Siris Agrees to Acquire a Majority Stake in TAKKION from Apollo Funds
MWN-AI** Summary
On March 9, 2026, Siris, a prominent private equity firm, announced its definitive agreement to acquire a majority stake in TAKKION, a leading integrated services provider in the renewable energy sector, from Apollo Funds. The deal, which is set to close in the second quarter of 2026 pending customary conditions, marks a significant move for Siris as it aligns with its strategy to invest in technology-enabled service companies that are benefiting from favorable industry trends.
TAKKION, founded in 2019, reported approximately $600 million in revenue for 2025 and has established itself as a key player in the renewable energy industry. The company offers a comprehensive range of lifecycle services, including operations, maintenance, construction, and logistics, to a diverse client base comprising utilities and developers. With around 2,000 employees, TAKKION has built a reputation for excellence in wind energy services while also eyeing expansion opportunities in solar, battery, and transmission sectors.
Siris plans to work alongside TAKKION’s experienced management team to optimize operations and explore both organic and inorganic growth strategies. Frank Baker, Co-Founder of Siris, noted that the partnership positions TAKKION to leverage the growing energy demands associated with advancements such as AI data centers.
TAKKION’s CEO, Pete Bierden, expressed enthusiasm for the new partnership, highlighting Siris' capacity to provide the necessary capital and expertise to facilitate the company’s growth. Meanwhile, Apollo Funds emphasized their commitment to TAKKION’s success during ownership, backed by strategic investments and operational enhancements. This acquisition underscores the increasing interest in the renewable energy sector bolstered by a shift towards sustainable energy solutions.
MWN-AI** Analysis
Siris’ agreement to acquire a majority stake in TAKKION presents an intriguing investment opportunity, particularly within the renewable energy sector, which has consistently shown resilience and growth potential amid increasing global energy demands. With TAKKION generating approximately $600 million in revenue in 2025 and demonstrating a solid operational foundation across its integrated services, this partnership could yield favorable returns for investors looking at long-term growth trajectories.
The renewable energy industry stands at a pivotal moment, characterized by a surge in demand, particularly driven by the electrification trends in industries and the expansion of data centers to support AI technology. Siris’s strategy of leveraging its private equity expertise to partner with TAKKION’s experienced management team aligns with the current market needs for enhanced operational efficiencies and innovative service capabilities in the renewable sector.
Investors should note that Siris’s focus on optimizing operations and expanding service offerings into adjacent areas like solar and battery storage bodes well for TAKKION’s future. The company’s established position in wind energy logistics enhances its competitive edge, particularly as global initiatives push for a diversified energy portfolio. Furthermore, the partnership with Siris is expected to facilitate both organic and strategic growth, which can further solidify TAKKION’s market leadership.
Given these factors, analysts recommend closely monitoring Siris’s developments in the renewable space. The combination of Siris's investment acumen and TAKKION's operational prowess may attract a wave of investor interest, potentially elevating market valuations. Investors should consider allocating resources toward firms involved in renewable energy services, as they are likely to benefit from the accelerating trends in energy demand and technological innovation.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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
FAQ**
How might the acquisition of TAKKION by Siris impact the relationship between Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO and TAKKION moving forward?
What strategic advantages does Siris bring to TAKKION that could enhance its existing service capabilities in renewable energy, especially considering Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO's prior support?
In what ways is TAKKION's expansion into solar, battery, and transmission services influenced by the demand shifts observed in regions like West Palm Beach, Fl and Centennial, CO, particularly after Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO's involvement?
How does Siris plan to leverage its investment in TAKKION to navigate future energy demands, especially in light of the growing emphasis on sustainability initiated by firms like Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO?
**MWN-AI FAQ is based on asking OpenAI questions about Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests (NYSE: APO).
NASDAQ: APO
APO Trading
-2.06% G/L:
$106.59 Last:
3,071,042 Volume:
$106.57 Open:
