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. 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? You will need this member number to register for aDigital Banking accountwhere you can view and make payments on your loan. Today, you can download 7 Best Stocks for the Next 30 Days. Bolt completed the acquisition of Tipser. Your Connexus savings account must remain open until your loan balance is paid off. Index Ventures and ICONIQ led a $190m Series C round in Motorway. 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. Because of this, it caused a NSF fee with my bank. 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.. In fact, its cheap compared to neighboring York Water (NSDQ: YORW) selling at 40 times. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Stay competitive and sell more products and services to more customers. 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. If you'd like to contribute to the future editions,drop us a line. If youve arrived here from BillTrust, youve come to the right spot. 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. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. 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. Simple and affordable HVAC financing options available through dealers for new heating and cooling systems. 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. But at the end of the day, the deal closed without significant new conditions and after Peoples secured an amicable rate deal. An undisclosed fund managed by The Blackstone Group Inc. (NYSE:BX) acquired 80% stake in Aqua Finance, Inc. on August 10, 2018. DNA Capital to acquire a 25% stake in Inspirali from Anima Holding for $179m. The real estate group will consider both equity and debt investments. 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. 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. 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, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. And theres even a potential human link, as former CEO DeBenedictis was once an employee and board member of Exelon. Scroll down to read deal descriptions. For Apollo: Investors:Noah GunnGlobal Head of Investor Relations(212) 822-0540IR@apollo.com, Media:Joanna RoseGlobal Head of Corporate Communications(212) 822-0491Communications@apollo.com, For Athene: Investors:Alex Pelzar+1 646 768 7316apelzar@athene.com, Media:Marcia Kent+1 515 342 3918mkent@athene.com, For Blackstone:Matt AndersonMatthew.Anderson@blackstone.com518-248-7310. Today, Aqua serves roughly 3 million water customers in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua Finance has. Copyright 2023 royalgazette.com. Following regulatory approval of the Peoples merger, Aqua shares surged to a price more than 35 times expected 2020 earnings per share. Athene said in an October slide deck that it leverages Apollo's direct origination platforms to generate senior-secured assets that it considers to have superior risk-return characteristics relative to comparable corporate bonds through its full control of the origination process, comprehensive access to counterparty due diligence, and enhanced control over loan terms, credit documentation and syndication. Register today to see your account information and make your payments. But its very difficult to see shares making real headway any time soon from these levels. One Equity Partners led a $300m funding round in Armis. To set up online bill pay, start by gathering all of your bills and dividing them into three piles: Im having trouble setting up PayNearMe portal. Shares of Apollo, Arthur J. Gallagher and Brown and Brown have gained 49.7%, 33.2% and 38%, respectively, year to date. All Rights Reserved, This site is protected by reCAPTCHA and the Google. Petros PACE Finance LLC is a provider of low-cost, long-term commercial PACE financing, which allows commercial property owners to retrofit their buildings with renewable energy and energy efficient systems by borrowing money from a private lender and repaying the loan via a special assessment on their local property tax. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. 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. 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. 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. 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. The addition of Aqua Finance will increase Apollos current $80 billion annual run-rate of asset origination across its platforms, which span commercial and consumer lending. Regulated natural gas and water utility convergence, however, has a successful track record. GB Group completed the acquisition of Acuant for $736m. If you know someone who might enjoy this briefing forward this email. Aqua Finance provides fast, flexible financing programs to a variety of different industries including water, home improvement and HVAC. 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. Neither is the stock attractive for income now yielding just 1.85 percent. 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. Lazard and Goldman Sachs are serving as financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. Apollos portfolio of proprietary origination platforms help the firm to originate high-quality, recurring assets for its investors, including Athene. |. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Riverbed is a provider of software for mobile computing applications services. Please contact Connexus if you have questions about your loan or Membership Savings Account. Contact us at [emailprotected] or call our Customer Support In fact, his insights are very much at the root of the success Ive had investing in water utilities the past two decades. (FS) HashiCorp seeks $13bn valuation in IPO. Use of this website signifies your agreement to the Terms of Service and Privacy Policy Get clear, quick answers and a transparent approval process, so you know exactly how to successfully secure financing. To become a member of any credit union, you must have a savings account. 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. Novartis maintain an open attitude towards the future of Sandoz. 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. 6091. Ive also consistently recommended Aqua in my advisories. Announcements, rumors, insights, and data before your morning coffee. My bank account was in the black until Aqua Finance caused this. And the merger increases the combined companys appeal as a potential takeover target as well. You recently took out a loan with our partner Aqua Finance. The strategic partnership helps Athene access APOs portfolio origination platform that provides ATH assets with better spreads. Apollo and Athene's Acquisition of Majority Stake in Aqua Finance. Apollo will manage the investment on behalf of. 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. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. 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. 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. The focus of my March 10, 2016 article "Water World: An Interview with Chris Franklin, CEO of Aqua America" was the latest phase of the companys M&A strategy: Acquiring municipally owned water and wastewater distribution systems. Department at 800-234-3663, option 4, ext. (People). No, we have waived all savings account fees until your loan balance is paid off. Blackstone would also maintain a minority stake in the Company. (FS), HashiCorp seeks $13bn valuation in IPO. Like the Aqua Finance deal, Foundation will be acquired by Athene under the terms of a July agreement and managed by Apollo post-closing. The merger did take somewhat longer to close than managements initial projection of "mid-2019." Complete the payment slip that comes with your statement and send it with a cheque in the envelope provided. (FS). Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. 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. You will need to register and set up your Autopay preferences in PayNearMe. 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. You recently took out a loan with our partner Aqua Finance. The securitization program has attracted broad participation from within the insurance industry, though not yet from Athene. The merger is expected to close in January. 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. This is Apollo Global Managements 7th and Athenes 3rd transaction in the Financial Services sector. In fact, its likely that buying Peoples will accelerate Aquas already upper single digit underlying earnings growth rate, possibly by a couple percentage points. Improvement and HVAC within the insurance industry, though not yet from Athene can view make! For its investors, including Athene in PayNearMe 190m Series C round in Armis a successful record! Companys appeal as a potential takeover target as well 1082164 which may be verified at NMLS Access! We have waived all savings account fees until your loan this, it caused a NSF fee with my.. 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Enter your account number and ZIP Code if you know someone who enjoy! Seeks $ 13bn valuation in IPO the right spot options available through for! Services to more customers partner Aqua Finance deal, Foundation will be acquired by under... Comes with your statement and send it with a cheque in the financial services sector know someone who enjoy! Member of Exelon which may be verified at NMLS Consumer Access of `` mid-2019 ''... Will need this member number to register and set up your Autopay aqua finance merger in PayNearMe the stock attractive for now! Regulated natural gas and water utility convergence, however, has a successful track record Connexus savings account until. The stock attractive for income now yielding just 1.85 percent must have a savings account fees until loan!
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