Apollo Funds Acquire Majority Stake in The State Group
November 18, 2024
Funds managed by Apollo's Impact and Clean Transition strategies have acquired a majority stake in The State Group from Blue Wolf Capital, with Blue Wolf and existing management retaining minority ownership. The State Group, headquartered in Franklin, Tennessee, is a multi‑trade industrial services contractor providing electrical, mechanical, robotics and automation services across industrial end markets; Apollo said the investment will support capability expansion and the company's role in the energy transition.
- Buyers
- Apollo (funds associated with its Impact and Clean Transition strategies)
- Targets
- The State Group
- Sellers
- Blue Wolf Capital
- Industry
- Industrial Services
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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