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Apollo Global Management (APO) Reports Acquisition of US Telecommunications Tower Platform from Lendlease
October 14, 2020 4:31 PM EDTApollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo or the Firm) and Lendlease, a leading international property and investment group, today announced that certain funds managed by affiliates of Apollo (Apollo Funds) have acquired from Lendlease a US telecommunications platform, including a portfolio of operating cell towers and a pipeline of contracted towers under development. The acquired company will rebrand itself as Parallel Infrastructure (the Company), the same name it held prior to being acquired by Lendlease in 2017. Parallel Infrastructure will be led by CEO Yannis Macheras and its management team from its... More
