Global asset manager Apollo is all set to acquire Argo Infrastructure Partners, adding $6 billion in assets and strengthening its focus on sustainable infrastructure. The acquisition will bring an experienced team of professionals and expand Apollo’s capabilities in renewable energy, digital infrastructure, and core-plus investments.
Founded in 2013, Argo Infrastructure Partners has a proven track record in long-term value creation across critical sectors such as renewable energy, transportation, and utilities. By integrating Argo’s expertise, Apollo aims to address growing investor demand for infrastructure that supports the energy transition and sustainable development.
Apollo’s Co-Heads of Infrastructure, Harry Seekings and Olivia Wassenaar commented, “This acquisition strengthens our ability to deliver sustainable investment opportunities in core infrastructure, addressing key global priorities in energy and digital transformation.”
Argo currently manages 18 portfolio companies across North America, with a focus on essential infrastructure assets. The acquisition will complement Apollo’s existing strategies, broadening access to mid-market core and core-plus infrastructure opportunities.
Jason Zibarras, Founding Partner of Argo said, “Apollo’s global platform and shared commitment to sustainability make this partnership an ideal next step for Argo, enabling us to scale our mission in vital sectors.”
The acquisition is expected to close in the second quarter of 2025, pending regulatory approvals, and is anticipated to modestly contribute to Apollo’s fee-related earnings by 2026.
Paul, Weiss, Rifkind, Wharton & Garrison LLP is providing legal counsel to Apollo, while Fenchurch Advisory Partners is serving as the exclusive financial advisor. Latham & Watkins is acting as legal counsel to Argo.
