Apollo Global Management Buys 40% Stake in Pembina Gas Infrastructure (PGI) From KKR
April 23, 2026
Apollo Global Management is set to acquire a 40% stake in Pembina Gas Infrastructure Inc. (PGI), a Western Canadian natural gas processing and gathering platform. The stake is being purchased from funds managed by KKR, while Pembina Pipeline Corporation will retain 60% ownership and remain the majority partner with ongoing operational oversight.
- Buyers
- Apollo Global Management
- Targets
- Pembina Gas Infrastructure Inc. (PGI)
- Sellers
- Funds managed by KKR 26 Co. Inc.
- Industry
- Energy
- Location
- Alberta, Canada
- Transaction Type
- Growth capital
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.