By Karen Roman
Argo Infrastructure Partners will be acquired by Apollo Global Management, Inc. (NYSE: APO) in a stock and cash transaction and become a part of Apollo’s Sustainability and Infrastructure group.
Argo Infrastructure will add $6 billion of high-quality assets to the Apollo platform and the transaction will be completed in the second quarter of 2025, both firms stated Monday.
“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,” said Jason Zibarras, Argo’s founder.” 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.”
Argo invests in 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.
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