Apollo to Buy Argo Infrastructure to Add $6 Billion of Assets

Apollo Global Management Inc. agreed to buy Argo Infrastructure Partners in a cash and stock transaction that will add about $6 billion to the firm’s total assets.

More than 20 professionals will also join Apollo when the deal is completed, Apollo said in a statement Monday. The acquisition is expected to be “modestly accretive” to fee-related earnings in 2026, according to the statement. Additional terms weren’t disclosed.

Argo, which was founded in 2013, invests in digital infrastructure, renewable energy, transportation and other industries. It will join Apollo’s sustainability and infrastructure group when the transaction is completed, which is expected in ...