Aug 07, 2025 | Posted by Abdul-Rahman Oladimeji
US data center firm Stream will be acquired by Apollo Global Management following announcement that Apollo-managed funds have agreed to acquire a majority interest in Stream Data Centers (SDC) from Stream Realty Partners, a commercial real estate firm.
Apollo said it is set to potentially deploy billions of dollars into data centers to help Stream deliver on its pipeline across Tier 1 and 2 markets across the US.
“Stream Data Centers represents a landmark digital infrastructure transaction for Apollo,” Apollo partners Joseph Jackson and Trevor Mills said. “With deep development expertise and a valuable long-term land fund in key growth markets, we believe SDC is uniquely positioned to serve the infrastructure needs of the world’s most sophisticated technology customers. Apollo will bring scaled capital and structuring capabilities to help drive recurring origination across our ecosystem. We look forward to partnering with SDC as a key operating platform to deliver next-gen capacity at scale.”
Michael Lahoud and Paul Moser, co-managing partners of Stream Data Centers, added: “We are excited to partner with Apollo on the next phase of SDC's growth amid robust demand for data center solutions. After more than two decades of delivering exceptional data center experiences, SDC has created a building and operating model with very strong fundamentals based on collaborative, enduring customer relationships.
"This symbiotic relationship with Apollo amplifies that existing strength, offering access to the capital required to significantly scale our developments at the rate hyperscale customers demand. We look forward to working with the Apollo team to execute on our pipeline - and we extend our sincere gratitude to SRP for providing the firm foundations that have helped SDC become the organization it is today.”
