Johnson Controls and Apollo to form a joint venture.

Johnson Controls, a provider of smart, healthy and sustainable buildings, and Apollo, a global alternative asset manager, agreed to form a joint venture. Financial terms were not disclosed. "Johnson Controls is a trusted global leader in sustainable buildings, and we're thrilled to combine their expertise and scaled suite of services with our fund capital and experience to bring customers fully financed, turnkey solutions to lower energy costs, improve energy reliability and reduce their carbon footprint. We see strong and enduring demand for greater energy efficiency and sustainability. This new venture will help companies find innovative, more affordable means to take on these critical infrastructure projects and aligns with Apollo's longstanding commitment to ESG," Geoffrey Strong, Apollo Senior Partner and Co-Head of Infrastructure and Natural Resources.