Apollo to acquire a majority stake in Kelvion from Triton Partners.

Apollo, an alternative investment manager, agreed to acquire a majority stake in Kelvion, a global provider of energy efficient heat exchange and cooling solutions, from Triton Partners, a private equity firm. Financial terms were not disclosed. “Kelvion has established itself as a premier provider of energy efficient solutions, with a global footprint and leading customer base. The Company is well positioned to meet the demand of several very large secular tailwinds, including AI & cloud revolution, energy transition, and reindustrialization. We are thrilled to have the opportunity to support the Company’s growth in this next phase in partnership with the Triton, Andy and the rest of the management team,” Waleed Elgohary, Apollo Partner.