Apollo Global Management to acquire Beequip from NIBC.

Apollo Global Management, an alternative asset management firm, agreed to acquire Beequip, an independent equipment lease company, from NIBC, a commercial bank. Financial terms were not disclosed. “We are proud to see that Beequip has shown remarkable progress over the last several years. Because of their strong growth, evidenced by multiple FD Gazelle Awards for fast-growing businesses, we believe this transaction comes at the right time to position them for the next phase. Apollo will be a perfect fit for Beequip, offering great opportunities for their further development. On behalf of the Executive Committee, I wish all Beequip colleagues every success with Apollo as they continue their journey,” Paulus de Wilt, NIBC CEO.