M&A Deal Summary

Apollo Global Management Acquires Freedom CNG

On September 12, 2024, asset manager Apollo Global Management acquired oil/gas exploration company Freedom CNG

Acquisition Highlights
  • This is Apollo Global Management’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Apollo Global Management’s 101st transaction in the United States.
  • This is Apollo Global Management’s 17th transaction in Texas.

M&A Deal Summary
Date 2024-09-12
Target Freedom CNG
Sector Oil/Gas Exploration
Buyer(s) Apollo Global Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Raymond James - Investment Banking (Financial)
Baker Botts (Legal)

Target

Freedom CNG

Houston, Texas, United States
Freedom CNG provides clean and affordable compressed natural gas (CNG) to commercial fleets, municipalities, school districts, and other high-volume fuel users through multiple fueling sites in Houston and throughout Texas. Freedom CNG is based in Houston, Texas.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 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 140 of 140
Sector (Oil/Gas Exploration) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 18 of 18
State (Texas) 17 of 17
Country (United States) 101 of 101
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Beequip

Rotterdam, Netherlands

Beequip offers financing and leasing solutions for new and used heavy equipment spanning transport, cranes, containers, maritime, and more. Beequip was founded in 2015 and is based in Rotterdam, Netherlands,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-11 GI Alliance

Dallas, Texas, United States

GI Alliance is an independent gastroenterology practice in the US, measured both by provider count and by revenue, operating in Dallas, Fort Worth, Austin, San Antonio, Houston, and several metropolitan markets in Louisiana. GI Alliance was founded in 2018 and is based in Dallas, Texas.

Sell $2.8B
Mergr

Product

Company

Legal