Private Equity Firm Financial Services

Apollo S3

New York, New York, United States

Apollo S3 is Apollo’s sponsor-and-secondary solutions platform that invests in private markets and participates in continuation/secondary-style transactions as a fund partner.

Focus Areas
Private market secondaries, Continuation vehicles, Sponsor and secondary solutions

Tracked deals

5

5 tracked deals across 2026.

Recent pace

5

5 tracked deals announced in the last 12 months.

Deal mix

Recapitalization

5 recapitalization

Apollo S3 Acquisition Volume by Year

Last 1 years

Acquisition volume by year Annual acquisition counts for the last 1 years for Apollo S3. ~6 est. 5 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Apollo S3-Led Continuation Vehicle Acquires Stake in Mountaintop Beverage from Monogram Capital Partners Fund II
    August 11, 2026
    Buyer
    Apollo S3, Monogram Capital Partners, Partners Capital, TIFF, H7 Capital
    Target
    Mountaintop Beverage
    Seller
    Monogram Capital Partners II, L.P. (Fund II)
    Industry
    Food & Beverage
    Location
    West Virginia, United States
    Type
    Recapitalization

    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.

  • Exponent Closes €750 Million Single-Asset Continuation Vehicle to Acquire H&MV Engineering
    August 11, 2026
    Buyer
    Exponent, Apollo S3, Pantheon, SQ Capital, LGT Capital Partners, Hamilton Lane (direct equity funds managed)
    Target
    H&MV Engineering
    Seller
    Exponent Fund IV, certain minority investors
    Industry
    Industrial Services
    Location
    Munster, Ireland
    Type
    Recapitalization

    Exponent has closed an approximately €750 million single-asset continuation vehicle to extend its investment in H&MV Engineering, valuing the Ireland-headquartered infrastructure engineering company at €1.4 billion. The continuation vehicle, led by Apollo S3, Pantheon and SQ Capital, will acquire H&MV from Exponent Fund IV and certain minority investors, subject to customary regulatory approvals and closing conditions.

  • Abry Partners Closes $780 Million Continuation Vehicle for Centauri Health Solutions
    June 15, 2026
    Buyer
    Abry Partners, Neuberger Private Markets, Apollo S3 (Apollo's Sponsor and Secondary Solutions business)
    Target
    Centauri Health Solutions
    Industry
    Healthcare Services
    Location
    Arizona, United States
    Type
    Recapitalization

    Abry Partners closed a $780 million continuation vehicle to extend its partnership with Centauri Health Solutions, a healthcare technology platform serving U.S. health plans with data-driven solutions. Neuberger Private Markets and Apollo’s Sponsor and Secondary Solutions business co-led as additional committed investors to provide liquidity to existing limited partners while supplying long-term growth capital.

  • Onex Partners Completes $1.6 Billion Continuation Vehicle Backed by Neuberger, GIC, Apollo S3 and StepStone (Fidelity, PowerSchool and Sedgwick)
    April 9, 2026
    Buyer
    Neuberger, GIC, Apollo S3, StepStone, Onex Partners
    Target
    Fidelity Building Services Group (Fidelity), PowerSchool, Sedgwick
    Seller
    Onex Partners V, Onex Partners IV, Onex Partners III
    Industry
    IT Services
    Location
    Ontario, Canada
    Type
    Recapitalization

    Onex Partners announced the successful closing of a $1.6 billion multi-asset continuation vehicle that transferred interests in Fidelity Building Services Group, PowerSchool, and Sedgwick from Onex Partners’ prior funds into a newly formed vehicle. The new vehicle is backed by institutional investors including Neuberger, GIC, Apollo S3 and StepStone, providing liquidity and rollover options to existing limited partners.

  • Kinderhook Forms Ecowaste Solutions by Combining Live Oak Environmental and CARDS Recycling
    January 22, 2026
    Buyer
    Kinderhook Industries, Goldman Sachs Alternatives, Apollo S3
    Target
    Live Oak Environmental, CARDS Recycling
    Seller
    Certain Kinderhook limited partners
    Industry
    Environmental Services
    Location
    Texas, United States
    Type
    Recapitalization

    Kinderhook Industries closed a $1 billion single-asset continuation vehicle transaction, forming Ecowaste Solutions by combining Live Oak Environmental and CARDS Recycling and securing more than $400 million of new equity from participating funds including Goldman Sachs Alternatives and Apollo S3. The new Dallas‑headquartered platform will operate collection and post‑collection waste services across nine Mid‑South states, serving over 400,000 customers and pursuing organic growth and additional acquisitions.

Related Acquisition Pages

Environmental Services Buyers & Acquisitions 1 tracked deal by Apollo S3. Food & Beverage Buyers & Acquisitions 1 tracked deal by Apollo S3. Healthcare Services Buyers & Acquisitions 1 tracked deal by Apollo S3. IT Services Buyers & Acquisitions 1 tracked deal by Apollo S3. Acquisitions in Arizona 1 tracked deal by Apollo S3. Acquisitions in Texas 1 tracked deal by Apollo S3. Acquisitions in West Virginia 1 tracked deal by Apollo S3.

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