Apollo Funds Acquire Majority Stake in The State Group, A Leading Provider of Multi-Trade Services
APOApollo Management(APO) GlobeNewswire News Room·2024-11-19 05:30

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds associated with its Impact and Clean Transition strategies (the “Apollo Funds”) have acquired a majority stake in The State Group (“TSG” or the “Company”) from Blue Wolf Capital (“Blue Wolf”). Blue Wolf will retain a minority stake in the business, alongside existing management shareholders. Established in 1961, TSG is a leading provider of electrical, mechanical, robotics and automation services, with a strong presenc ...