Acquisition Continues the Expansion of TAKKION's Renewable
Energy Operations and Maintenance Services
DALLAS,
May 3,
2022 /PRNewswire/ -- TAKKION TP&L Holdings LLC
("TAKKION" or the "Company"), a portfolio company of funds managed
by affiliates of Apollo Global Management, Inc. (NYSE: APO)
(together with its consolidated subsidiaries, "Apollo") today
announced that it has acquired Broomfield, CO-based Harvest Energy Services,
LLC ("Harvest"). Harvest is an independent services provider of
operations and maintenance ("O&M") solutions to the renewable
energy industry.
TAKKION Acquires Harvest Energy
Services
TAKKION is a premier independent services
provider supporting the energy transition. The acquisition of
Harvest demonstrates the continued expansion of TAKKION's
capabilities in long-term O&M solutions for renewable energy
markets. Harvest is TAKKION's third significant acquisition in less
than 18 months and expands TAKKION's scale and capabilities in the
wind services market.
Harvest acquisition expands TAKKION's scale
and capabilities in the wind services market
The Harvest team will join TAKKION's leading
logistics and O&M services companies: Transportation Partners
and Logistics ("TP&L"), Global Specialized Services ("GSS"),
RENEW, and AIRWAY SERVICES. The addition of Harvest will grow
TAKKION's wind O&M presence in North
America, meaningfully enhancing TAKKION's ability to provide
comprehensive solutions for the evolving needs of the renewable
energy supply chain. In particular, the Harvest acquisition expands
TAKKION's technical capabilities in blade repair, and adds a high
throughput, state of the art training center in Broomfield, Colorado that will support
continued hiring and job creation for the renewable energy
industry.
"We are ecstatic to welcome Harvest to TAKKION.
Harvest has a long history of performance and we are fortunate to
incorporate the expertise of its employees into our businesses. We
see compelling opportunities to expand the already market-leading
scope of TAKKION's services, leveraging Harvest's skills and
equipment. The acquisition of Harvest furthers our goal to be the
strongest partner to companies across the renewable energy
industry." said Jim Orr, CEO of
TAKKION.
Vinson & Elkins LLP acted as legal counsel to
TAKKION in this transaction. Kirkland & Ellis LLP acted as
legal counsel to Harvest.
ABOUT TAKKION
TAKKION is a premier
independent service provider of logistics, O&M, and technical
repair and remanufacturing services to the renewable energy
industry. With the industry's largest network of people and assets
across North America, TAKKION is
uniquely positioned to support and optimize the growth and
lifecycle of renewable energy. Our brands TP&L, GSS, RENEW, and
AIRWAY SERVICES work together seamlessly to deliver quality,
performance, and efficiency for our customers. We live by our core
values of safety, integrity, transparency, and putting our people
& customers first. To learn more about how TAKKION is Moving
Energy Forward, visit www.TAKKION.com/
ABOUT APOLLO
Apollo is a global,
high-growth alternative asset manager. In our asset management
business, we seek to provide our clients excess return at every
point along the risk-reward spectrum from investment grade to
private equity with a focus on three business strategies: yield,
hybrid, and equity. For more than three decades, our investing
expertise across our fully integrated platform has served the
financial return needs of our clients and provided businesses with
innovative capital solutions for growth. Through Athene, our
retirement services business, we specialize in helping clients
achieve financial security by providing a suite of retirement
savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of December 31, 2021, Apollo had
approximately $498 billion of assets under management. To
learn more, please visit www.apollo.com.
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SOURCE Takkion TP&L Holdings LLC