Apollo To Buy Argo Infrastructure Partners In A Stock And Cash Deal

(RTTNews) - Apollo (APO) Monday said it has agreed to acquire Argo Infrastructure Partners, a mid-market asset manager, in a stock and cash transaction.

At closing, Argo will add about $6 billion of high-quality assets to the Apollo infrastructure platform.

"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.

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 to be modestly accretive to fee-related earnings in 2026. The transaction is expected to be completed in the second quarter of 2025.