Apollo expands water-infrastructure platform with Maverick Water Group acquisition
Aug 3, 2026, 5:06 PM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Strategic expansion of infrastructure platform and near-term growth pipeline could improve fee-related and AUM growth; positive signal for long-term value creation; similar to prior infrastructure acquisitions enhancing scale.
AI summary
What happened, with direct paths to the underlying reporting
Apollo Funds acquire Maverick Water Group, expanding its water infrastructure platform and near-term pipeline. Maverick's management retains a minority stake and will continue operating in Texas, aligning with Apollo's focus on resilient, long-term infrastructure assets. Apollo has deployed over $130B in infra investments in five years and manages about $1.03T AUM as of March 31, 2026.
Apollo Funds acquire Maverick Water Group from Crosstimbers. Maverick's management retains a minority stake.
Maverick develops non-potable water systems across Texas. Growth pipeline expected.
Apollo-managed funds aim to scale platform and near-term infrastructure demand.
AUM remains around $1.03T; >$130B deployed in 5 years.
Deal date Aug 3, 2026; no price disclosed.
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