Apollo completed the acquisition of a 20% stake in Energos Infrastructure from New Fortress Energy.

Apollo, a provider of alternative asset management and retirement solutions, completed the acquisition of a 20% stake in Energos Infrastructure, a maritime infrastructure company, from New Fortress Energy. Financial terms were not disclosed. “We are pleased to have established Energos with Apollo Funds, our joint venture partner, and to have built it into a premier LNG maritime infrastructure company today. Completing the sale of our interest to Apollo Funds allows us to recycle proceeds into high return downstream projects and to reduce debt," Wes Edens, New Fortress Energy Chairman and CEO.