10:07 AM EST, 01/13/2025 (MT Newswires) -- Apollo Global Management ( APO ) said Monday it has agreed to acquire Argo Infrastructure Partners in a stock-and-cash deal.

Details of the transaction were not available, but Apollo said the deal will add about $6 billion in assets to Apollo's infrastructure platform and is expected to be modestly accretive to fee-related earnings in 2026.

The transaction is expected to close in Q2 and Argo will operate under Apollo's Sustainability and Infrastructure group, the company said.

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