M&A Deal Summary

Apollo Global Management Acquires U.S. Silica

On April 26, 2024, asset manager Apollo Global Management acquired metals/mining company U.S. Silica for 1.9B USD

Acquisition Highlights
  • This is Apollo Global Management’s 4th transaction in the Metals/Mining sector.
  • This is Apollo Global Management’s 25th largest (disclosed) transaction.
  • This is Apollo Global Management’s 100th transaction in the United States.
  • This is Apollo Global Management’s 16th transaction in Texas.

M&A Deal Summary

Date 2024-04-26
Target U.S. Silica
Sector Metals/Mining
Buyer(s) Apollo Global Management
Deal Type Going Private
Deal Value 1.9B USD
Advisor(s) Piper Sandler & Co. (Financial)
Morrison & Foerster (Legal)

Target

U.S. Silica

Katy, Texas, United States
U.S. Silica is a commercial silica sand provider with a focus on performance materials that are essential to modern living. U.S. Silica was founded in 2008 and is based in Katy, Texas.

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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 137 of 152
Sector: Metals/Mining M&A 4 of 4
Type: Going Private M&A Deals 31 of 31
State: Texas M&A 16 of 19
Country: United States M&A 100 of 108
Year: 2024 M&A 1 of 6
Size (of disclosed) 25 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Modern Aviation

New York, New York, United States

Modern Aviation is a platform company created to acquire and consolidate fixed-based operators (“FBOs”). Its FBOs hold long-term concessions at the airports where they operate and provide hangar space, fuel, and other aviation services. Modern Aviation was founded in 2017 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 TTC

Cypress, California, United States

TTC is a global portfolio of 18 travel brands including Trafalgar, Uniworld Boutique River Cruises, Insight Vacations, Contiki, and Brendan Vacations. TTC is based in Cypress, California.

Buy -