Apollo Funds Completes Acquisition of Barnes Group for $3.6 Billion

Apollo Funds to Acquire Arconic in $5.2B All-Cash Deal

May 4, 2023

Manufacturing

Arconic Corporation entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management in an all-cash transaction valued at approximately $5.2 billion. The deal includes a minority investment from funds managed by affiliates of Irenic Capital Management, and Arconic shareholders will receive $30.00 per share.

Apollo Funds to Acquire Tenneco in $7.1 Billion All-Cash Deal

February 23, 2022

Industrial Services

Tenneco entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo for an all-cash enterprise value of approximately $7.1 billion, including debt. The deal values Tenneco at $20.00 per share and is expected to close in the second half of 2022, subject to customary conditions including shareholder and regulatory approvals.

Barnes Group Inc. Acquires MB Aerospace

June 5, 2023

Aerospace & Defense

Barnes Group Inc. agreed to acquire MB Aerospace for an enterprise value of approximately $740 million, expanding Barnes' aerospace manufacturing and MRO capabilities. MB Aerospace, headquartered in Motherwell, Scotland, operates ~10 facilities with ~1,450 employees and is projected to generate about $330 million of revenue and $65 million of EBITDA in 2023; the transaction (expected Q4 2023) was intended to strengthen Barnes' OEM and aftermarket offerings and add defense exposure.

Apollo Funds Acquire U.S. Silica Holdings

July 31, 2024

Manufacturing

Funds managed by affiliates of Apollo (Apollo Funds) completed the acquisition of U.S. Silica Holdings, Inc., taking the company private for $15.50 per share. U.S. Silica will continue to operate under its existing management team and brand in Katy, Texas, as Apollo seeks to support growth and leverage the company's reserve base, logistics capabilities and materials expertise.

Apollo, J.F. Lehman & Hill City Capital Acquire Atlas Air Worldwide for $5.2 Billion

March 17, 2023

Transportation

An investor group led by funds managed by affiliates of Apollo, together with J.F. Lehman & Company and Hill City Capital, acquired Atlas Air Worldwide for an enterprise value of approximately $5.2 billion, paying $102.50 per share in cash. Atlas Air Worldwide will become privately held and continue operating under its existing leadership to accelerate execution of its strategic plan and capitalize on long-term demand for global air cargo services.

Apollo Funds Acquire The New Home Company

September 8, 2021

Real Estate

Funds managed by affiliates of Apollo Global Management completed a cash tender offer and merger to acquire The New Home Company. The transaction resulted in The New Home Company becoming a privately held, indirect wholly-owned subsidiary of the Apollo funds, with remaining shares converted to $9.00 per share in cash.