Siris To Acquire Majority Stake In TAKKION From Apollo Global For Undisclosed Terms

Siris signed a definitive agreement to acquire a majority stake in TAKKION from funds managed by Apollo Global Management; financial terms were not disclosed. TAKKION is a services provider to the renewable energy industry, and the deal underscores continued private-equity interest and potential consolidation in renewable-service providers but is unlikely to move public markets absent disclosed economic terms.

Analysis

Siris signed a definitive agreement to acquire a majority stake in TAKKION from funds managed by Apollo Global Management; financial terms were not disclosed. TAKKION is a services provider to the renewable energy industry, and the deal underscores continued private-equity interest and potential consolidation in renewable-service providers but is unlikely to move public markets absent disclosed economic terms.