Apollo to acquire colocation data center business from Blue Owl-backed STACK Infrastructure.

Apollo, an alternative investment management firm, agreed to acquire colocation data center business from Blue Owl-backed STACK Infrastructure, data center company built from the ground up to address the full stack of client critical infrastructure needs. Financial terms were not disclosed. “We are delighted to partner with Apollo to accelerate growth of our business as a new, standalone company. Leveraging Apollo’s expertise in infrastructure, significant access to resources and support, we believe we are extraordinarily well-positioned to capitalize on our industry’s tailwinds and bring even more value to our customers, employees and other stakeholders," Sherif Rizkalla, STACK Infrastructure CEO.