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Apollo Funds managed by affiliates to acquire U.S. Silica Holdings, Inc. in all-cash transaction

Jul 16, 2024over 1 year ago

Acquiring Company

Apollo Global Management

Acquired Company

U.S. Silica Holdings

New YorkFinance

Description

U.S. Silica Holdings, Inc., a diversified industrial minerals company and leading last-mile logistics provider to the oil and gas industry, has announced the approval of its acquisition by funds managed by affiliates of Apollo Global Management, Inc. The acquisition will further enhance Apollo’s investing expertise and expand its global alternative asset management business.

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