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.