Apollo Acquires Maverick Water Group to Expand Infrastructure Portfolio

Key Facts

In a move reflecting the growing trend toward investing in critical and sustainable assets, Apollo announced that its managed funds have acquired Maverick Water Group. The acquired company specializes in developing and operating alternative non-potable water systems, serving various communities across Texas. This acquisition was made from Crosstimbers Capital Group, with Maverick's management retaining a minority stake in the business.

The acquisition aims to enable Apollo to own and operate alternative water systems in one of the fastest-growing markets, strengthening the firm's portfolio in the utilities and infrastructure sectors. According to reports, Maverick provides water solutions to real estate, industrial, and energy sectors, aligning with Apollo's strategy to expand its investments in resilient physical assets. This transaction represents a standard mid-cap private equity expansion for the group's infrastructure-related holdings.

From an economic perspective, investors are monitoring the impact of the Fed Interest Rate Decision from July 29, 2026, which held rates at 3.75%, as this environment influences financing costs for future infrastructure acquisition deals.