M&A Deal Summary

Apollo Global Management Acquires Catec

On August 22, 2023, asset manager Apollo Global Management acquired oil/gas exploration company Catec

Acquisition Highlights
  • This is Apollo Global Management’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Apollo Global Management’s 96th transaction in the United States.
  • This is Apollo Global Management’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2023-08-22
Target Catec
Sector Oil/Gas Exploration
Buyer(s) Apollo Global Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Baker Botts (Legal)

Target

Catec

Reston, Virginia, United States
website
Catec is a provider of type iv compressed gas transportation and storage solutions in the united states. Catec’s products and services help its customers to transition away from carbon-intensive fossil fuels towards cleaner solutions such as compressed natural gas (cng), renewable natural gas (rng) and hydrogen. Catec is based in Reston, Virginia.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 132 of 134
Sector (Oil/Gas Exploration) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 16 of 16
State (Virginia) 2 of 2
Country (United States) 96 of 98
Year (2023) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Accent Family of Companies

Tomball, Texas, United States

Accent Family of Companies is a full service, value-added industrial distribution company focused on the waste/recycling and building materials industries. Through its Wire-Tie division, Accent’s core offerings include baling wire distribution, bale tie manufacturing, wire-tier equipment manufacturing, and wire-tier parts and repair services to waste management providers, material recovery facilities, packaging companies, and commercial customers throughout the United States, Canada, and the United Kingdom. Through its Building Materials division, Accent is a regional distributor of roofing, concrete, drywall, and acoustical products to the construction industry under the Striker and NATCO brands throughout the west, southwest, and gulf coast the United States. Accent Family of Companies was founded in 1986 and is based in Tomball, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Vacuumschmelze

Hanau, Germany

Vacuumschmelze is a producer of advanced magnetic solutions, rare earth permanent magnets, and inductive components. Vacuumschmelze was founded in 1923 and is based in Hanau, Germany.

Sell -
Mergr

Product

Company

Legal