Apollo announced that Apollo-managed funds have agreed to acquire Eagle Creek Renewable Energy.
Eagle Creek owns and operates 85 hydroelectric facilities across 18 states, providing renewable power to support rapidly growing energy demand from data center infrastructure and the Industrial Renaissance in the US Hydropower is differentiated as a low-carbon, reliable energy source with baseload capabilities.
The Company’s nearly 700 MW portfolio makes it one of the largest and most diversified independent hydro platforms in the country, and its facilities produce enough electricity to power over 260,000 homes.
“The Eagle Creek team has built one of the leading independent hydro portfolios in the U.S., with a strong safety and performance track record and a diversified footprint,” said Joseph Romeo, Partner at Apollo. “We see a significant opportunity to support the business in its next phase—further expanding the platform and providing reliable, clean power generation to meet the growth in demand. We look forward to bringing our network and significant industry experience to bear alongside this highly experienced team as we seek to accelerate growth.”
“We’re incredibly proud of the platform our team has built to date, providing clean, reliable power to communities, utilities, and businesses across the U.S.,” said Neal Simmons, Chief Executive Officer of Eagle Creek. “With the Apollo team’s support, we look forward to building on that foundation, strengthening our operations and finding new ways to serve the growing needs of our customers.”
Since 2022, Apollo-managed funds and affiliates have committed, deployed, or arranged approximately $59 billion1 of energy transition-related investments, supporting companies and projects across energy, infrastructure, and industrial sectors.
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to be completed in the first quarter of 2026.
BMO Capital Markets served as financial advisor and Vinson & Elkins served as legal counsel to Apollo Funds.
