Relevate Power Acquires Gravity Renewables

Apollo Acquires PowerGrid Services from The Sterling Group

July 2, 2025

Industrial Services

Apollo has completed the acquisition of PowerGrid Services from The Sterling Group and other existing investors. PowerGrid is a national provider of electric utility maintenance and construction services with more than 1,700 in-house professionals operating across 35 states; Apollo will partner with management and existing investors to support the company’s continued growth and grid modernization efforts.

Relevate Health Acquires Axon Communications

February 22, 2022

Marketing & Advertising

Relevate Health, backed by Mountaingate Capital, has acquired Boston-based Axon Communications to expand its healthcare marketing and HCP engagement capabilities. The acquisition adds Axon's proprietary digital products (MyDoc, KOLCast, REPCast) and national video production infrastructure to Relevate's data-driven, omnichannel marketing platform for pharmaceutical, biotech and medical device clients.

The Rise Fund / Matrix Renewables Acquire 1GW of Solar PV Projects from Trina Solar

July 1, 2020

Renewable Energy

The Rise Fund (part of TPG) and newly created, Madrid-based Matrix Renewables have acquired approximately 1 GW of operational, under-construction, and near ready-to-build solar PV projects from Trina Solar. The assets—located across Spain, Chile, Colombia and Mexico—will form the initial portfolio of Matrix Renewables as TPG and The Rise Fund build a global renewable energy platform.

Takkion Holdings Acquires Renew Energy, Inc.

January 4, 2021

Energy

Takkion Holdings LLC, a portfolio company backed by affiliates of Apollo Global Management, has acquired Sioux Falls-based Renew Energy, Inc., a provider of operations and maintenance (O&M) services for the renewable energy market. The acquisition expands Takkion's capabilities in wind and solar logistics, supply chain, transportation management and O&M, and RENEW's management team and brand will remain intact as part of the combined platform.

ENGIE Acquires Broad Reach Power

August 24, 2023

Energy

ENGIE has acquired Broad Reach Power, a Houston-based developer and operator of utility-scale battery energy storage systems, from investors including EnCap Energy Transition and Apollo funds. The deal—reported to be for an equity value of over $1 billion—strengthens ENGIE's battery-storage capabilities and advances its objective to reach 10 GW of battery capacity by 2030 while reinforcing its position in the United States energy transition.

BluEarth Acquires 1 GW U.S. Wind and Solar Development Portfolio from Ozone Renewables

March 22, 2023

Renewable Energy

BluEarth Renewables US LLC acquired seven wind and solar development projects totaling approximately 1 GW from Ozone Renewables, LLC. The projects—located across Washington, Oregon, Ohio and Oklahoma—will be developed under a development services agreement with Pivot Power Management to advance BluEarth's North American pipeline.