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Apollo Funds to acquire U.S. Silica Holdings, Inc. for $1.85 Billion

Apr 26, 2024over 1 year ago

Acquiring Company

Apollo Global Management

Acquired Company

U.S. Silica Holdings

New YorkFinance

Description

U.S. Silica Holdings, Inc. has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo, one of the world's premier investment firms. The all-cash transaction values U.S. Silica at an enterprise value of approximately $1.85 billion.

Company Information

Company

Apollo Global Management

Location

New York, New York, United States

About

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 credit 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.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed