Apollo S3-Led Continuation Vehicle Acquires Stake in Mountaintop Beverage from Monogram Capital Partners Fund II

August 11, 2026

Apollo S3 (Apollo’s Sponsor & Secondary Solutions business) led a newly formed single-asset continuation vehicle to acquire Mountaintop Beverage from Monogram Capital Partners II, L.P. The transaction closed on August 11, 2026, transferring Mountaintop into the continuation vehicle with participation from other institutional investors, while Monogram and Mountaintop management retain ownership.

Buyers
Apollo S3, Monogram Capital Partners, Partners Capital, TIFF, H7 Capital
Targets
Mountaintop Beverage
Sellers
Monogram Capital Partners II, L.P. (Fund II)
Platforms
Apollo S3
Industry
Food & Beverage
Location
West Virginia, United States
Transaction Type
Recapitalization

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