Aquarian Holdings Acquires Majority Stake in PACE Equity

Athene Acquires Petros PACE Finance

December 20, 2021

Financial Services

Athene Holding Ltd. has entered into a definitive agreement to acquire Petros PACE Finance, a U.S. originator of Commercial Property Assessed Clean Energy (C-PACE) financing. The investment will be managed by Apollo, and Petros' co‑founders will remain with the business and retain a minority stake as the company scales its C‑PACE origination platform.

Leonard Green & Partners Acquires Majority Stake in Pace from Aurora Capital Partners

January 11, 2022

Healthcare Services

Leonard Green & Partners (LGP) acquired a majority stake in Pace, a North American provider of analytical and life sciences testing and outsourced scientific solutions, from Aurora Capital Partners; Aurora has reinvested alongside LGP. Founded in 1978, Pace operates a nationwide network of over 65 analytical testing laboratories, 8 life sciences labs, and more than 45 service centers; financial terms were not disclosed.

Athene and Apollo Acquire Majority Stake in Aqua Finance at ~$1B Valuation

November 29, 2021

Financial Services

Athene agreed to acquire a controlling stake in Aqua Finance, a Wisconsin-based consumer lending platform, from funds managed by Blackstone Tactical Opportunities at a valuation of approximately $1 billion. Apollo will manage the investment on behalf of Athene, while Blackstone will retain a minority stake; the investor group plans to support growth through technology investments and expanded origination capacity.

Nuveen Acquires Greenworks Lending

February 16, 2021

Financial Services

Nuveen has agreed to acquire Greenworks Lending, a national leader in Commercial Property Assessed Clean Energy (C-PACE) financing, giving Nuveen a foothold in clean energy and energy-efficiency lending. The deal (subject to regulatory approval) will expand Nuveen's sustainable finance capabilities and provide its clients access to C-PACE investment opportunities.

Aquiline Capital Partners Acquires Majority Stake in Quicken Inc.

October 4, 2021

Software

Aquiline Capital Partners has acquired a majority stake in Quicken Inc. from an affiliate of H.I.G. Capital. Quicken's management, including CEO Eric Dunn, will retain equity and the company will continue operating from its Menlo Park headquarters while partnering with Aquiline to invest in its personal financial management software and digital offerings.

Verdantas Acquires PACE Engineers, Inc.

January 8, 2026

Engineering Services

Verdantas, a PE-backed technical consulting firm, has acquired PACE Engineers, a Kirkland, Washington-based multidisciplinary engineering, surveying, and environmental consulting firm. The deal (terms undisclosed) expands Verdantas' multidisciplinary capabilities and Pacific Northwest footprint while providing additional resources and development opportunities for PACE staff.