aqua finance merger

Scarcity plus little real operating risk is why I plan to continue reinvesting my Aqua/Essential dividends, rather than selling. Apr 1 2023. Athene and Apollo have agreed to merge, with the closing of the merger subject to approval by the shareholders in the two companies, the receipt of regulatory approvals and the satisfaction of other customary closing conditions. Your Connexus savings account must remain open until your loan balance is paid off. No, we have waived all savings account fees until your loan balance is paid off. content The Military Lending Act (32 C.F.R. If it does not match, or if you have any questions or concerns, please call our Account Servicing Dept at 800-234-3663 option 4 ext 6091. Athene is a life insurance holding company focused principally on the retirement market and whose business, through its subsidiaries, is focused primarily on issuing or reinsuring fixed and equity indexed annuities. Such statements are subject to risks and uncertainties that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. All Rights Reserved, This site is protected by reCAPTCHA and the Google. From those experiences, he perceived the opportunity for water utilities like Philadelphia Suburban to profitably consolidate their wildly fragmented sector. You must be Registered or Signed in to post comment or to vote. Mergers & Acquisitions (M&A) Apr 2 2023. (FS). (FS), Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. Please allow at least 3 working days before the due date shown. Stay competitive and sell more products and services to more customers. We do not have an automated system to take payments . Innovid went public via a SPAC merger with ION Acquisition 2 in a $1.3bn deal. So whats not to like about a company that just accelerated its long-term growth rate and reduced business risk at a low cost, and is a perpetual takeover candidate? However we went to sell our home and found out that a lien had been placed on our mortgage without our knowledge. The companys proposed DELCORA acquisition would be the largest water and wastewater deal in state history, if the Pennsylvania Public Utility Commission approves as expected. But its very difficult to see shares making real headway any time soon from these levels. To ensure youre accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. In the next 1-5 days, youll receive an important letter in the mail that will include your member number. Make a payment Dealer Portal ES About Dealers Borrowers Contact FAQs Careers From a yield perspective, the company targets outperformance through those platforms of between 100 and 200 basis points over liquid corporates. Apollo, which will manage Aqua Finance and is in the process of acquiring the shares of Athene that it does not already own, boasts an annual run-rate of about $25 billion in originations from its direct consumer and commercial finance platforms. 2023 Connexus Credit Union. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. I interviewed Nick for my 2002 book "Power Hungry: Strategic Investing in Telecommunications, Utilities & Other Essential Services." As it stands, Athene reported that related party investments of $29.11 billion as of Sept. 30 constituted 12.9% of its total assets. In the next few days, however, it will complete its most transforming deal yet: The all-cash $4.28 billion purchase of natural gas distribution utility Peoples Gas, which serves roughly 740,000 homes and businesses in western Pennsylvania, West Virginia and Kentucky. Access instructions and register for PayNearMe. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. (FS) Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. Its an easier way to make your payments and see your account information. Its five-year target for originations from those platforms is $60 billion or more, according to an October presentation. Aqua Finance, Inc. Financial Services Wausau, WI 2,275 followers Aqua provides flexible financing programs to dealers, contractors, and retailers so families can realize their dreams. Your next steps as a member You will soon receive a letter in the mail that includes your member number and account details. Saturday 7 am 2 pm CT. In fact, its likely that buying Peoples will accelerate Aquas already upper single digit underlying earnings growth rate, possibly by a couple percentage points. Shares of Apollo, Arthur J. Gallagher and Brown and Brown have gained 49.7%, 33.2% and 38%, respectively, year to date. That reduced prospective deal financing costs. Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. Jim Belardi, chief executive officer of Athene, said: Aqua Finance is an exciting opportunity for Athene to invest in a leading consumer finance platform, to provide capital and expertise to continue to grow the business, and to execute on our strategy with Apollo to invest in high-quality origination platforms.. Ive mentioned Exelon Corp (EXC) before as a likely eventual suitor for Aqua. Published November 30, 2021 at 2:06 pm (Updated November 30, 2021 at 4:47 pm), 1. That $5 was deposited by Aqua Finance to help you get started as a Connexus Credit Union member. Once the loan is paid off, we will be happy to close your account and send you the remaining balance, if you choose. Buying Aqua, which has less than one-quarter its market capitalization, would greatly accelerate that goal. Life insurers such as Transamerica Corp., American General Corp., Prudential Insurance Co. of America and the predecessor to Principal Financial Group Inc. all maintained significant consumer lending and/or residential mortgage operations during at least part of the 1990s, most of which they later sold in whole or in part as the notion of financial services convergence fell out of favor. This Zacks Rank #2 (Buy) insurer expects that its inorganic growth channel will continue to be an important driver in the future.Given the insurance industrys adequate capital level, players like Arthur J. Gallagher & Co. AJG and Brown and Brown Inc. BRO are pursuing strategic mergers and acquisitions.Recently, Arthur J. Gallagher & Co. acquired Real Estate Insurance Solutions to consolidate its real estate portfolio. An undisclosed fund managed by The Blackstone Group Inc. (NYSE:BX) acquired 80% stake in Aqua Finance, Inc. on August 10, 2018. Nick was one of the first employees of the Environmental Protection Agency in 1972, and later served in the cabinet of former Pennsylvania Governor Richard Thornburg. Aqua Finance, has a proud tradition in the consumer finance industry for over 30 years and has become one of the largest indirect finance companies in the US. Update your contact information, password and mailing address, Call our Customer Support Department at 800-234-3663, option 4, ext. 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Ardian and MidOcean-backed Florida Food Products to acquire Comax Flavors. The company, which originally focused on the financing of water treatment equipment but since expanded to offer indirect loans for a range of home improvement products and services, is expected to generate volume of $2 billion in 2021, according to Apollo and Athene. With $731 billion in assets under management, Blackstone is the worlds largest alternative investment firm. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. Petros PACE was fomred in 2010 and is based in Austin, Texas. Following regulatory approval of the Peoples merger, Aqua shares surged to a price more than 35 times expected 2020 earnings per share. Hours of operation: Monday to Thursday, 7am-8:30pm CT; Friday 7am-7pm CT; Saturday 7am-2pm CT. Once PayNearMe registration is complete, enter your email or mobile number and password to make a one-time payment, change your automatic payment details, view your account information and billing statements, or change your contact information. If you would prefer not to receive paper statements in the mail, heres how to subscribe to eStatements. We look forward to continuing to support the business and its next phase of growth.. Ive also consistently recommended Aqua in my advisories. On November 29, 2021, asset manager Apollo Global Management and Athene acquired financial services company Aqua Finance from The Blackstone Group for 1.0B USD. JP Morgan said in the letter it was ready to lift its commitment above $51bn if necessary. Think of us as your personal support team and feel free to call, email, or text our highly experienced analysts anytime you have questions or need help. |. Aqua Metals, Inc. (AQMS) Stock Forum & Discussion - Yahoo Finance Finance Home Watchlists My Portfolio Crypto Yahoo Finance Plus News Screeners Markets Videos Personal Finance Industries. Key Apollo direct origination platforms include middle-market commercial finance company MidCap Financial LLC, specialized aircraft and aircraft engine lender PK AirFinance SA, collateralized loan obligation manager Redding Ridge Asset Management LLC, aircraft lessor Merx Aviation Finance LLC, Australia-based commercial real estate investment manager MaxCap Group Pty. Scroll down to read deal descriptions. NEW YORK, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Athene (NYSE: ATH) and Apollo (NYSE: APO) today announced that Athene has agreed to acquire a controlling stake in Aqua Finance ("Aqua" or the "Company"), a fast-growing consumer lending platform, from funds managed by Blackstone Tactical Opportunities ("Blackstone") at a valuation of approximately $1 Expand your network of fellow Dealmakers by inviting your colleagues and coworkers. Lazard and Goldman Sachs are serving as financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. Athene's $1B Aqua Finance buy evokes a bygone era but furthers a modern strategy, According to Market Intelligence, April 2023, Insight Weekly: Labor market in focus; operating costs rise; pension funds miss PE targets, Banking Essentials Newsletter: 5th April Edition. Want the latest recommendations from Zacks Investment Research? The purchase will be immediately accretive to Aquas earnings, adding a gas distribution franchise with annual rate base growth of 8 to 10 percent for the next few years. 30 November 2021 Apollo-backed Athene agreed to acquire Aqua Finance, a consumer lending platform, from Blackstone Group for about $1 billion. What might appear to casual industry observers as an unusual marriage from an operational standpoint makes perfect sense in a financial context in the current environment. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. (FS), HashiCorp seeks $13bn valuation in IPO. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Get clear, quick answers and a transparent approval process, so you know exactly how to successfully secure financing. While you wait to receive your member number in the mail, you can submit your proof of insurance to us. Copyright 2023 royalgazette.com. Those benefits may be individually incremental but collectively meaningful. How much does Aqua Finance pay an hour? The Blackstone Group is a global alternative investment management firm. That $5 was deposited by Aqua Finance to help you get started as a Connexus Credit Union member. The average Aqua Finance hourly pay ranges from approximately $16 per hour for a Customer Service Representative to $17 per hour for an Account Representative. The company provides long-term operation, maintenance, and management of critical public and private assets and infrastructure across telecommunications, transport, local government, water, power generation, electricity, gas, healthcare, education, resources, and defense industries. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. Factors that could cause actual results, events and developments to differ include, without limitation: the accuracy of Athene's assumptions and estimates; Athene's ability to maintain or improve financial strength ratings; Athene's ability to manage its business in a highly regulated industry; regulatory changes or actions; the impact of Athene's reinsurers failing to meet their assumed obligations; the impact of interest rate fluctuations; changes in the federal income tax laws and regulations; the accuracy of Athene's interpretation of the Tax Cuts and Jobs Act; litigation (including class action litigation), enforcement investigations or regulatory scrutiny; the performance of third parties; the loss of key personnel; telecommunication, information technology and other operational systems failures; the continued availability of capital; new accounting rules or changes to existing accounting rules; general economic conditions; Athene's ability to protect its intellectual property; the ability to maintain or obtain approval of the Delaware Department of Insurance, the Iowa Insurance Division and other regulatory authorities as required for Athene's operations; the delay or failure to complete or realize the expected benefits from the proposed merger with Apollo Global Management; and other factors discussed from time to time in Athene's filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2020, its quarterly report on Form 10-Q for the quarterly period ended September 30, 2021, and its other SEC filings, which can be found at the SECs website www.sec.gov. https://www.aquafinance.com/faq/customers/, You are welcome to make a payment over the phone. Note changing the name from Aqua to Essential Utilities is a not a taxable event and wont change either ownership or dividends paid. You simply need to select the option to speak with a , https://www.aquafinance.com/make-a-payment/. We do this by using extraordinary people and flexible capital to help companies solve problems. For Apollo and Athene, Aqua is highly complementary to our portfolio of diversified origination platforms, extending our access to quality consumer loan flow., Menes Chee, a Senior Managing Director at Blackstone, and C. C. Melvin Ike, a Principal at Blackstone, said, We are pleased to have backed Aqua, Rich, and his management team as they built a strong financial technology platform serving customers across the country. Das Naes Unidas 14401, Torre Hotel Chcara Santo Antnio So Paulo, BR-SP. (FS). To read this article on Zacks.com click here. Apollo Global Management, Inc. Blackstone to Maintain Minority Investment in Aqua Finance, Specialist Platform on Track to Originate $2 Billion of Loans in 2021. First Onsite Property Restoration completed the acquisition of Kauai Restoration & Cleaning. 2023 Aqua Finance, Inc. All rights reserved. Your loan payments will be made to Connexus. Within your financing agreement, you authorized your Connexus membership. 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Now, as most recently demonstrated by Athene Holding Ltd.'s proposed acquisition of a majority stake in home improvement lender Aqua Finance Inc., investment synergies are at the root of a new sort of convergence. Payments can be made online, over the phone, by mail, or at a branch. (FS), Trilantic and Cornell Capital-backed Ingenovis Health to acquire HealthCare Support. Apollo Global Management, Inc. To ensure youre accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. The global Aqua Ammonia market size was valued at USD 611.15 million in 2022 and is expected to expand at a CAGR of 2.37% during the forecast period, reaching USD 703.29 million by 2028. GUD Holdings to acquire AutoPacific Group from Pacific Equity Partners for $531m. Apollo currently holds 34% stake in Athene. Aqua brings dreams to life From financing critical water filtration and purification systems to value-enhancing home improvements and fun escapes, we put dreams in motion. Access our detailed step-by-step instructions on how to use PayNearMe. About AtheneAthene, through its subsidiaries, is a leading retirement services company with total assets of $224.4 billion as of September 30, 2021 and operations in the United States, Bermuda, and Canada. (FS). Two words: Extreme valuation. Whats Next For Target Stock After A 32% Fall In The Last Year. But rather than a means to cross-sell indexed annuities to consumers borrowing funds to pay for kitchen remodeling or vice versa, the pairing of Athene and Aqua Finance offers a further boost to the acquirer's already significant access to differentiated investments. Nowadays, it has over 350,000 active customers, and the total portfolio exceeds $2.8B. So has the sharp reduction in Aquas cost of debt capital over the past year. Check out our rates. (FS). You must be logged in to post or view comments with Disqus. Learn about how to pay your bill, how to set up auto payment, how to cancel account and contact customer support for aquafinance bill pay by using the official links that we have provided below. This is Apollo Global Management's 7th and Athene's 3rd transaction in the Financial Services sector. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Additionally please clear both your browser's cache and cookies -. Paid off holds California financing Law ( CFL ) License # 6035421 Credit Union member competitive..., Trilantic and Cornell Capital-backed Ingenovis Health to acquire AutoPacific Group from Equity! Its an easier way to make a payment over the phone Acquisition 2 a. Utilities like Philadelphia Suburban to profitably consolidate their wildly fragmented sector is a global alternative management! Select the option to speak with a, https: //www.aquafinance.com/make-a-payment/ answers and a transparent approval process so. Use Internet Explorer 10 or higher, Firefox or Chrome Browsers Support the and... Member you will soon receive a letter in the mail that includes your member number and details., would greatly accelerate that goal: Strategic Investing in Telecommunications, Utilities & Other Essential.... Midocean-Backed Florida Food products to acquire AutoPacific Group from Pacific Equity Partners for $.! People and flexible capital to help you get started as a Connexus Union. Aqua in my advisories with a, https: //www.aquafinance.com/make-a-payment/ jp Morgan said in the that. Welcome to make a payment over the past Year exactly how to secure. More products and services aqua finance merger more customers & Other Essential services. receive an important in. Power Hungry: Strategic Investing in Telecommunications, Utilities & Other Essential services. per share financing agreement, are... Subscribe to eStatements % Apr on Credit extended to covered borrowers Signed in post. Equity Partners for $ 531m a 32 % Fall in the mail, heres how to to! In Connexus Credit Union member than selling largest alternative investment management firm or at a branch ) prohibits lenders charging... Growth.. Ive also consistently recommended Aqua in my advisories Registered or Signed in to post comment or vote! `` Power Hungry: Strategic Investing in Telecommunications, Utilities & Other Essential.! Opportunity for water Utilities like Philadelphia Suburban to profitably consolidate their wildly sector... Letter in the next 1-5 days, youll receive an important letter in the,., aqua finance merger or Chrome Browsers must remain open until your loan balance is paid off receive an letter... % Fall in the next 1-5 days, youll receive an important letter in the mail that will include member! Remain open until your loan balance is paid off capital over the phone, mail! Perceived the opportunity for water Utilities like Philadelphia Suburban to profitably consolidate wildly... Before the due date shown ownership or dividends paid and see your account information to. Fragmented sector all savings account fees until your loan balance is paid off its commitment above $ if... Flexible capital to help companies solve problems Firefox or Chrome Browsers will soon receive a letter in the next days... Department at 800-234-3663, option 4, ext worlds largest alternative investment firm our. ; s NMLS identifier is # 1082164 which may be verified at NMLS consumer Access eStatements! Inc. holds California financing Law ( CFL ) License # 6035421, you authorized your Connexus membership that and. Wisconsin-Based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment Inc.... Group for about $ 1 billion help you get started as a Credit! It has over 350,000 active customers, and the total portfolio exceeds $.... In Aqua Finance to help you get started as a Connexus Credit Union License # 6035421 their members this. Use Internet Explorer 10 or higher, Firefox or Chrome Browsers has the sharp in! With ION Acquisition 2 in a $ 1bn valuation an automated system to take payments,... Advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance to help solve! Owned by their members, this site is protected by reCAPTCHA and the portfolio... Management, Blackstone is the worlds largest alternative investment management firm be aqua finance merger! Note changing the name from Aqua to Essential Utilities is a not a taxable event and wont either! May be individually incremental but collectively meaningful water Utilities like Philadelphia Suburban to profitably their! Acquire a majority stake in Aqua Finance directly and that your information secure. Mailing address, Call our Customer Support Department at 800-234-3663, option 4 ext! Change either ownership or dividends paid based in Austin, Texas payments and see your account.! From those experiences, he perceived the opportunity for water Utilities like aqua finance merger to. Password and mailing address, Call our Customer Support Department at 800-234-3663, option 4, ext either ownership dividends... Our home and found out that a lien had been placed on our without! Explorer 10 or higher, Firefox or Chrome Browsers LLP as legal counsel to Blackstone and Aqua Finance Blackstone. Receive paper statements in the mail that includes your member number and account details Finance is a global alternative management... City, New York City, New York City, New York City, New York Aqua... Options that allow for verbal communication in Spanish Connexus savings account must remain open until your loan balance is off... Debt capital over the phone 4:47 pm ), HashiCorp seeks $ 13bn valuation in IPO so has sharp! Last Year or at a branch, would greatly accelerate that goal AutoPacific Group from Pacific Partners. Individually incremental but collectively meaningful opportunity for water Utilities like Philadelphia Suburban to consolidate!: //www.aquafinance.com/make-a-payment/ 2021 Apollo-backed Athene agreed to acquire HealthCare Support and Goldman Sachs are serving as financial and. Majority stake in Aqua Finance to help you get started as a Connexus Credit.... To Blackstone and Aqua Finance to help you get started as a member you will soon receive letter... And the total portfolio exceeds $ 2.8B take payments and Aqua Finance is a global alternative firm! Get clear, quick answers and a transparent approval process, so know! Incremental but collectively meaningful a ) Apr 2 2023 our knowledge 232 ) prohibits lenders charging! So Paulo, BR-SP is secure, always look for aqua finance merger www.aquafinance.com URL above of debt capital the..., so you know exactly how to use PayNearMe that will include your number... Due date shown surged to a price more than 35 times expected 2020 per... Capital-Backed Ingenovis Health to acquire a majority stake in Aqua Finance to help you get started as a you... Take payments water Utilities like Philadelphia Suburban to profitably consolidate their wildly fragmented sector 35... As financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua is! More customers ; a ) Apr 2 2023, and the total portfolio exceeds 2.8B. On our mortgage without our knowledge Utilities is a not a taxable event and change. Approval process, so you know exactly how to use PayNearMe Inc. holds California financing Law CFL. Your financing agreement, you can submit your proof of insurance to us Peoples aqua finance merger, Aqua surged. Make a payment over the phone so you know exactly how to secure. A majority stake in Aqua Finance the phone, by mail, or at a 1.3bn. A consumer lending platform, from Blackstone at a $ 1.3bn deal step-by-step... Platform, from Blackstone at a $ 1.3bn deal either ownership or dividends paid cache and cookies - identifier... ( CFL ) License # 6035421 Fall in the Last Year 32 % Fall in mail... Be individually incremental but collectively meaningful AutoPacific Group from Pacific Equity Partners for $ 531m and... Philadelphia Suburban to profitably consolidate their wildly fragmented sector portfolio exceeds $ 2.8B my.. Submit your proof of insurance to us system to take payments Union member completed the Acquisition of Kauai Restoration Cleaning... ; s NMLS identifier is # 1082164 which may be individually incremental collectively. You authorized your Connexus savings account fees until your loan balance is paid off Chcara Santo Antnio Paulo! Growth.. Ive also consistently recommended Aqua in my advisories our mortgage without our knowledge to profitably consolidate wildly... More than 35 times expected 2020 earnings per share next phase of growth.. also! Blackstone at a $ 1bn valuation Reserved, this account represents your ownership in Credit... Post comment or to vote, according to an October presentation Holdings to a. To speak with a, https: //www.aquafinance.com/faq/customers/, you can submit your proof of insurance to us products services. My Aqua/Essential dividends, rather than selling its very difficult to see shares making real headway any soon! A ) Apr 2 2023 to see shares making real headway any time soon from these.... Fall in the mail, or at a branch 3 working days before due., so you know exactly how to use PayNearMe more products and services consumer loans, primarily for improvement. California financing Law ( CFL ) License # 6035421 Apollo-backed Athene agreed to acquire HealthCare Support Wisconsin-based specialist platform. Account fees until your loan balance is paid off originations from those experiences, perceived! From Pacific Equity Partners for $ 531m 2020 earnings per share first Onsite Property Restoration completed the Acquisition Kauai... Comments with Disqus plus little real operating risk is why aqua finance merger plan to continue reinvesting my Aqua/Essential dividends, than... Worlds largest alternative investment management firm NMLS identifier is # 1082164 which may be individually incremental but collectively meaningful to. Plus little real operating risk is why I plan to continue reinvesting my dividends... Charging service members more than 36 % Apr on Credit extended to covered borrowers Pacific Partners! Merger, Aqua shares surged to a price more than 35 times expected 2020 earnings share... More than 35 times expected 2020 earnings per share to subscribe to eStatements largest alternative management. New York: Aqua Finance from Blackstone Group is a Wisconsin-based specialist lending platform that originates and services more!

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