Apollo-Managed Funds to Acquire The Travel Corporation

Apollo Funds Acquires Trace3 from American Securities

November 3, 2025

IT Services

Funds managed by affiliates of Apollo completed the acquisition of Trace3 from American Securities, with American Securities retaining a significant minority equity interest. The transaction will support Trace3's accelerated growth and capability expansion across AI, cloud, data & analytics, and cybersecurity.

Apollo Funds Acquire Tony's Fresh Market

April 20, 2022

Retail

Funds managed by Apollo Global Management have acquired Tony's Fresh Market, a Chicago-area specialty grocery chain operating 18 stores. The founding family will remain involved as managers and minority shareholders while Apollo plans to support growth through go-to-market execution, customer loyalty programs and e-commerce expansion.

Direct Travel Acquires ATPI

September 22, 2025

Transportation

Direct Travel, Inc. has acquired ATPI, combining the two businesses to form a global travel management powerhouse with more than $6 billion in annual travel volume. The deal expands Direct Travel’s international footprint and specialized capabilities (energy, marine, sports, mining) while accelerating the global rollout of its Avenir Travel Edition platform.

Apollo Funds to Acquire Tenneco for $7.1 Billion

February 23, 2022

Manufacturing

Funds managed by affiliates of Apollo Global Management will acquire automotive parts manufacturer Tenneco in an all-cash transaction valuing the company at approximately $7.1 billion including debt. Tenneco shareholders will receive $20.00 per share (a roughly 100% premium), and the company will be taken private to allow Apollo to invest in its product categories and global operations.

Apollo Funds Makes Strategic Investment in T.D. Williamson

June 10, 2025

Energy

T.D. Williamson (TDW), a global leader in pipeline infrastructure technology and services, received a strategic minority investment from funds managed by Apollo Global Management. SCF Partners, which acquired TDW in June 2022, will remain the majority owner as Apollo provides growth capital to support TDW's strategic growth initiatives and global expansion.

Apollo Funds to Acquire Covis Pharma from Cerberus

February 6, 2020

Pharmaceuticals

Funds managed by affiliates of Apollo Global Management have agreed to acquire Covis Pharma BV from an affiliate of Cerberus Capital Management. Terms were not disclosed; the transaction is expected to close by the end of Q1 2020 and aims to accelerate Covis's global expansion and build out its respiratory and specialty pharma franchises.