Overview

• Apollo Global Management has agreed to purchase a controlling interest in Stream Data Centers from Stream Realty Partners with financial terms undisclosed.
• The deal is expected to close by the end of 2025 and deepens Apollo’s footprint in digital infrastructure.
• Apollo will seed a dedicated land fund to accelerate the development of 650 MW of near-term power capacity across three major U.S. markets.
• Stream Data Centers’ leadership team will retain operational control and a minority ownership stake after closing.
• Goldman Sachs & Co. advised Stream and Moelis & Company advised Apollo on the transaction with legal counsel from Akin Gump and Latham & Watkins.