Apollo. Fenchurch Advisory Partners is acting as exclusive financial advisor and Latham & Watkins is serving as legal counsel to Argo.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately
About Argo Infrastructure Partners
Argo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. Argo invests in high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives, including investments in utilities, renewable energy, digital infrastructure, and other long duration infrastructure assets. Argo’s investment philosophy couples sound investment return with responsible and sustainable investing. As of January 2025, Argo manages over
Apollo Forward-Looking Statements
This press release contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions. Apollo believes these factors include but are not limited to those described under the section entitled “Risk Factors” in Apollo’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2024, and the quarterly report on Form 10-Q filed with the SEC on November 6, 2024, as such factors may be updated from time to time in Apollo’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Apollo’s other filings with the SEC. Apollo undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.
Contacts
For Apollo:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
For Argo:
Argo Infrastructure Partners
info@ArgoIP.com
Media Contact
Ira Gorsky
ArgoInfrastructurePartners@edelmansmithfield.com
FAQ
What does Apollo’s acquisition of Argo Infrastructure Partners involve?
Apollo’s acquisition of Argo Infrastructure Partners involves a stock and cash transaction that will add approximately $6 billion of high-quality assets to Apollo’s infrastructure platform.
How will the acquisition of Argo Infrastructure Partners impact Apollo’s infrastructure platform?
The acquisition will add $6 billion of high-quality assets and over 20 experienced professionals to Apollo’s infrastructure platform, enhancing its Sustainability & Infrastructure strategies.
When is Apollo’s acquisition of Argo Infrastructure Partners expected to close?
The acquisition is expected to close in the second quarter of 2025, pending regulatory approvals and customary closing conditions.
What sectors will Apollo’s acquisition of Argo Infrastructure Partners impact?
The acquisition will impact sectors such as digital infrastructure, renewable energy, transportation, utilities, and other industries.
How will Apollo’s acquisition of Argo Infrastructure Partners affect its fee-related earnings?
The transaction is expected to be modestly accretive to Apollo’s fee-related earnings in 2026.
What are the strategic benefits of Apollo acquiring Argo Infrastructure Partners?
The strategic benefits include broadened Sustainability & Infrastructure strategies, enhanced origination capabilities in key sectors, and the addition of a high-quality asset portfolio.