CEO Marc Rowan announced during the 2024 earnings call that Apollo is pursuing modest mergers and acquisitions to bolster its investment strategies. Highlighting the recent acquisition of Argo Infrastructure Partners, Rowan emphasized that future purchases would aim to enhance Apollo's lending capacities. This shift marks a departure from his previous focus on executing without pursuing growth through M&A. As economic conditions improve, particularly with a more favorable business climate, Apollo plans to strategically grow its private credit assets, aligning with broader trends in public and private markets.
You should expect us to continue to do modest M&A along the same lines where we are quite focused on increasing our capacity to originate.
The firm plans to acquire companies that stand to help expand Apollo's lending capabilities.
This acquisition of Argo Infrastructure Partners is a prototype of what Apollo is planning.
One of Marc Rowan's favorite refrains as CEO of Apollo has been 'no new toys,' emphasizing a focus on execution over M&A.
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