Announced
Financials
Sources
Tags
Majority
Acquisition
Domestic
Private
Single Bidder
renewable energy
Renewable Energy Equipment
United States
Private Equity
Friendly
Pending
Synopsis
Apollo Global, an alternative asset manager, agreed to acquire a 50% stake in Broad Reach Power, an utility-scale storage platform, from EnCap, a venture capital. Financial terms were not disclosed. “This transaction unites Apollo with a terrific shareholder group that has demonstrated significant conviction, commitment, and success in building a large and nimble clean energy platform. We look forward to collectively supporting Steve and his team in their future growth,” Corinne Still, Apollo Principal.
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