Apollo Global (APO) announced that funds associated with its impact and clean transition strategies have acquired a majority stake in The State Group, or TSG, from Blue Wolf Capital. Blue Wolf will retain a minority stake in the business, alongside existing management shareholders. Established in 1961, TSG is a provider of electrical, mechanical, robotics and automation services, with a presence across industrial end markets. Financial terms of the transaction are not disclosed.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APO:
- Bet On It: Sportsbooks wary of Q4 outlook following unfavorable outcomes
- Everi Holdings shareholders approve acquisition by Apollo Global funds
- Tiger Global take new stake in Flutter, cuts stake in Uber
- Omega exits stakes in Devon, Las Vegas Sands, KBR, and Paramount Global
- Cardinal Health announces strategic acquisitions to its portfolio