Apollo’s $6bn acquisition of Argo Infrastructure Parteners confirmed

Jan 13, 2025 | News

Apollo Global Management has announced an agreement to acquire Argo Infrastructure Partners, a North America-focused mid-market asset manager specialising in essential infrastructure assets.

The transaction, which includes a combination of stock and cash, will add $6bn of high-quality assets to Apollo’s infrastructure platform, alongside an experienced team of more than 20 professionals.

This acquisition underscores Apollo’s commitment to scaling its infrastructure capabilities through strategic investments. It leverages Argo’s portfolio of 18 companies across the US and Canada to deliver stable cash flows and inflation-resistant returns.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Sign up

Founded in 2013, Argo has established a strong track record across sectors including digital infrastructure, renewable energy, utilities, and transportation. The acquisition aligns with Apollo’s strategy to expand its Sustainability & Infrastructure platform, enhancing its origination and asset management capabilities. By integrating Argo’s focus on core and core-plus infrastructure, Apollo aims to deepen its exposure to sectors benefiting from long-term trends like digital transformation and energy transition.

Harry Seekings and Olivia Wassenaar, Co-Heads of Infrastructure at Apollo, remarked, “The Argo team has built a high-quality portfolio and brings deep expertise in mid-market infrastructure opportunities. This acquisition complements our value-add investment strategy and strengthens our position in critical growth sectors.”

Argo’s founder, Jason Zibarras, highlighted Apollo’s global reach and shared commitment to value creation as key factors in the partnership. “Apollo’s resources and vision make them the ideal partner to carry forward our mission of delivering innovative investment strategies in a vital sector,” he said.

Upon closing, Argo will join Apollo’s Sustainability & Infrastructure group. This group spans private credit, value-add infrastructure equity, and private equity strategies. The transaction is expected to close in Q2 2025, pending customary regulatory approvals, and is projected to be modestly accretive to Apollo’s fee-related earnings by 2026.

Source: Stock Titan

Can’t stop reading? Read more