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Apollo Global acquires majority stake in The State Group, terms undisclosed
The Fly

Apollo Global acquires majority stake in The State Group, terms undisclosed

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.

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