Apollo Funds Complete Acquisition of Barnes Group

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 to Acquire Tenneco for $7.1 Billion

February 23, 2022

Manufacturing

Funds managed by affiliates of Apollo Global Management will acquire automotive parts manufacturer Tenneco in an all-cash transaction valuing the company at approximately $7.1 billion including debt. Tenneco shareholders will receive $20.00 per share (a roughly 100% premium), and the company will be taken private to allow Apollo to invest in its product categories and global operations.

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 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 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.

Apollo Global Management Completes Acquisition of EmployBridge

July 19, 2021

Staffing & HR

Funds managed by affiliates of Apollo Global Management have completed the previously announced acquisition of EmployBridge, the largest industrial staffing company in the United States. Apollo said it will work with EmployBridge's leadership to invest in technology, the associate experience and new client engagement models to drive platform growth; terms were not disclosed.