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Apollo Global Management Acquires Majority Stake in State Group for Undisclosed Sum
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Apollo Global Management Acquires Majority Stake in State Group for Undisclosed Sum
Nov 19, 2024 9:23 PM

04:59 PM EST, 11/18/2024 (MT Newswires) -- Apollo Global Management ( APO ) said late Monday that funds associated with its impact and clean transition strategies acquired a majority stake in electrical, mechanical, robotics, and automation services provider State Group from Blue Wolf Capital.

Financial terms of the deal weren't disclosed.

Apollo said Blue Wolf will retain a minority stake in State Group, alongside the business' existing management shareholders.

Price: 142.43, Change: +1.43, Percent Change: +1.01

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