WEST PALM BEACH, Fla. and CENTENNIAL, Colo., May  06, 2026  (GLOBE NEWSWIRE) -- Siris (together with its affiliates, &#34;Siris&#34;), a leading private equity firm targeting services companies that support critical technology

Siris Completes Acquisition of TAKKION

Apollo's Funds Sell TAKKION Stake to Enhance Renewable Energy Strategy

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>WEST PALM BEACH, Fla. and CENTENNIAL, Colo., May  06, 2026  (GLOBE NEWSWIRE) -- Siris (together with its affiliates, &amp;#34;Siris&amp;#34;), a leading private equity firm targeting services companies that support critical technology</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Apollo&#039;s funds have sold a majority stake in TAKKION to Siris, focusing on expanding operations in the renewable energy sector. This transaction may enhance TAKKION&#039;s growth prospects and position Apollo to capture long-term value in increasing energy demands.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Siris acquires majority stake in TAKKION from Apollo.</li><li>The acquisition targets optimization and growth in renewable energy.</li><li>TAKKION aims to enhance service capabilities in adjacent sectors.</li><li>Apollo Funds managed the sale and acted as financial advisors.</li><li>This transaction marks a significant shift towards renewable energy solutions.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Siris (N/A)</strong>: Siris is acquiring TAKKION to expand into renewable energy services.</li><li><strong>Apollo Global Management, Inc. (APO)</strong>: Apollo benefits from this exit, refocusing on other investments.</li><li><strong>TAKKION (N/A)</strong>: TAKKION may experience accelerated growth due to strategic partnership with Siris.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This fits into Corporate Developments as it highlights significant ownership changes impacting strategic directions within the renewable energy landscape.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Apollo’s exit from TAKKION may lead to heightened investment in other energy ventures.</li><li>Increased demand for renewable energy services could boost TAKKION&#039;s profitability post-acquisition.</li><li>Improvements in operational efficiency at TAKKION may enhance overall sector attractiveness.</li><li>Siris&#039;s expertise could result in accelerated growth for TAKKION, reflecting onto APO&#039;s portfolio.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Siris has completed acquisition of TAKKION from Apollo Funds.</li><li>TAKKION is a service provider for renewable energy projects.</li><li>The acquisition aims to expand service capabilities into adjacent sectors.</li><li>Apollo Funds managed around $938 billion in assets as of December 2025.</li><li>Siris has invested approximately $9 billion since inception.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider a bullish stance on APO, anticipating gain from renewable sector dynamics in the coming quarters.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>WEST PALM BEACH, Fla. and CENTENNIAL, Colo., May  06, 2026  (GLOBE NEWSWIRE) -- Siris (together with its affiliates, "Siris"), a leading private equity firm targeting services companies that support critical technology infrastructure, today announced the completion of its previously announced acquisition of a majority stake in TAKKION, a premier integrated services provider to the renewable energy industry, from funds managed by Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/APO">APO</a>) (the "Apollo Funds"). Through this partnership, Siris and TAKKION will look to further optimize the company's operations, expand its proven service capabilities into adjacent renewable sectors, and pursue both organic and inorganic growth opportunities to drive long-term value creation.</p>  <p>"The closing of this transaction is an important milestone for TAKKION as we look to capitalize on the increasing demand for renewable energy," said Pete Bierden, Chief Executive Officer of TAKKION. "Siris is the ideal partner for our next chapter and, with the team's support, we look forward to expanding our capabilities into logical adjacencies and continuing to support our customers' evolving energy needs."</p>  <p>TD Securities and Wells Fargo served as financial advisors and Sidley Austin served as legal advisor to Siris on the transaction. Harris Williams acted as financial advisor and Vinson &amp; Elkins LLP served as legal counsel to the Apollo Funds.</p>  <p><em>About Siris</em></p>  <p>Siris is a leading private equity firm focused on control investments in North American middle-market services companies that support critical technology infrastructure underpinned by secular tailwinds, such as artificial intelligence, cybersecurity and digital transformation. Based in West Palm Beach, Florida, the firm has invested approximately $9 billion since its inception as of December 31, 2025. <a href="https://www.globenewswire.com/Tracker?data=CVDD0nhNRAEhPR3b1CSYYXY-NR31zPsv_XbeEIXZs21QdnmL7YkgUlpJWbRTkDGSK1jLgsjmS9_1zlfvadbqgg==" rel="nofollow" target="_blank">www.siris.com</a> </p>  <p><em>About TAKKION</em></p>  <p>TAKKION is a leading independent service provider delivering integrated solutions for renewable energy projects across North America. The company supports the full asset lifecycle—from logistics and transportation to construction, operations, maintenance, remanufacturing, and electrical services. With a nationwide network of skilled professionals and specialized equipment, TAKKION brings the scale and technical expertise to execute complex projects safely, efficiently, and to the highest quality standards. Guided by its core values of Safety, Integrity, and Transparency, TAKKION helps customers maximize performance and long-term asset value. Learn more at <a href="https://www.globenewswire.com/Tracker?data=u8IOPGIkgEpqZfuuAziq3-b78sMoL8bW41u1un4e5n8ccDy5EjBDCjQsCN539Z30Sb-VyqBwHjWZDpRCUi1s3lgfzTU5ntCLTAzkPkrRvPk=" rel="nofollow" target="_blank">www.takkion.com</a>.</p>  <p><em>About Apollo Global Management, Inc.</em></p>  <p>Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit <a href="https://www.globenewswire.com/Tracker?data=7TVYP7FzUqdsvZQ4QECtLpfyI9UpCgbtBZt_rsqwZJX6w_oKCSnUqqn-h6JUCl6IZWVsbX7YaXWBImkQ-ovltw==" rel="nofollow" target="_blank">www.apollo.com</a>.</p>  <p><strong>Media Contacts</strong></p>  <p>Dana Gorman / Mallory Griffin<br></br>H/Advisors Abernathy<br></br><a href="https://www.globenewswire.com/Tracker?data=kxLk18rEhlHB_InDikm-YOYJv4U1oTG7z0H2Pdnyx257CB_GH-9OMep9E7k0rfq9aw75yTwM98gJaTjmRz023HQSzuXqgfmWTC730EzXL_r5jiDPlJcAJmpxznTPVOIU" rel="nofollow" target="_blank">dana.gorman@h-advisors.global</a> / <a href="https://www.globenewswire.com/Tracker?data=FTJWrIfHr0a2eEg75_jgMrxQEkqOpRpDWOLYTsC_uwGUifbgdadwg0NyGP1KT1aix4X-0DagdBQdp2ZIpfrPhUmZ8lmLXV2vOMkBV3disEUhY494tpnf_1Go1aIWqi4-76xBHaO2ugLRAS0KygslYQ==" rel="nofollow" target="_blank">mallory.griffin@h-advisors.global</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNDQ1MyM3NTg1NzY3IzUwMDE1NDUzNw=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/N2I1MTNhZWYtMjhlZS00NWY3LWI4MzAtMjZiYzg2ODNjOTdiLTUwMDE1NDUzNy0yMDI2LTA1LTA2LWVu/tiny/Siris.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/16f99ead-ed70-4904-b793-4c5bdd68f71b"><img src="https://ml.globenewswire.com/media/16f99ead-ed70-4904-b793-4c5bdd68f71b/small/official-siris-logo-png.png" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

Apollo's funds have sold a majority stake in TAKKION to Siris, focusing on expanding operations in the renewable energy sector. This transaction may enhance TAKKION's growth prospects and position Apollo to capture long-term value in increasing energy demands.

Siris Completes Acquisition of TAKKION

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News