Apollo Funds to Acquire 50% Stake in Broad Reach Power from EnCap

Apollo Funds and existing EnCap-led shareholder group also commit to invest up to $400 million of new equity to accelerate Broad Reach Power’s growth and expansion plans Transaction marks first sale for EnCap Energy Transition Fund I Extends Apollo’s energy transition activity with premier, vertically integrated platform NEW YORK and HOUSTON – November 22, 2021 –…