M&A Deal Summary

Apollo Global Management Acquires Eagle Creek Renewable Energy

On October 6, 2025, asset manager Apollo Global Management acquired renewable energy company Eagle Creek Renewable Energy from Ontario Power Generation

Acquisition Highlights
  • This is Apollo Global Management’s 1st transaction in the Renewable Energy sector.
  • This is Apollo Global Management’s 107th transaction in the United States.
  • This is Apollo Global Management’s 3rd transaction in Maryland.

M&A Deal Summary

Date 2025-10-06
Target Eagle Creek Renewable Energy
Sector Renewable Energy
Buyer(s) Apollo Global Management
Sellers(s) Ontario Power Generation
Deal Type Divestiture

Target

Eagle Creek Renewable Energy

Bethesda, Maryland, United States
Eagle Creek Renewable Energy owns, operates, and develops hydroelectric power projects. Its projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B 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 150 of 151
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 28 of 28
State: Maryland M&A 3 of 3
Country: United States M&A 107 of 108
Year: 2025 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-13 Kelvion

Herne, Germany

Kelvion is a manufacturer of industrial heat exchangers for different kinds of markets. Kelvion was founded in 1920 and is based in Herne, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-03 Stream Data Centers

Dallas, Texas, United States

Stream Data Centers specializes in developing secure, independent, highly efficient data centers for Corporate America. Stream Data Centers was founded in 1999 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Ontario Power Generation

Toronto, Ontario, Canada

Category Company
Founded 1999
Sector Utilities
DESCRIPTION

Ontario Power Generation, Inc. produces almost half of the electricity that Ontario homes, schools, hospitals and businesses rely on each day. Company are committed to ensuring energy production is reliable, safe and environmentally sustainable for Ontarians today and for the future.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Cube Hydro Partners

Bethesda, Maryland, United States

Cube Hydro Partners LLC is an operator of small and medium-sized 19 hydropower facilities, providing 385 MW of in-service capacity facilities based in the northeast and southeast United States. Cube Hydro Partners LLC was founded in 2014 and is based in Bethesda, Maryland.

Buy -