Apollo to acquire OEG from Oaktree Capital.

Apollo, a global alternative asset manager, agreed to acquire a majority stake in OEG Energy Group, an offshore energy solutions business, from Oaktree Capital, a global investment firm. Financial terms were not disclosed. “Since our company’s founding, we have worked hard to establish OEG as a global leader in delivering core services throughout the offshore energy value chain. As energy producers across Europe and around the globe continue to invest in energy transition, we are committed to expanding and enhancing our capabilities as a key partner. We look forward to working with Apollo as we enter this new and exciting chapter for our business and remain focused on supporting our customers with the same quality service they have come to expect,” John Heiton, OEG CEO.