AcquisitionsApr 23, 2026, 08:02 AM
Apollo Funds to Acquire 40% Stake in Pembina Gas Infrastructure
AI Summary
Apollo-managed funds have agreed to acquire a 40% equity stake in Pembina Gas Infrastructure Inc. (PGI) from KKR-managed funds. Pembina Pipeline Corporation will retain its 60% ownership and operational control of PGI, a major gas processing platform in Western Canada. This acquisition positions Apollo to capitalize on growth opportunities in North American energy infrastructure, with the transaction expected to close by the end of Q2 2026.
Key Highlights
- Apollo Funds to acquire 40% stake in Pembina Gas Infrastructure.
- Pembina Pipeline Corp. to retain 60% ownership and management.
- PGI operates 23 gas processing plants and 3,900 km of pipelines.
- Transaction expected to close by end of Q2 2026.