Apollo funds acquire Maverick Water Group from Crosstimbers

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Apollo Funds Acquire Maverick Water Group

August 3, 2026 5:00 PM EDT

NEW YORK and HOUSTON, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (Apollo Funds) have acquired Maverick Water Group (Maverick or the Company), a Houston-based developer, owner and operator of alternative non-potable water systems that serve communities across Texas, from funds managed by Crosstimbers Capital Group (Crosstimbers). Mavericks management team retains a minority stake and continues to operate the Company.

Founded in 2018, Maverick develops alternative water system assets, purpose-built in partnership with real estate development and industrial customers to support reliable non-potable water supply. With Apollo Funds support, the Company plans to... More