Apollo Global’s fund, Apollo Impact, will acquire United Living Group, a U.K. provider of infrastructure and construction services. The terms of the deal were not disclosed. United Living offers maintenance and construction services for utility infrastructure and property assets in the U.K. Apollo Impact focuses on private equity opportunities with social and environmental impact. The acquisition is expected to be completed in the summer.
- Apollo Global (NYSE:APO) said Tuesday its fund Apollo Impact will acquire United Living Group, a U.K. provider of infrastructure, social housing maintenance and construction services.
- Terms were not disclosed.
- United Living provides maintenance and construction services to owners and operators of utility infrastructure and property assets across the U.K.
- Apollo Impact pursues private equity-like opportunities that aim to create measurable social and/or environmental impact while generating attractive risk-adjusted returns.
- The deal will be completed over the summer.
- Earlier, Apollo (APO) nixed its plan to buy out U.K. engineering firm John Wood Group.
Source: SeekingAlpha
