Apollo Funds Acquires Majority Interest In Freedom CNG; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Apollo Funds has acquired a majority interest in Freedom CNG, a company that operates CNG and RNG fueling infrastructure in Texas. The terms of the deal were not disclosed.
September 12, 2024 | 8:17 pm
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Apollo Funds, associated with Apollo Global Management (APO), has acquired a majority interest in Freedom CNG, enhancing its presence in the CNG and RNG fueling infrastructure sector.
The acquisition of Freedom CNG by Apollo Funds suggests a strategic expansion in the energy sector, particularly in CNG and RNG infrastructure. This could positively impact APO's stock as it diversifies and strengthens its portfolio in a growing industry.
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IMPORTANCE 70
RELEVANCE 80