Apollo has announced its intent to acquire Argo Infrastructure Partners, enhancing its infrastructure investment capabilities and positioning itself within high-growth sectors focused on sustainability.

Information on the Target

Apollo (NYSE: APO) has announced its agreement to acquire Argo Infrastructure Partners, a prominent mid-market asset manager focused on essential infrastructure assets throughout North America. This stock and cash transaction, which is anticipated to close in the second quarter of 2025, will bring approximately $6 billion of high-quality assets into Apollo's infrastructure platform. Moreover, the acquisition includes a specialized team of over 20 professionals dedicated to core and core-plus infrastructure equity investments.

Founded in 2013, Argo Infrastructure Partners has established a reputation for long-term value creation across various sectors, including digital infrastructure, renewable energy, transportation, and utilities. The company's emphasis on core and core-plus infrastructure assets aligns closely with Apollo's commitment to sustainability and infrastructure strategies, enhancing its origination capabilities in key sectors believed to be poised for significant investment growth.

Industry Overview in North America

The infrastructure sector in North America is experiencing a transformative period due to increasing demands for modernization and sustainability. This evolving landscape is driven by a combination of government initiatives, technological advancements, and a heightened