Snapshot from Aug 20, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Apollo acquires Maverick Water Group
Business acquisition

Apollo acquires Maverick Water Group

Analysis based on 7 articles · First reported Aug 03, 2026 · Last updated Aug 03, 2026

Sentiment
20
Attention
2
Articles
7
Market Impact
General
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Market Impact

The acquisition expands Apollo's infrastructure portfolio in the water sector, potentially strengthening its position in sustainable infrastructure investments. For Maverick, the deal provides capital and support to accelerate growth, while Crosstimbers exits its investment, likely realizing a return.

Water infrastructure Alternative asset management
Event Summary

Apollo Global Management, through its managed funds, acquired Maverick Capital, a Houston-based developer, owner, and operator of alternative non-potable water systems serving communities across Texas. The acquisition was completed from funds managed by Crosstimbers Capital Group. Financial terms were not disclosed. Maverick's management team retains a minority stake and continues to operate the company. Founded in 2018, Maverick develops alternative water system assets in partnership with real estate development and industrial customers. With Apollo's support, the company plans to scale its platform and pipeline to meet demand for efficient, sustainable water infrastructure. Apollo has deployed over $130 billion in infrastructure investments over the past five years. Guggenheim Partners acted as financial advisor to Maverick, Latham & Watkins LLP served as legal counsel to Crosstimbers, and Vinson & Elkins LLP served as legal counsel to Apollo.

Key Actions
100 Apollo Global Management acquired Maverick Capital
90 Crosstimbers Capital Group sold Maverick Capital
Entities Involved
stock
Apollo Global Management
Acquired Maverick Capital, expanding its infrastructure portfolio. Positive for Apollo's growth in water infrastructure.
Importance 100.0 Sentiment 20.0
priv
Maverick Capital
Acquired by Apollo, gaining capital and support to scale its water systems platform. Positive for its growth prospects.
Importance 100.0 Sentiment 30.0
priv
Crosstimbers Capital Group
Sold Maverick Capital, exiting its investment. Likely realized a return on its formation capital.
Importance 70.0 Sentiment 10.0
priv
Guggenheim Partners
Acted as financial advisor to Maverick in the transaction.
Importance 20.0 Sentiment 0.0
per
Jon Levinson
Managing Director in Apollo's Infrastructure Group, commented on the acquisition.
Importance 20.0 Sentiment 0.0
per
Dustin Kinder
CEO of Maverick Capital, commented on the acquisition and partnership.
Importance 20.0 Sentiment 0.0
per
Trevor Brock
Co-founder and Managing Partner of Crosstimbers, commented on the sale.
Importance 15.0 Sentiment 0.0
priv
Latham & Watkins
Served as legal counsel to Crosstimbers on the transaction.
Importance 10.0 Sentiment 0.0
priv
Vinson & Elkins
Served as legal counsel to Apollo Funds on the transaction.
Importance 10.0 Sentiment 0.0
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