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 in 2021. Because of this, it caused a NSF fee with my bank. Register today to see your account information and make your payments. (FS). Further information is available at www.blackstone.com. Published November 30, 2021 at 2:06 pm (Updated November 30, 2021 at 4:47 pm), 1. In the next 1-5 days, youll receive an important letter in the mail that will include your member number. 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. In fact, its cheap compared to neighboring York Water (NSDQ: YORW) selling at 40 times. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Complete the payment slip that comes with your statement and send it with a cheque in the envelope provided. 2023 Aqua Finance, Inc. All rights reserved. Bolt completed the acquisition of Tipser. In fact, his insights are very much at the root of the success Ive had investing in water utilities the past two decades. Arthur J. Gallagher boasts an impressive inorganic story. From those experiences, he perceived the opportunity for water utilities like Philadelphia Suburban to profitably consolidate their wildly fragmented sector. Please be aware that websites may be impersonating Aqua Finance. Additionally please clear both your browser's cache and cookies -. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. Ventia Services was founded in 2015 and is based in North Sydney, Australia. WPP completed the acquisition of Cloud Commerce Group. 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. A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. Use of this website signifies your agreement to the Terms of Service and Privacy Policy 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. Buying Aqua, which has less than one-quarter its market capitalization, would greatly accelerate that goal. Tamas Mir is a Senior VP, Business Analytics & Pricing at Aqua Finance based in Wausau, Wisconsin. 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. The transaction is subject to the fulfilment of customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2022. Innovid went public via a SPAC merger with ION Acquisition 2 in a $1.3bn deal. On January 1, 2022, we closed the merger with Athene in an all-stock transaction. Nowadays, it has over 350,000 active customers, and the total portfolio exceeds $2.8B. Exor's PartnerRe sale to free $10bn for investments. Riverbed was founded in 2002 and is based in San Francisco, California. Were excited to welcome you as a new member-owner of our credit union! The merger did take somewhat longer to close than managements initial projection of "mid-2019." With $731 billion in assets under management, Blackstone is the worlds largest alternative investment firm. 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 Check out our rates. To ensure youre accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. We require you to maintain insurance throughout the life of your loan. Forward-looking statements within this press release include, but are not limited to, statements regarding future growth prospects and financial performance. Apollo Global Management, Inc. Blackstone to Maintain Minority Investment in Aqua Finance, Specialist Platform on Track to Originate $2 Billion of Loans in 2021. These figures do not include the annual run-rates of $40 billion and $15 billion, respectively, in originations in Apollo's traditional private credit business nor its high-grade alpha business. One Equity Partners led a $300m funding round in Armis. The stake is to be acquired from funds managed by Blackstone Tactical Opportunities. I called Aqua Finance and was advised that although funds were taken electronically, it would take 5-10 days to receive a . GUD Holdings to acquire AutoPacific Group from Pacific Equity Partners for $531m. 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. | Source: Make a payment to Aqua Finance with our Payment Portal Skip to main content Please be aware that websites may be impersonating Aqua Finance. Pending the fulfillment of closing conditions, the transaction is expected to see the light of day in the first half of 2022.Blackstone will continue to have a minority interest in Aqua Finance. The history of M&A is packed with examples of acquiring companies losing their way after entering a new business. Click here to access the New Mexico Informational Brochure for Consumers including important information about terms and definitions in credit transactions as required by New Mexico law. We help families from coast-to-coast experience life to the fullest by making clean water, home renovations, and the great outdoors more affordable and accessible. 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.s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. 2023 Aqua Finance, Inc. All rights reserved. To ensure youre accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Microsofts Satya Nadella sells half of his shares in the company. Apollo will manage the investment on behalf of. We work to provide consumer financing solutions for dozens of unique products designed to make life more enjoyable, from enhancing the quality of your water and home improvements to outfitting your next adventure. Apollo currently holds 34% stake in Athene. 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. (FS), Concentric Equity Partners-backed Riverbend Sandler Pools to acquire Pulliam Pools. latest-news-headlines Submit your proof of insurance. To learn more, please visit www.apollo.com. 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. You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. We assist contractors to make home improvements happen. GB Group completed the acquisition of Acuant for $736m. . The recent acquisition is thus a strategic fit for Athene.Athene boasts an impressive inorganic growth, which has been driven by several buyouts and block reinsurance transactions with several companies. BROs solid earnings have allowed it to expand its capabilities, with the buyouts extending its geographic footprint.Shares of Athene have gained 95.3% year to date compared with the industrys 1.6% increase. Of that amount, $8.06 billion pertained to securitizations of unaffiliated assets where Apollo is the manager and $2.34 billion involved strategic investments in the Apollo direct origination platforms. Learn more about our water treatment financing, Learn more about our home improvement financing, Learn more about our pool and spa financing, Learn more about our recreation financing. A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. 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. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. Additionally, the company had cumulatively sold $3.7 billion of loans to third parties, including through a partnership with Wausau, Wis., neighbor Connexus CU. Aqua Finance withdrew funds for a pool loan on 12/14/22 and withdrew again 12/28/22 without authorization. (FS), Monomoy Capital Partners to acquire Thetford from The Dyson-Kissner-Moran. Their rates fall within the limits of The Military Lending Act. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. Subscribe and never miss a beat with MergerLinks. I am proud of the significant progress we have made in establishing Aqua as an industry leader together with Blackstone and look forward to building on that strong foundation in the years ahead," said Rich Morrin, Aquas Chief Executive Officer. Chatham Asset Management increased its offer for RR Donnelley to$10.25 per share in cash. Since then, shares have appreciated by more than 50 percent. And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. We specialize in working with dealers and retailers to finance recreational products such as boats, RVs, and trailers. But its very difficult to see shares making real headway any time soon from these levels. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. Roberto de Ocampo, who served as finance chief of . Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. Brown & Brown intends to make consistent investments in boosting organic growth and margin expansion. We believe the combination will accelerate growth through fully aligning both companies' respective strategies and employee incentives, while strengthening our combined capabilities as a capital solutions provider. Access to direct origination platforms confers a competitive advantage to insurance companies during a time in which attractive new money investment yields remain difficult to find. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Saturday 7 am 2 pm CT. Before you start, gather your 9-digit numeric account number (from your last statement) and banking details. No, we have waived all savings account fees until your loan balance is paid off. Diamonds Direct offers loose and mounted diamonds, a multitude of engagement ring mountings by designers, diamond and gemstone fashion jewelry, wedding bands, pearls, and much more. AJGs merger and acquisition pipeline is quite strong with about $400 million revenues associated with nearly 50 term sheets either agreed upon or being prepared. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Ive also consistently recommended Aqua in my advisories. And the combined company will also benefit from the synergies of operating gas distribution and water utilities in the same area. 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. We look forward to continuing to support the business and its next phase of growth.. 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. Aqua also attracted a $750 million equity investment from the Canada Pension Plan Investment Board. (FS), HashiCorp seeks $13bn valuation in IPO. Lazard and Goldman Sachs are serving as financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. Bluebell asked Glencore to separate its coal business. If you know someone who might enjoy this briefing forward this email. S&P Global Market Intelligence estimates that U.S. property and casualty and life insurers purchased in the primary and secondary markets $450.7 million in Aqua Finance paper between Nov. 17, 2017, and Sept. 30, 2021, including $105.9 million from the 2021-A transaction. As per the transaction, Aqua Finance, Inc.'s management has largely remained unchanged. In fact, its likely that buying Peoples will accelerate Aquas already upper single digit underlying earnings growth rate, possibly by a couple percentage points. The potential for sales-related synergies contributed to parent-subsidiary relationships between select life insurers and consumer finance companies decades ago. And Ive had the privilege of meeting with current CEO Chris Franklin, as well as several times with the architect of the companys three-decades-old growth through acquisitions strategy, Nicholas DeBenedictis. Ive mentioned Exelon Corp (EXC) before as a likely eventual suitor for Aqua. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. 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. (FS). 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. The strategic partnership helps Athene access APOs portfolio origination platform that provides ATH assets with better spreads. Legal Affairs. December 3, 2021 Martina Bellini. Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. Per Jim Belardi, chief executive officer of Athene, 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.Athene and Apollo have shared a partnership since the former was established in 2009. Amp ; Pricing at Aqua Finance directly and that your information is secure, always look the! Be aware that websites may be verified at NMLS Consumer Access verified at NMLS Access. Serving as financial advisors and Weil Gotshal & Manges LLP as aqua finance merger counsel to Blackstone and Aqua Finance funds. 5-10 days to receive a this press release include, but are not limited to, statements future... 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