Apollo Global Management is acquiring Argo Infrastructure Partners.

Investment giant Apollo Global Management is acquiring Argo Infrastructure Partners in a deal that will add approximately $6 billion of assets to the Apollo infrastructure platform.  Argo is the majority owner of US data center firm TierPoint, which operates around 40 facilities across 18 US markets.   Its portfolio includes power generation assets, utilities, electric transmission systems, and an energy storage network.

“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. “Argo has an experienced team with deep origination and asset management expertise, and we look forward to integrating this successful strategy into our franchise, continuing the team’s strong track record of providing investors with thoughtful, differentiated access to mid-market core and core plus infrastructure.”

“Since its founding in 2013, Argo has had a mission to focus relentlessly on delivering on our innovative investment strategy, bringing creativity to a mature, but vital, sector. With this mindset, Argo has built a leading infrastructure platform, managing 18 portfolio companies across the U.S. and Canada. Apollo’s global reach, extensive resources, and shared commitment to long-term value creation make them the ideal partner to carry forward Argo’s mission,” said Jason Zibarras, founding partner of Argo.