M&A Deal Summary

Apollo Global Management Acquires Inspire Communities

On January 1, 2017, asset manager Apollo Global Management acquired infrastructure company Inspire Communities from American Infrastructure Funds

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Infrastructure sector.
  • This is Apollo Global Management’s 49th transaction in the United States.
  • This is Apollo Global Management’s 2nd transaction in Arizona.

M&A Deal Summary

Date 2017-01-01
Target Inspire Communities
Sector Infrastructure
Buyer(s) Apollo Global Management
Sellers(s) American Infrastructure Funds
Deal Type Secondary Buyout

Target

Inspire Communities

Phoenix, Arizona, United States
website
Inspire Communities owns and manages 36 manufactured housing communities in twelve states, representing over 13,000 individual home sites. Inspire is committed to developing communities of the highest standard from coast to coast, offering the satisfaction of home ownership combined with the affordability, convenience, and security of community living. Inspire’s management team has over 25 years in the industry, a sector that presents significant growth opportunities. Inspire Communities is based in Phoenix, Arizona.

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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 68 of 133
Sector (Infrastructure) 2 of 3
Type (Secondary Buyout) 13 of 28
State (Arizona) 2 of 2
Country (United States) 49 of 97
Year (2017) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Lumileds

Schiphol, Netherlands

Lumileds is a supplier of lighting components to the general illumination, automotive and consumer electronics. Lumileds was established in 1999 and is headquartered in Schiphol, Netherlands.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Novitex

Irving, Texas, United States

Novitex is a location-agnostic global business process automation ("BPA"​) leader combining industry-specific and multi-industry-agnostic enterprise software and solutions with decades of experience. Novitex was founded in 2013 and is based in Irving, Texas.

Sell -

Seller(S) 1

SELLER

American Infrastructure Funds

Foster City, California, United States

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 2006
Size Large
Type Sector Focused
DESCRIPTION

American Infrastructure MLP Fund is a specialist private equity group focused on natural resources and real property businesses. American looks for businesses with steady, recurring cash-flows. Specific areas of interest include oil/gas exploration, minerals/mining, forest products, fertilizers, private and publicly owned real estate assets, and any other businesses that generate stable, after tax cash-flows that can be distributed. American Infrastructure MLP was founded in 2006 and is based in Foster City, California.


DEAL STATS #
Overall 1 of 4
Sector (Infrastructure) 1 of 2
Type (Secondary Buyout) 1 of 2
State (Arizona) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Agspring

Leawood, Kansas, United States

Agspring LLC is a supplier of grains, oilseeds, and related products to growing global markets. Agspring is based in Leawood, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 CitySwitch

Atlanta, Georgia, United States

CitySwitch develops, owns and manages wireless infrastructure for broadband wireless customers across the U.S. CitySwitch specializes in scalable network development services, including the tower and small cell development, and is a pioneer in railroad asset development.

Buy -