Apollo Management(APO)

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Doral Renewables Secures Tax Equity Financing for Great Bend Solar Project
Prnewswire· 2025-04-29 11:00
Core Insights - The Great Bend project in Meigs County, Ohio, will have a solar power generating capacity of 48 MWac, expected to power approximately 9,000 homes once operational [1] - The project will generate revenue through energy sales and renewable energy certificates via a long-term Power Purchase Agreement (PPA) with a major U.S. utility [1] - The project is anticipated to provide over $400,000 annually in new tax revenue for Meigs County [1] - Doral Renewables aims to achieve commercial operations for the Great Bend project by Q4 2025 [1] Company Overview - Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets across the U.S., with a solar and storage development portfolio exceeding 16 GW [3] - The company currently has 400 MW in operation and 950 MW under construction, operating in 20 states and seven electricity markets [3] - Doral has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers [3] - The company emphasizes community engagement and aims to integrate agrivoltaics practices into its projects [3] Financial Partnerships - Fifth Third Bank is leading the tax equity financing for the Great Bend project, indicating a strong partnership with Doral [2] - Doral's CFO expressed excitement about the partnership, highlighting its importance for future growth and project execution [2]
Apollo Funds to Acquire Pan-European, Highly Interconnected Colocation Data Center Business from STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure
Globenewswire· 2025-04-29 07:00
Core Viewpoint - Apollo has agreed to acquire the European colocation business developed and managed by STACK Infrastructure in a carve-out transaction, aiming to leverage its expertise and resources to accelerate growth in the data center sector [1][3]. Company Overview - The Company consists of seven data center assets located in five key European markets: Stockholm, Oslo, Copenhagen, Milan, and Geneva, catering to a diverse range of blue-chip enterprise clients including telecommunications carriers, IT services companies, and financial institutions [2]. Strategic Intent - The CEO of the Company expressed enthusiasm about partnering with Apollo to enhance growth as a standalone entity, emphasizing the potential to capitalize on industry tailwinds and deliver greater value to stakeholders [3]. - Apollo's partner highlighted the strong demand for data center infrastructure, particularly for high-quality, interconnected colocation businesses, viewing this acquisition as a long-term growth opportunity [3]. Operational Focus - STACK EMEA's CEO noted the establishment of a dedicated enterprise colocation business unit to meet the specialized needs of the hyperscale sector while ensuring continued support for former enterprise colocation clients [3]. - The management team and all employees from the EMEA colocation business are expected to transition with the Company, which will undergo rebranding and will no longer use the STACK Infrastructure name [3]. Transaction Details - The acquisition is subject to certain closing conditions, including regulatory approvals, with Latham & Watkins LLP serving as legal counsel to the Apollo Funds [4].
Sam Meckey Named President of WestCX
Globenewswire· 2025-04-28 13:00
Core Viewpoint - West Technology Group, LLC has appointed Sam Meckey as President of its WestCX business unit, aiming to enhance its leadership in technology-enabled services [1][4]. Group 1: Leadership Appointment - Sam Meckey has extensive experience in the healthcare industry, previously serving as CEO of UpHealth and leading the healthcare business at EXL Services [2]. - Meckey's background includes significant roles at Optum, where he managed a $1 billion global BPO/ITO business [2]. - His educational qualifications include a BS in Economics from the United States Naval Academy, an MS in Aerospace Operations from Embry-Riddle Aeronautical University, and an MBA from Harvard Business School [2]. Group 2: Business Unit Overview - WestCX provides AI-driven omnichannel solutions that enhance customer interactions and optimize engagement, leading to improved efficiency and customer satisfaction [3]. - The WestCX unit encompasses the TeleVox and Mosaicx brands, indicating a focus on innovative technology solutions [3]. Group 3: Company Background - West Technology Group is a cloud-based global technology partner, facilitating critical connections for clients worldwide [5]. - The company operates in multiple regions, including the United States, Canada, Europe, Asia Pacific, and Latin America, showcasing its global reach [6]. - West is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. [6].
Press Release Formatting Tips: How to Make Your News Stand Out
Globenewswire· 2025-04-28 13:00
About Notified Best Practices to Boost Readability and Media Attention NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- Formatting your press release correctly is just as important as the content. A clear, well-structured release makes your news more engaging, grabs media attention and helps your story shine. To ensure your next press release gets the attention it deserves, our blog features expert formatting tips. You'll learn: Read the full post. We are Notified, and your story goes here. As the only technolo ...
The More It Underperforms, The More I Buy
Seeking Alpha· 2025-04-27 16:00
Group 1 - Markets have experienced significant growth over the past several years, despite a challenging start in 2025, primarily driven by the rise of ChatGPT and strong performance from AI infrastructure companies like Nvidia [1] - Nvidia has been highlighted as a key player in the AI infrastructure sector, contributing to the overall market boom [1] Group 2 - The company invests substantial resources, including thousands of hours and over $100,000 annually, into identifying profitable investment opportunities [2] - The investment strategy has garnered over 180 five-star reviews from members, indicating a positive reception and effectiveness of the approach [2]
TeleVox Unveils End-to-End Call Analytics Solution Insights360
Newsfilter· 2025-04-23 13:00
Core Insights - TeleVox has launched Insights360, a cloud-based analytics solution designed to enhance patient call experiences by analyzing every aspect from dial to disconnect [1][3] - The technology records calls within the telecom network and generates patient-centered data, focusing on the customer's perspective rather than the agent's [3][4] Product Features - Insights360 provides customized analytics to identify specific challenges in healthcare organizations, enabling smarter self-service and reduced operational costs [4] - The solution offers actionable insights, such as identifying network connectivity issues, reasons for agent transfers, and analyzing repeat calls for better resolution [4] Industry Context - TeleVox serves over 7,000 healthcare organizations, integrating its patient relationship management platform with electronic health records to facilitate two-way interactions [6] - The company has been in operation for 30 years, focusing on improving healthcare communication and reducing the operational burden on staff [6][7] Upcoming Events - TeleVox will showcase Insights360 at the Becker's Healthcare Annual Meeting from April 28 to May 1 in Chicago, where attendees can participate in live demos and workshops [5]
Apollo Funds Form $220 Million Community Solar Joint Venture with Bullrock Energy Ventures
Globenewswire· 2025-04-23 12:14
Core Insights - Apollo and Bullrock Energy Ventures announced a joint venture with a commitment of up to $220 million for community solar assets in New York and New England, with $100 million allocated for developing Bullrock's nearly 500 MW renewable energy pipeline [1][2][3] Company Overview - Bullrock Energy Ventures is a high-growth renewable energy company based in Vermont, operating throughout the Northeast with a vertically integrated model that includes deal sourcing, underwriting, development, construction, financing, and asset management [2][7] - Over the past decade, Bullrock has developed nearly 500 MW of solar projects across New England, New York, and the Midwest, providing affordable clean energy to local residents and businesses [2][7] Investment Strategy - Apollo's investment in Bullrock aims to enhance community solar access, which is seen as a solution to expand local access to clean energy, benefiting individuals, households, and businesses [3] - Apollo-managed funds have committed approximately $58 billion to climate and energy transition-related investments over the past five years, supporting clean energy and infrastructure projects [3] Future Goals - Apollo has set targets to deploy, commit, or arrange $50 billion by 2027 and more than $100 billion by 2030 under its Climate and Transition Investment Framework [5]
3 Dividend (Growth) Stocks Selling For 60 Cents On The Dollar
Seeking Alpha· 2025-04-22 11:30
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NovaSource and Doral Renewables Prepare to Deploy One of the US' Largest Agrivoltaics Facilities in Northwest Indiana
Prnewswire· 2025-04-21 13:00
Core Insights - NovaSource Power Services has partnered with Doral Renewables to provide Operations and Maintenance (O&M) and Generator Operator (GO) services for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the U.S. [1][4] - The Mammoth Solar Project aims to deliver nearly 1.6 GWdc of clean energy through a multi-phase initiative that integrates solar power generation with agricultural use, enhancing land functionality and supporting local farmers [2][6]. Company Overview - NovaSource is the world's largest independent solar O&M provider, managing over 30 GW of solar assets globally and offering a comprehensive suite of services including data-driven strategies and advanced monitoring systems [7][8]. - Doral Renewables, based in Philadelphia, has a renewable energy portfolio exceeding 16 GW, with a focus on community engagement and agrivoltaics practices [9][10]. Project Details - The Mammoth Solar Project consists of four phases, with Mammoth North (480 MWdc) completed in Q4 2024, and Mammoth South (360 MWdc), Mammoth Central I (360 MWdc), and Mammoth Central II (360 MWdc) expected to achieve commercial operation in 2026 [2]. - The project is designed to allow local farmers to diversify their revenue streams while maximizing land use, thereby supporting sustainable farming practices [2][5]. Strategic Importance - The collaboration between NovaSource and Doral Renewables is positioned to set new industry benchmarks for scale, sustainability, and innovation in large-scale solar initiatives [4][6]. - NovaSource's expertise in O&M services and compliance will ensure the Mammoth Solar Project operates at its full potential, contributing to the growing demand for reliable energy [3][4].
Apollo Announces Changes to its Board of Directors
Globenewswire· 2025-04-17 20:05
Gary Cohn to join the Board as Lead Independent Director Outgoing Chair and Lead Independent Director Jay Clayton assuming role as interim US Attorney for SDNY NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced changes to its Board of Directors. Financial services leader Gary Cohn has been appointed to the Board as Lead Independent Director. Jay Clayton, who has served as Chair and Lead Independent Director since March 2021, has informed Apollo that he will assume the role of In ...