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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.