Apollo hybrid funds to acquire powergrid services from the sterling group

Investment will support leading provider of electric utility maintenance and construction services in its mission to address growing us power demand and needed grid improvements hartselle, ala. and new york, may 13, 2025 (globe newswire) -- apollo (nyse:apo) today announced that apollo-managed funds and affiliates associated with its hybrid strategies (the “apollo funds”) have agreed to acquire a majority stake in powergrid services (“pgs”), a leading provider of maintenance and construction services to electric utilities across the united states.
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