Apollo Funds Acquire Maverick Water Group
Apollo-managed funds have acquired Maverick Water Group, a Houston-based developer, owner and operator of alternative non-potable water systems serving communities across Texas, from funds managed by Crosstimbers Capital Group. Maverick's management team retains a minority stake and will continue to operate the company.
Why it matters — The acquisition expands Apollo's portfolio into the water infrastructure sector through an investment in Texas-based alternative water systems.