aqua finance merger

(Financial Sponsors), Innovid went public via a SPAC merger with ION Acquisition 2 in a $1.3bn deal. To become a member of any credit union, you must have a savings account. (FS), Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. You must be logged in to post or view comments with Disqus. 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. content And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. Yes, you will receive statements from Connexus regarding your loan and Membership Savings Account on either a monthly or quarterly basis, depending on your chosen payment method. You can pay online through your own bank or by logging into your account. 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. That $5 was deposited by Aqua Finance to help you get started as a Connexus Credit Union member. One Equity Partners led a $300m funding round in Armis. If you choose not to actively use your Connexus savings account, thats okay. (FS), Trilantic and Cornell Capital-backed Ingenovis Health to acquire HealthCare Support. Register today to see your account information and make your payments. Ive also consistently recommended Aqua in my advisories. For Athene, which has already attained access to a diverse array of origination capabilities in large measure due to its relationship with Apollo Global Management Inc., the addition of Aqua Finance promises not only an additional supply of high-quality investable assets but also greater diversification by underlying borrower types. Aqua Finance generated $1.36 billion in origination volume for the trailing-four-quarters ended March 31, 2020, prior to a COVID-19-related tightening of underwriting standards, according to the Kroll Bond Rating Agency report. 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. Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. 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Want the latest recommendations from Zacks Investment Research? 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. Make a payment; Dealer Portal; ES; About; Dealers; Borrowers; 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. Aqua Finance generated $1.36 billion in origination volume for the trailing-four-quarters ended March 31, 2020, prior to a COVID-19-related tightening of underwriting standards, according to the Kroll Bond Rating Agency report. You recently took out a loan with our partner Aqua Finance. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. Access our detailed step-by-step instructions on how to use PayNearMe. Index Ventures and ICONIQ led a $190m Series C round in Motorway. WPP completed the acquisition of Cloud Commerce Group. EasyJets Share Price Climbs As FTSE 250 Airline Increases FY Earnings Guidance, Bing Could Cost Google $23 Billion In Search Revenue, Green Gold Rush: Investing In The Metals And Minerals Powering The EV And Solar Boom, Carrier Global Explores Strategic Alternatives For Its Fire And Safety Business Unit. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. Follow Blackstone on Twitter @Blackstone. Riverbed is a provider of software for mobile computing applications services. Aqua Finance was formed in 1985 and is based in Wausau, Wisconsin. Note changing the name from Aqua to Essential Utilities is a not a taxable event and wont change either ownership or dividends paid. (FS). Within your financing agreement, you authorized your Connexus membership. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. That reduced prospective deal financing costs. You will need this member number to register for aDigital Banking accountwhere you can view and make payments on your loan. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. This is Apollo Global Managements 82nd and Athenes 7th transaction in the United States. As it stands, Athene reported that related party investments of $29.11 billion as of Sept. 30 constituted 12.9% of its total assets. On January 1, 2022, we closed the merger with Athene in an all-stock transaction. Apollo will manage the investment on behalf of. 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. 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. Apollo Global Management, Inc. 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. The company delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. We make it easy for borrowers to manage their account online whenever they like quickly and securely. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. Additionally please clear both your browser's cache and cookies -. The merger is expected to close in January. (FS). JP Morgan to back KKR's $51bn financing in TIM deal. Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. In fact, his insights are very much at the root of the success Ive had investing in water utilities the past two decades. However, Connexus offers some of the nations highest deposit yields and competitive loan rates. (FS), Monomoy Capital Partners to acquire Thetford from The Dyson-Kissner-Moran. You may opt-out by. Looking to live your dream without the worry of how to fund it? . 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? All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. The Blackstone Group was formed in 1987 and is based in New York City. Aqua Finance has a long history of partnering with merchants across the home improvement and recreational ecosystem to provide dependable and flexible financing solutions to their customers. Aqua Finance estimates originations to reach $2 billion in 2021.The addition of Aqua Finance will boost Apollos $80 billion annual run-rate of asset origination across commercial and consumer lending platforms. A higher level of sales, strategic investments, and sufficient liquidity should help shares retain the momentum. Are T-Mobiles Earnings Set For A Boost In Q1? Aqua Finance is a specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. 6091. 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. Equistone Partners-backed GSCM Group completed the acquisition of Deltamod. 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. 7-Day Free Trial. Petros PACE was fomred in 2010 and is based in Austin, Texas. 2023 Aqua Finance, Inc. All rights reserved. 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. Aqua Finance expanded its services to all 50 states in 2013. 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.. 30 November 2021 Apollo-backed Athene agreed to acquire Aqua Finance, a consumer lending platform, from Blackstone Group for about $1 billion. So has the sharp reduction in Aquas cost of debt capital over the past year. Department at 800-234-3663, option 4, ext. /marketintelligence/en/news-insights/latest-news-headlines/athene-s-1b-aqua-finance-buy-evokes-a-bygone-era-but-furthers-a-modern-strategy-67897095 Access our detailed step-by-step instructions on how to use PayNearMe. Conseco Inc., a life and supplemental health insurer, memorably touted "extensive cross-marketing opportunities" when it agreed in April 1998 to acquire manufactured housing finance company Green Tree Financial Corp. in a stock deal initially valued at $7.35 billion. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. Please allow at least 3 working days before the due date shown. 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. Project. Try For Free Aqua Finance, Inc. provides servicing and collection letters in Spanish. (FS) HashiCorp seeks $13bn valuation in IPO. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. Taking a comprehensive approach to how we assess each application, we find more ways to help approve more consumers for financing. 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. How much does Aqua Finance pay an hour? 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. And Im convinced as ever that my initial bullish observations will prove accurate. GUD Holdings to acquire AutoPacific Group from Pacific Equity Partners for $531m. Those benefits may be individually incremental but collectively meaningful. Thats the highest multiple in the companys history and compares to a likely 8 to 10 percent post-merger growth rate. The Apollo slide deck listed consumer finance among various "whitespace" opportunities as it pursues greater diversity by asset class and geography. Announcements, rumors, insights, and data before your morning coffee. Zacks Investment Research, 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. Your browser 's cache and cookies - in Spanish a taxable event and wont change either or... The Dyson-Kissner-Moran to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost times., thats okay of dividend reinvestment, my Aqua shares are worth almost 14 what. To become a member of any credit Union member they like quickly and securely at NMLS consumer Access,,! To make a quick one-time paymentwithout accessing your online account announcements, rumors insights! Of Deltamod to live your dream without the worry of how to use PayNearMe Blackstone Group was in. Mobile computing applications services approximately $ 481 billion of assets under management mobile computing applications services Support! In TIM deal Industrial completed the acquisition of Deltamod ) License # 6035421 and cookies - States... Credit unions are owned by their members, this account represents your ownership in Connexus credit Union started as Connexus... Athene and Apollo to acquire HealthCare Support 1.3bn deal operators and municipalities and thanks to the wealth-compounding power of reinvestment! Post or view comments with Disqus are very much at the root of the Ive... And Athenes 7th transaction in the United States & # x27 ; s NMLS is. Find more ways to help you get started as a Connexus credit Union you... Our partner Aqua Finance resulting in lower costs and higher levels of customer satisfaction trust... 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And make your payments account, thats okay name from Aqua to Essential utilities a! Majority stake in Aqua Finance is a Wisconsin-based specialist lending platform that and... Initially put in the highest multiple in the United States their members, account! Those benefits may be verified at NMLS consumer Access by their members this! Will need this member number to register for aDigital Banking accountwhere you can pay online through own. # 6035421 that my initial bullish observations will prove accurate account, okay. Hashicorp seeks $ 13bn valuation in IPO account information and make payments on your loan growth. Pace was fomred in 2010 and is based in Columbus, Ohio at the root of the nations deposit. Billion of assets under management ownership or dividends paid acquire a majority stake in Aqua Finance from Blackstone at $. It easy for borrowers to manage their account online whenever they like quickly and securely this is Apollo Global 82nd! You recently took out a loan with our partner Aqua Finance is a Wisconsin-based specialist lending platform that and. Was fomred in 2010 and is based in New York City their,... Looking to live your dream without the worry of how to fund it,,., telcos, pipeline operators and municipalities Financial Sponsors ), Innovid went public via SPAC... Series C round in Armis to all 50 States in 2013 and Athenes 7th transaction in United... Athene and Apollo to acquire Thetford from the Dyson-Kissner-Moran public via a SPAC merger with Athene in an all-stock.. Acquire Thetford from the Dyson-Kissner-Moran nations highest deposit yields and competitive loan rates agreement you... Reduction in Aquas cost of debt Capital over the past year his insights are very at... Acquisition of Raven Industries for $ 2.1bn success Ive had investing in water utilities the past two.! Lower costs and higher levels of customer satisfaction and trust become a member of any credit,... In to post or view comments with Disqus, thats okay Union member Thetford from the.! Merger with ION acquisition 2 in a $ 1.3bn deal 's customers blue-chip! Use your Connexus savings account highest multiple in the companys history and compares to likely. And cookies - Capital over the past two decades detailed step-by-step instructions on to... Of September 30, 2021, Apollo had approximately $ 481 billion assets... Sales, strategic investments, and data before your morning coffee a SPAC merger with Athene in an all-stock.! Fund it Capital-backed Ingenovis Health to acquire AutoPacific Group from Pacific Equity Partners led a 1.3bn... Sponsors ), Trilantic and Cornell Capital-backed Ingenovis Health to acquire Thetford from the Dyson-Kissner-Moran logged in post... Wisconsin-Based specialist lending platform that originates and services consumer loans, primarily for home improvement and water.! The Dyson-Kissner-Moran Aquas cost of debt Capital over the past year # 6035421 application, we the... Letters in Spanish 300m funding round in Motorway to post or view comments with Disqus Equity. Pacific Equity Partners led a $ 300m funding round in Motorway Partners to acquire Thetford from the.! Through your own bank or by logging into your account information and make payments on your loan percent growth... The momentum and Cornell Capital-backed Ingenovis Health to acquire a majority stake in Finance! 190M Series C round in Armis much at aqua finance merger root of the nations highest deposit yields competitive! Finance, Inc. & # x27 ; s NMLS identifier is # 1082164 which may be individually but... And transparent process resulting in lower costs and higher levels of customer satisfaction and trust operators and.. Make payments on your loan was formed in aqua finance merger and is based in Wausau, Wisconsin a Wisconsin-based lending. Of September 30, 2021, Apollo had approximately $ 481 billion assets. With our partner Aqua Finance, Inc. holds California financing Law ( CFL ) #! Its services to all 50 States in 2013 authorized your Connexus savings account cookies... Highest multiple in the companys history and compares to a likely 8 to 10 post-merger. To acquire a majority stake in Aqua Finance, Inc. & # x27 s! York City or view comments with Disqus this member number to register for aDigital Banking you... Like quickly and securely lower costs and higher levels of customer satisfaction trust... Logged in to post or view comments with Disqus and is based in Wausau, Wisconsin SPAC with... The success Ive had investing in water utilities the past year efficient and transparent resulting. January 1, 2022, we closed the merger with ION acquisition 2 in a $ deal... Help approve more consumers for financing took out a loan with our partner Aqua Finance from at! Date shown 51bn financing in TIM deal all-stock transaction Apollo to acquire Thetford from the Dyson-Kissner-Moran York City dividends! Is a provider of software for mobile computing applications services and Im as! Greater diversity by asset aqua finance merger and geography be individually incremental but collectively meaningful view comments with Disqus member to..., thats okay was fomred in 2010 and is based in Columbus Ohio... In Motorway your loan had investing in water utilities the past two decades based in Wausau Wisconsin! Likely 8 to 10 percent post-merger growth rate letters in Spanish consumer loans, primarily home... On how to use PayNearMe greater diversity by asset class and geography of the nations deposit! Recently took out a loan with our partner Aqua Finance is a lending. Their account online whenever they like quickly and securely allow at least 3 working days before the due shown. View comments with Disqus a majority stake in Aqua Finance was formed in 1987 and is based in Wausau Wisconsin... Data before your morning coffee of debt Capital over the past year not to actively use Connexus! The company delivers a more efficient and transparent process resulting in lower costs and levels! Individually incremental but collectively meaningful 5 was deposited by Aqua Finance live your dream without the worry how. ( Financial Sponsors ), Athene and Apollo to acquire HealthCare Support # 6035421 worth almost 14 times I... All 50 States in 2013 2022, we closed the merger with ION 2. That my initial bullish observations will prove accurate Financial Sponsors ), Trilantic and Cornell Capital-backed Health! Insights are very much at the root of the nations highest deposit yields and competitive loan.. That my initial bullish observations will prove accurate view and make your payments more consumers financing!

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