Apollo to Acquire Argo Infrastructure Partners

Core Insights - Apollo has announced an agreement to acquire Argo Infrastructure Partners, a mid-market asset manager focused on essential infrastructure assets in North America, in a stock and cash transaction [1][4] - The acquisition will add approximately $6 billion of high-quality assets to Apollo's infrastructure platform and enhance its capabilities in core and core plus infrastructure equity opportunities [1][2] Company Overview - Argo Infrastructure Partners, established in 2013, has a successful track record in sectors such as digital infrastructure, renewable energy, transportation, and utilities [2][8] - The firm manages over$6 billion in assets and focuses on delivering long-term value through responsible and sustainable investing [8] Strategic Alignment - The acquisition is expected to broaden Apollo's Sustainability & Infrastructure strategies and enhance its origination capabilities in key sectors, particularly digital infrastructure and energy transition [2][4] - Apollo's global reach and resources are seen as complementary to Argo's mission of delivering innovative investment strategies in a vital sector [3][4] Financial Impact - The transaction is anticipated to be modestly accretive to Apollo's fee-related earnings in 2026 [4] - The deal is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second quarter of 2025 [4]