Apollo Funds Acquire Maverick Water Group

Apollo acquires Maverick Water Group, but omits all deal and target financials.

Risk flags

• ●The absence of transaction value, revenue, EBITDA, or other financial metrics for Maverick Water Group means investors cannot assess the deal’s scale, accretion, or risk profile. This lack of disclosure is material because it prevents any quantitative evaluation of the acquisition’s impact on Apollo’s financials.
• ●Forward-looking statements about scaling Maverick’s platform and meeting demand are unaccompanied by timelines, quantified targets, or supporting data. This introduces execution risk, as investors have no basis to judge the feasibility or pace of the stated growth ambitions.
• ●The announcement relies on Apollo’s aggregate investment history and assets under management to imply credibility, but these figures are not specific to this transaction. This pattern can obscure deal-specific risks or underperformance, as large-scale credentials do not guarantee success in individual acquisitions.

Bottom line

Apollo’s acquisition of Maverick Water Group is presented as a strategic move in sustainable infrastructure, but the announcement omits all material financial details, including purchase price, Maverick’s revenue, and expected returns. The only numbers disclosed relate to Apollo’s overall investment scale, not the specifics of this deal. Claims about Maverick’s market position and growth potential are unsupported by data, and there is no timeline or operational detail to assess execution risk. For investors, this announcement is not actionable without further disclosure of deal terms and target financials. The most important takeaway is that the transaction’s impact cannot be evaluated based on the information provided. Investors should expect additional detail before drawing conclusions about value creation or risk.

Announcement summary

(NYSE: APO) Apollo announced that Apollo-managed funds have acquired Maverick Water Group, a Houston-based developer, owner and operator of alternative non-potable water systems, from funds managed by Crosstimbers Capital Group. Maverick’s management team retains a minority stake and continues to operate the Company. Apollo Funds have deployed more than $130 billion across infrastructure and infrastructure-related investments over the past five years. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management. Maverick Water Group was founded in 2018 and is headquartered in Houston, Texas. Guggenheim Securities acted as financial advisor to Maverick in connection with the transaction. Latham & Watkins LLP served as legal counsel to Crosstimbers, and Vinson & Elkins LLP served as legal counsel to Apollo Funds.

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