Apollo Global Management to acquire a majority stake in Transportation Partners & Logistics for $183m.

Apollo Global Management agreed to acquire a majority stake in Transportation Partners & Logistics, a provider of logistics, transportation, and supply chain management solutions serving renewable energy and industrial markets, for $183m. "We are excited to join forces with Takkion and Apollo. The combination is a highly strategic decision that brings together the unique strengths of the great company that we have built, and the deep resources of Takkion and Apollo to deliver best-in-class logistics and supply chain services to our customers across North America," Jim Orr, TP&L President.