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Siris to Acquire 19.1% Stake in Agfa-Gevaert
Siris to Acquire 19.1% Stake in Agfa-Gevaert
WEST PALM BEACH, Fla., Sept. 28, 2026 (GLOBE NEWSWIRE) -- Siris Capital Group (together with its affiliates, “Siris”), a leading private equity firm focused on control investments in mission-critical services businesses, today announced a strategic investment in Agfa-Gevaert NV (“Agfa”) (Euronext Brussels: AGFB), under which Siris has agreed to acquire a 19.1% ownership stake in the company from Active Ownership. Terms of the transaction were not disclosed.
The investment follows the previously announced agreement to combine Agfa's Digital Printing Solutions business ("Agfa DPS") with Electronics for Imaging, Inc. ("EFI"), a Siris portfolio company, creating a global, full-service industrial inkjet company in which Siris will hold a 60% interest and Agfa 40%. Together, the two transactions establish a strategic relationship spanning both the combined inkjet business and Agfa's broader platform.
Through the investment, Siris will deepen its exposure to the combined EFI-Agfa DPS business while also gaining broader exposure to Agfa’s HealthCare IT business, which is accelerating its shift to cloud and SaaS delivery with double-digit recurring revenue growth targets and three Best in KLAS 2026 awards.
“Agfa is a company with nearly 160 years of history, differentiated technical expertise and leading positions across attractive end markets,” said Frank Baker, Co-Founder and Managing Partner of Siris. “Through our work with the Agfa team on the EFI-Agfa DPS combination, we have gained an even deeper appreciation for the strength of the business, the quality of its people and the significant opportunities ahead. We are excited to deepen our relationship with Agfa and to serve as a constructive shareholder as the company continues to invest in its growth businesses and build on the transformation underway across the company.”
The investment is conditioned on the completion of the EFI-Agfa DPS combination and is expected to close concurrently with it, subject to customary regulatory approvals and closing conditions.
Evercore served as financial advisor and Sidley Austin LLP served as legal advisor to Siris on the transaction.
About Siris
Siris is a leading private equity firm focused on control investments in services businesses that enable transformative technologies to scale. The firm invests in companies that support the underlying infrastructure for these technologies and help enterprises integrate them into critical operational workflows. Based in West Palm Beach, Florida, Siris has deployed more than $9 billion of equity capital since inception. www.siris.com
About Agfa-Gevaert
The Agfa-Gevaert Group is a leading company in imaging technology, with nearly 160 years of experience. Agfa develops, manufactures and markets analog and digital systems for the healthcare sector, for the printing industry, for the green hydrogen industry and for specific industrial applications. In 2025, the Group realized a turnover of €1.1 billion.
Media Contact:
Kate Kelley / Madeline Jones / Woomi Yun
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Siris-JF@joelefrank.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the proposed combination of Electronics for Imaging, Inc. (“EFI”) and Agfa-Gevaert’s Digital Printing Solutions business (“Agfa DPS”), the anticipated timing of completion of the transaction, including the expectation that it will close by the end of 2026, expected synergies and other benefits of the transaction, and the future operations, business prospects, financial performance and performance of the combined company. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “may,” “could,” “should,” “would,” “potential” and similar expressions.
These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results and developments to differ materially. Such risks and uncertainties include, among others, the ability to obtain required regulatory approvals; the completion of customary employee information and consultation processes; the satisfaction of other closing conditions; the possibility that the transaction may be delayed or not completed on the anticipated terms or timeline; the ability of EFI, Agfa-Gevaert and Siris to realize the anticipated benefits and synergies; risks associated with integrating the businesses, technologies, operations, employees, systems and customer and supplier relationships of EFI and Agfa DPS; business disruption and the retention of key personnel; and changes in market conditions, customer demand, competition, economic conditions or other factors affecting the industrial inkjet industry and the combined company.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are not guarantees of future performance. Neither EFI, Agfa-Gevaert nor Siris, nor, following completion of the transaction, the combined company, undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise, except as may be required by applicable law.
EFI and Agfa’s DPS Business to Combine and Form a Global, Full-Service Industrial Inkjet Company
EFI and Agfa’s DPS Business to Combine and Form a Global, Full-Service Industrial Inkjet Company
Mortsel, Belgium and Londonderry, N.H. – September 28, 2026 – Electronics for Imaging, Inc. (“EFI”), a leading industrial inkjet business and portfolio company of Siris, and Agfa-Gevaert (“Agfa”) today announced a definitive agreement to combine Agfa’s Digital Printing Solutions business (“Agfa DPS”) with EFI. An affiliate of Siris will hold a 60% interest and Agfa will hold a 40% interest in the jointly held company, which will bring together the operating capabilities of EFI and Agfa DPS under a governance structure whereby Siris and Agfa will act as equal partners.
The agreement follows the global partnership EFI and Agfa established in 2024, which enabled both companies to expand their product offerings through access to complementary technologies, underscoring the value that their respective strengths, application expertise and expanded portfolios could create for customers worldwide.
The combination brings together two leading businesses with specialized technology capabilities and application focus areas to create a scaled industrial inkjet business with breadth across the fastest-growing segments of the industry. Backed by a global service network, the combined company will draw on a broader base of inkjet expertise spanning print engines, inks, software and workflow, shortening the path from development to production for customers.
EFI brings global leadership in industrial inkjet, helping customers accelerate the transition from analog to digital imaging, with particular strength in digital single pass for corrugated packaging, roll-to-roll, hybrid and textile printers through its Nozomi, VUTEK and Reggiani platforms. Agfa DPS is a leading provider of industrial inkjet solutions, with distinct strengths in display graphics, décor and packaging applications. Its recently renewed portfolio includes the Jeti TAURO, Onset PANTHERA and SpeedSet ORCA platforms. Together, EFI and Agfa DPS expect to generate approximately €540 million ($625 million) of revenue in 2026 on a pro forma basis and will serve a diversified base of thousands of customers across more than 100 countries, supported by complementary geographic strengths across North America and Europe and a global sales and service network.
The combined company is expected to have the potential to realize significant synergies over time, driven by enhanced cross-selling opportunities and the benefits of a platform with greater scale, including expanded access to new applications and geographies.
“Today’s announcement reflects our long-term commitment to digital printing and our conviction in the future of the industry,” said Pascal Juéry, CEO of Agfa-Gevaert. “By bringing together Agfa DPS and EFI, we are creating a stronger business with greater scale, broader access and enhanced innovation capabilities. Rather than continue as a standalone business, we are choosing to partner with Siris to unlock the next phase of accelerated growth for our DPS business while maintaining meaningful upside for Agfa’s stakeholders.”
“Since our investment in EFI in 2019, we have supported the company’s evolution into a focused industrial inkjet leader, drawing on our experience helping technology and industrial businesses scale,” said Frank Baker, Co-Founder and Managing Partner, and David Calamai, Managing Director, of Siris. “EFI and Agfa DPS bring together distinct and complementary capabilities, forming a business with the reach and depth to do more for customers across more markets. We look forward to partnering with Agfa to accelerate innovation and expansion for customers worldwide.”
“At Agfa, we believe this combination can help accelerate the adoption of digital printing across the industry,” said Vincent Wille, President of Agfa DPS. “By combining technology leadership, global reach and deep application expertise, we can help our customers achieve new levels of productivity, agility and sustainable growth, enabling them to innovate faster, reduce waste and create lasting value across the entire print ecosystem.”
“Our partnership with Agfa over the past two years has highlighted the strength of our complementary technologies, expertise and teams,” said Frank Pennisi, CEO of EFI. “This combination is a natural next step that allows us to build on that momentum with a broader platform, accelerating innovation and expanding the solutions we can deliver to customers across industrial inkjet.”
The proposed transaction is expected to close by the end of 2026 and is subject to customary employee information and consultation processes, regulatory approvals and closing conditions. EFI and Siris were advised by DC Advisory, which acted as exclusive financial advisor, and Sidley Austin LLP, which served as legal advisor.
About EFI EFI™ is a global technology company focused on advancing the transformation from analog to digital imaging. The company has a scalable portfolio of products, solutions, services and support for the manufacturing of signage, packaging, textiles and other industrial printing applications. EFI’s offerings include a wide range of printers, inks, digital front ends and workflow software designed to help customers increase profits, improve productivity and optimize production workflows. www.efi.com
About Agfa-Gevaert The Agfa-Gevaert Group is a leading company in imaging technology, with nearly 160 years of experience. Agfa develops, manufactures and markets analog and digital systems for the healthcare sector, for the printing industry, for the green hydrogen industry and for specific industrial applications. In 2025, the Group realized a turnover of €1.1 billion. Through its Digital Printing Solutions (DPS) business unit, Agfa provides cutting-edge inkjet printing solutions—equipment, consumables, software and services—designed for high-quality, efficient production in the sign & display and packaging market, as well as a broad range of industrial markets. www.agfa.com
About Siris Siris is a leading private equity firm focused on control investments in services businesses that enable transformative technologies to scale. The firm invests in companies that support the underlying infrastructure for these technologies and help enterprises integrate them into critical operational workflows. Based in West Palm Beach, Florida, Siris has deployed more than $9 billion of equity capital since inception. www.siris.com
Contact: EFI Holly O’Rourke Corporate Communications +1 (603)-475-9244 e-mail: holly.orourke@efi.com
Agfa-Gevaert Viviane Dictus Director Corporate Communications tel. +32 0 3 444 7124 e-mail: viviane.dictus@agfa.com
Siris Kate Kelley / Madeline Jones / Woomi Yun Joele Frank, Wilkinson Brimmer Katcher 212-355-4449 e-mail: Siris-JF@joelefrank.com
Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the proposed combination of Electronics for Imaging, Inc. (“EFI”) and Agfa-Gevaert’s Digital Printing Solutions business (“Agfa DPS”), the anticipated timing of completion of the transaction, including the expectation that it will close by the end of 2026, expected synergies and other benefits of the transaction, and the future operations, business prospects, financial performance and performance of the combined company. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “may,” “could,” “should,” “would,” “potential” and similar expressions.
These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results and developments to differ materially. Such risks and uncertainties include, among others, the ability to obtain required regulatory approvals; the completion of customary employee information and consultation processes; the satisfaction of other closing conditions; the possibility that the transaction may be delayed or not completed on the anticipated terms or timeline; the ability of EFI, Agfa-Gevaert and Siris to realize the anticipated benefits and synergies; risks associated with integrating the businesses, technologies, operations, employees, systems and customer and supplier relationships of EFI and Agfa DPS; business disruption and the retention of key personnel; and changes in market conditions, customer demand, competition, economic conditions or other factors affecting the industrial inkjet industry and the combined company.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are not guarantees of future performance. Neither EFI, Agfa-Gevaert nor Siris, nor, following completion of the transaction, the combined company, undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise, except as may be required by applicable law.
Siris to Acquire Equiniti's Retirement Solutions, Customer Resolutions and Lenvi Businesses
Siris to Acquire Equiniti's Retirement Solutions, Customer Resolutions and Lenvi Businesses
Transaction to be Completed in Parallel with the Closing of Equiniti's Previously Announced Sale to Bullish
WEST PALM BEACH, Fla., July 24, 2026 /PRNewswire/ -- Siris (together with its affiliates, "Siris"), a leading private equity firm focused on control investments in mission-critical services businesses, today announced that it has elected to exercise its option to maintain ownership of EQ Retirement Solutions ("EQRS"), EQ Customer Resolutions ("EQCR") and Lenvi from Equiniti ("EQ"). The three businesses provide essential services to UK pension schemes, financial institutions and corporate clients.
The transaction follows Siris's previously announced agreement to sell EQ to Bullish (NYSE: BLSH), under which Siris retained the option to acquire these businesses. It is expected to be completed in parallel with the closing of EQ's previously announced sale to Bullish in January 2027, subject to customary closing conditions and required regulatory approvals.
EQRS is a leading provider of outsourced pension administration services and proprietary administration software, including its Compendia platform, supporting more than 10 million members and £10 billion in annual payments for many of the UK's largest public and private sector pension schemes. EQCR helps financial institutions and other regulated businesses manage customer and complaints resolution, combining specialist staffing and technical expertise with proprietary case management software. Lenvi provides loan servicing software, standby servicing and fraud detection software for banks and non-bank lenders, with more than £100 billion of credit assets managed on behalf of over 150 lenders through its FCA-regulated platform.
Siris has owned EQ since 2021 and has invested significantly in the three businesses during that period. Under renewed and dedicated Siris ownership, the businesses will further accelerate investment in technology, including AI-enabled administration capabilities, onboarding capacity and enhanced member experience, while maintaining continuity of service for clients.
"Maintaining ownership of EQRS, EQCR and Lenvi will establish these businesses as a dedicated platform within our portfolio, with a clear mandate to invest in their growth," said Frank Baker, Co-Founder and Managing Partner, and Grant Weisberg, Principal, at Siris. "We have seen firsthand the strength of these assets, the quality of their teams and the opportunities ahead for them. As a standalone platform with dedicated focus and resources behind them, these businesses will be well positioned to accelerate their momentum and create long-term value for all stakeholders in this next chapter."
About Siris
Siris is a leading private equity firm focused on control investments in mission-critical services businesses. Based in West Palm Beach, Florida, Siris has deployed more than $9 billion of equity capital since inception. www.siris.com.
Media Contact
Madeline Jones / Kate Kelley
Joele Frank, Wilkinson Brimmer Katcher
Siris-JF@JoeleFrank.com
(212) 355-4449
Siris Completes Acquisition of TAKKION
Siris Completes Acquisition of TAKKION
WEST PALM BEACH, Fla. and CENTENNIAL, Colo., May 06, 2026 (GLOBE NEWSWIRE) -- Siris (together with its affiliates, “Siris”), a leading private equity firm targeting services companies that support critical technology infrastructure, today announced the completion of its previously announced acquisition of a majority stake in TAKKION, a premier integrated services provider to the renewable energy industry, from funds managed by Apollo (NYSE:APO) (the “Apollo Funds”). Through this partnership, Siris and TAKKION will look to further optimize the company’s operations, expand its proven service capabilities into adjacent renewable sectors, and pursue both organic and inorganic growth opportunities to drive long-term value creation.
“The closing of this transaction is an important milestone for TAKKION as we look to capitalize on the increasing demand for renewable energy,” said Pete Bierden, Chief Executive Officer of TAKKION. “Siris is the ideal partner for our next chapter and, with the team’s support, we look forward to expanding our capabilities into logical adjacencies and continuing to support our customers’ evolving energy needs.”
TD Securities and Wells Fargo served as financial advisors and Sidley Austin served as legal advisor to Siris on the transaction. Harris Williams acted as financial advisor and Vinson & Elkins LLP served as legal counsel to the Apollo Funds.
About Siris
Siris is a leading private equity firm focused on control investments in North American middle-market services companies that support critical technology infrastructure underpinned by secular tailwinds, such as artificial intelligence, cybersecurity and digital transformation. Based in West Palm Beach, Florida, the firm has invested approximately $9 billion since its inception as of December 31, 2025. www.siris.com
About TAKKION
TAKKION is a leading independent service provider delivering integrated solutions for renewable energy projects across North America. The company supports the full asset lifecycle—from logistics and transportation to construction, operations, maintenance, remanufacturing, and electrical services. With a nationwide network of skilled professionals and specialized equipment, TAKKION brings the scale and technical expertise to execute complex projects safely, efficiently, and to the highest quality standards. Guided by its core values of Safety, Integrity, and Transparency, TAKKION helps customers maximize performance and long-term asset value. Learn more at www.takkion.com.
About Apollo Global Management, Inc.
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.
Media Contacts
Dana Gorman / Mallory Griffin
H/Advisors Abernathy
dana.gorman@h-advisors.global / mallory.griffin@h-advisors.global
Siris Announces Sale of Equiniti to Bullish
Siris Announces Sale of Equiniti to Bullish
WEST PALM BEACH, Fla., May 05, 2026 (GLOBE NEWSWIRE) -- Siris, a leading private equity firm targeting service companies that support critical technology infrastructure, today announced the signing of a definitive agreement to sell Equiniti (“Equiniti” or “the company”), a leading global transfer agent and provider of mission-critical shareholder services, to Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides regulated market infrastructure and information services. Under the terms of the agreement, Bullish will acquire Equiniti in an all-stock transaction valued at $4.2 billion. Additional details regarding the transaction will be provided by Bullish.
Siris first acquired Equiniti in 2021 and combined it with AST, its U.S. counterpart, to create a scaled global transfer agent and shareholder services platform. Under Siris’ ownership, Equiniti underwent a substantial transformation, including a strengthened and simplified portfolio of high-quality assets, strategic enhancements to the leadership team and increased operational efficiency. Through the implementation of these strategic initiatives, Equiniti has experienced meaningful market share gains and EBITDA growth and today serves as the regulated transfer agent and system of record for nearly 3,000 public companies.
This transaction will combine Bullish’s blockchain-native market infrastructure – spanning exchange, liquidity, clearing, and custody services – with Equiniti’s scaled transfer agent platform, creating the global transfer agent for tokenized securities and the first fully integrated blockchain‑enabled issuer services provider.
As capital markets move to the blockchain with tokenized securities, this combination addresses a foundational gap in market infrastructure – the absence of a transfer agent built for the blockchain. The combination benefits the ecosystem. Issuers will receive real-time cap table visibility, automated corporate actions, broader investor access, and lower costs. Investors receive 24/7 trading, instant settlement, and frictionless asset movement.
“When Siris invested in Equiniti, we identified a scaled, high-quality infrastructure platform with deep client relationships and significant untapped potential and partnered closely with Dan and his team to strengthen the business and prepare it for its next phase of growth. Under our ownership, we more than tripled Equiniti’s EBITDA, reflecting the strength of the business and the significant value created over that period,” said Frank Baker, Co-Founder and Managing Partner of Siris. “This outcome reflects our strategy of backing tech-enabled services businesses at the center of market transformation. Tokenization represents one of the most significant shifts in market infrastructure since the advent of electronic trading, and we are confident that Bullish is exceptionally well positioned to build on Equiniti’s strength and capture the meaningful growth opportunities ahead.”
“With Siris’ support, Equiniti has strengthened its position as a leading global provider of shareholder, regulatory and communications technology,” said Dan Kramer, Chief Executive Officer of Equiniti. “Siris has been an exceptional partner, and together we have enhanced our services and delivered for our clients. We are proud of our team and the position we have commanded as a global leader in shareholder services, and we look forward to building on this momentum in our next chapter.”
The transaction is expected to close in January 2027, subject to required regulatory approvals and other customary closing conditions. Following transaction close, Equiniti will operate under the Bullish umbrella alongside Bullish Exchange and CoinDesk. Evercore, FT Partners, Wells Fargo and LionTree Advisors served as financial advisors and Sidley Austin LLP served as legal advisor to Siris on the transaction.
About Siris
Siris is a leading private equity firm focused on control investments in North American middle-market services companies that support critical technology infrastructure underpinned by secular tailwinds, such as artificial intelligence, cybersecurity and digital transformation. Based in West Palm Beach, Florida, the firm has invested approximately $9 billion since its inception as of December 31, 2025.
For more information, visit www.siris.com.
About Equiniti
Equiniti delivers trusted data, intelligent insight, and seamless administration across the full equity ownership lifecycle. We help issuers, investors, and employees navigate complexity, strengthen market engagement, and achieve better outcomes through technology-powered solutions backed by expert service. Our 5,000+ global associates support more than 12,000 organizations and over 20 million shareholders worldwide.
Media Contact:
Dana Gorman / Mallory Griffin
H/Advisors Abernathy
dana.gorman@h-advisors.global / mallory.griffin@h-advisors.global
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Sentences containing words such as “believe,” “intend,” “plan,” “may,” “expect,” “should,” “could,” “anticipate,” “estimate,” “predict,” “project,” or their negatives, or other similar expressions of a future or forward-looking nature generally should be considered forward-looking statements and include, without limitation, statements relating to future events or future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause results to differ from those expressed in our forward-looking statements include, but are not limited, to our ability to grow our business and operations, including in new geographic locations, the costs or expenditures associated therewith, competition in our industry, and the evolving rules and regulations applicable to digital assets. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and Siris undertakes no duty to update these forward-looking statements. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Past performance is not indicative or guarantee for future results.
Veteran Private Equity Investor Seth Harward Joins Siris as Managing Director – Business Development
Veteran Private Equity Investor Seth Harward Joins Siris as Managing Director – Business Development
WEST PALM BEACH, Fla., April 08, 2026 (GLOBE NEWSWIRE) -- Siris, a leading private equity firm targeting service companies that support critical technology infrastructure, today announced that veteran private equity investor Seth Harward has joined the firm as Managing Director – Business Development. Mr. Harward will leverage his 16 years of direct private equity experience, extensive network, origination capabilities and franchise-building expertise to enhance Siris’ business development capabilities and support the firm’s long-term growth.
“I am excited to welcome Seth to Siris,” said Frank Baker, Co-Founder and Managing Partner of Siris. “Seth brings to our firm an exceptional track record of sourcing and evaluating investments in the technology and services sectors. He joins the firm at an important time, following our recent investment in TAKKION, which marked the first commitment from our newest fund. I am confident that Seth will play a key role in helping us continue this momentum.”
Prior to joining Siris, Mr. Harward served as a Managing Director in Piper Sandler’s merchant banking group, where he helped lead the firm’s technology investing efforts. Before joining Piper Sandler, he was a Partner at Frontier Growth, where he evaluated growth-stage software companies and was instrumental in building and leading the firm’s origination and business development capabilities.
“I have admired Siris for some time and am thrilled to join the firm at such a pivotal moment in its growth trajectory,” said Mr. Harward. “I was drawn to Siris because of the exceptional team which, under Frank’s leadership, is well positioned to take advantage of market-driven tailwinds across the tech-enabled service ecosystem. I look forward to working alongside the team to identify new and lucrative opportunities for our new fund and to generate value for investors.”
Mr. Harward holds a Bachelor of Arts in Communications from the University of North Carolina at Chapel Hill.
About Siris
Siris is a leading private equity firm focused on control investments in North American middle-market services companies that support critical technology infrastructure underpinned by secular tailwinds, such as artificial intelligence, cybersecurity and digital transformation. Based in West Palm Beach, Florida, the firm has invested approximately $9 billion since its inception as of December 31, 2025. www.siris.com
Media Contacts:
Dana Gorman / Mallory Griffin
H/Advisors Abernathy
dana.gorman@h-advisors.global / mallory.griffin@h-advisors.global
Siris Agrees to Acquire a Majority Stake in TAKKION from Apollo Funds
Siris Agrees to Acquire a Majority Stake in TAKKION from Apollo Funds
WEST PALM BEACH, Fla. and CENTENNIAL, Colo., March 09, 2026 (GLOBE NEWSWIRE) -- Siris (together with its affiliates, “Siris”), a leading private equity firm targeting services companies that support critical technology infrastructure, today announced a definitive agreement to acquire a majority stake in TAKKION, a premier integrated services provider to the renewable energy industry that generated approximately $600 million in revenue in 2025, from funds managed by Apollo (NYSE:APO) (the “Apollo Funds”). The transaction is expected to close in Q2 2026, subject to customary closing conditions.
Founded in 2019, TAKKION is a scaled, diversified energy services platform operating in an increasingly attractive industry in light of surging power demand from data centers and the electrification of industry and transportation. Today, customers rely on TAKKION for full lifecycle renewable energy services across operations, maintenance & repair, construction, transportation, and fixed site logistics. Siris will partner with TAKKION’s highly experienced management team to further optimize operations, expand its proven service capabilities into adjacent renewable sectors, and pursue both organic and inorganic growth opportunities. Already a leader in wind energy services, TAKKION is well-positioned to continue expanding into adjacencies such as solar, battery, and transmission. Headquartered in Centennial, CO, TAKKION has approximately 2,000 employees and serves a blue-chip customer base of leading developers, utilities and OEMs.
“TAKKION provides a mission-critical service, supporting the renewable energy sector, and is well positioned to further capitalize on the accelerating energy demands driven by AI data center expansion,” said Frank Baker, Co-Founder and Managing Partner of Siris. “TAKKION is the first commitment out of our new fund and aligns squarely with our goal of partnering with tech-enabled services companies that are underpinned by meaningful secular tailwinds. We look forward to partnering closely with TAKKION to drive long-term growth and value creation.”
“This partnership with Siris marks an important milestone for TAKKION,” said Pete Bierden, Chief Executive Officer of TAKKION. “With a strong team, a culture of safety and operational excellence, and deep customer trust, we are well positioned for this next chapter of growth. Siris brings the capital and expertise to expand our capabilities and meet the growing demands of the energy industry. We’d also like to thank the Apollo team for being exceptional partners and supporting TAKKION’s growth.”
Scott Browning, Partner at Apollo, said, “TAKKION has become an industry leader in wind logistics and operational services, building its differentiated and customer-centric platform through strategic investments, disciplined M&A and operational enhancements. We are grateful to the TAKKION team for their partnership and believe the business is well positioned for continued success under Siris ownership.”
TD Securities and Wells Fargo served as financial advisors and Sidley Austin served as legal advisor to Siris on the transaction. Harris Williams acted as financial advisor and Vinson & Elkins LLP served as legal counsel to the Apollo Funds.
About Siris
Siris is a leading private equity firm focused on control investments in North American middle-market services companies that support critical technology infrastructure underpinned by secular tailwinds, such as artificial intelligence, cybersecurity and digital transformation. Based in West Palm Beach, Florida, the firm has invested approximately $9 billion since its inception as of December 31, 2025. www.siris.com
About TAKKION
TAKKION, a family of companies comprised of Transportation Partners & Logistics (TP&L), Global Specialized Services (GSS), RENEW Energy, and Airway Services, is Moving Energy Forward. As the leading independent service provider in the renewable industry, TAKKION is strategically positioned to support and enhance the growth and lifecycle of renewable energy, backed by an extensive network of people and assets across North America. Guided by core values of Safety, Integrity, and Transparency, TAKKION is dedicated to delivering exceptional service to both its customers and employees.
About Apollo Global Management, Inc.
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.
Media Contacts
Dana Gorman / Mallory Griffin
H/Advisors Abernathy
dana.gorman@h-advisors.global / mallory.griffin@h-advisors.global