In fact, its likely that buying Peoples will accelerate Aquas already upper single digit underlying earnings growth rate, possibly by a couple percentage points. Please be aware that websites may be impersonating Aqua Finance. We look forward to continuing to support the business and its next phase of growth.. 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. The largest portion, $12.44 billion, was linked to Apollo-backed variable annuity reinsurer Venerable Holdings Inc. Investments linked to parents, subsidiaries and/or affiliates acquired by the general accounts of Athene's U.S. insurance companies during the third quarter included securities tied to MidCap and PK AirFinance, tranches of securitizations from OneMain Holdings Inc., a consumer finance company in which Apollo holds a minority stake, and Redding Ridge CLOs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. (FS), HashiCorp seeks $13bn valuation in IPO. And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. Adding Peoples should also open up a new range of acquisition targets for Aqua as it adds new geography. The merger is expected to close in January. Under the terms of the transaction, Apollo will manage the investment on behalf of Athene. For more than three decades, Aqua has partnered with merchants to provide flexible consumer lending solutions, and with Athene we look forward to investing in the business and supporting the Aqua team to build on this success, said Apollo Co-President Jim Zelter. 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. Edgewell Personal Care to acquire Billie for $310m. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. The Blackstone Group was formed in 1987 and is based in New York City. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. 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. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. Apollo will manage the investment on behalf of. Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. To ensure youre accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Because of this, it caused a NSF fee with my bank. And theres even a potential human link, as former CEO DeBenedictis was once an employee and board member of Exelon. Blackstone would also maintain a minority stake in the Company. 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. Das Naes Unidas 14401, Torre Hotel Chcara Santo Antnio So Paulo, BR-SP. You can reach us by calling 800.845.5025, emailing info@connexuscu.org, or chatting with us at ConnexusCU.org. 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. Two words: Extreme valuation. Through this transaction, the new investor group expects to invest in new technology and innovation to further enhance the merchant customer experience and drive expansion of the network with new and existing partners. 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. 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. 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. Aqua Finance, Inc. provides servicing and collection letters in Spanish. Complete the payment slip that comes with your statement and send it with a cheque in the envelope provided. Bluebell asked Glencore to separate its coal business. 6091. 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 billion. View all the payment options. (FS), Concentric Equity Partners-backed Riverbend Sandler Pools to acquire Pulliam Pools. We develop our programs around your customer&rsquo,s needs. UK competition regulator tells Facebook owner Meta to sell GIF maker Giphy. The lender focuses its services on water treatment, home improvements, pool and spa, HVAC financing, installment sale financing, and recreation niches, including marine and RV loans. The Military Lending Act (32 C.F.R. Access instructions and register for PayNearMe. JP Morgan to back KKR's $51bn financing in TIM deal. Its five-year target for originations from those platforms is $60 billion or more, according to an October presentation. Index Ventures and ICONIQ led a $190m Series C round in Motorway. 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. Read All. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. latest-news-headlines Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water . Apollo co-president Jim Zelter added: For more than three decades, Aqua has partnered with merchants to provide flexible consumer-lending solutions, and with Athene we look forward to investing in the business and supporting the Aqua team to build on this success. Tagged: Ali Habhab Andr Rouillard Andrew Colao Angel Torres Apollo Global Management Athene Holding Ltd. Blackstone Brett Valentyn Christopher Machera Hillel Jacobson Jenna McBain Jonathan Blackburn Karim Pirani Lauren Gallagher Marie-Marie . Click to get this free report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report Apollo Global Management, Inc. (APO) : Free Stock Analysis Report Athene Holding Ltd. (ATH) : Free Stock Analysis Report To read this article on Zacks.com click here. 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You may opt-out by. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words believes, expects, intends, anticipates, plans, seeks, estimates, projects, may, will, could, might, should, or continues or similar expressions. Additionally please clear both your browser's cache and cookies -. While you wait to receive your member number in the mail, you can submit your proof of insurance to us. (FS). (FS), Twitter tech chief Agrawal replaces CEO Dorsey as the lead. GUD Holdings to acquire AutoPacific Group from Pacific Equity Partners for $531m. If you'd like to contribute to the future editions,drop us a line. November 29, 2021 16:30 ET 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Apollo Global Management, Inc. Until then, you can set up loan payments with Aqua Finance. 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. To learn more, please visit www.apollo.com. About ApolloApollo is a high-growth, global alternative asset manager. 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. The company delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. 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. That's the highest multiple in the company's history and. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City. Published November 30, 2021 at 2:06 pm (Updated November 30, 2021 at 4:47 pm), 1. Note changing the name from Aqua to Essential Utilities is a not a taxable event and wont change either ownership or dividends paid. You will notice your new Connexus share savings account currently has a balance of $5. The history of M&A is packed with examples of acquiring companies losing their way after entering a new business. The company has strong and growing merchant relationships formed over 30 years, and has nearly doubled its annual loan originations since Blackstone first invested in 2018, with originations expected to reach $2 billion this year. You will need this member number to register for aDigital Banking accountwhere you can view and make payments on your loan. Get clear, quick answers and a transparent approval process, so you know exactly how to successfully secure financing. 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. Thats why my advice for anyone wanting to buy into this otherwise great company is to be patient for a better price. Future Aqua Finance securitizations could serve as one means of asset generation for Athene's investment portfolio, though the deal announcement did not include specifics in that respect. We make it easy for borrowers to manage their account online whenever they like quickly and securely. You must be Registered or Signed in to post comment or to vote. Scarcity plus little real operating risk is why I plan to continue reinvesting my Aqua/Essential dividends, rather than selling. Apollo Global Management and Athene Holding have signed an agreement to acquire a controlling stake in Aqua Finance for about $1 billion.The deal is expected to close in the first half of 2022. You recently took out a loan with our partner Aqua Finance. We deliver flexible and consumer-friendly financing programs so families can bring their dreams to life. To become a member of any credit union, you must have a savings account. 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. 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