Apollo Global Management (APO) Acquires Majority Stake in Noble Environmental

Apollo Global Management, Inc. (NYSE:APO) is one of the Best Value Stocks to Buy for Long Term Investment. On May 12, the company announced Apollo managed firm has acquired a majority stake in Noble Environmental, Inc. Noble Environment is a waste management company with operations spanning the Northeast, Mid-Atlantic, and Midwest United States.

​Management noted that the company offers a vertically integrated suite of services, including solid waste collection, hauling, transfer, and disposal to both municipal and commercial customers. The company also operates a growing renewable natural gas business that captures landfill gas and converts it into pipeline-quality fuel.

​Partners at Apollo Global Management, Inc. (NYSE:APO), Scott Browning and Brad Fierstein, pointed to the company’s scarce permitted landfill assets, fully integrated service model, and expanding RNG operations as key drivers of long-term value. Latham & Watkins advised the company on the deal, while Guggenheim Securities acted as financial advisor, and Vinson & Elkins served as legal counsel to Noble Environmental’s Strategic Alternatives Committee.

​Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative asset manager that specializes in credit, private equity, and real estate investments. It provides capital solutions to businesses, operates extensively in retirement services, and aims to generate income-oriented returns across market cycles for its investors.

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