Apollo Global Management, Inc. to acquire U.S. Silica Holdings, Inc. for $1.85 billion
04/26/24, 11:10 AM
Location
new yorkIndustry
finance
Apollo Global Management, Inc. has entered into a definitive agreement to acquire U.S. Silica Holdings, Inc. for approximately $1.85 billion in an all-cash transaction. The acquisition marks a strategic move for Apollo Funds to enhance their investment portfolio and support U.S. Silica's long-term objectives while maintaining its core values and customer-centric approach.
Company Info
Location
New York, New York, United States
Company info
Apollo Global Management, Inc. is a high-growth, global alternative asset manager. The company's asset management business seeks to provide clients excess return with a focus on three investing strategies: yield, hybrid, and equity. Through Athene, its retirement services business, Apollo specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions.