Apollo has completed its acquisition of Texas-based water infrastructure operator Maverick, marking a strategic expansion into the state's most water‑stressed growth corridor. Founded in 2018, Maverick develops and operates purpose‑built water assets under long‑term contracts with real‑estate developers, data‑centre operators and industrial and energy customers. The company’s model preserves scarce potable supply while delivering reliable service in high‑growth markets.

Apollo’s infrastructure platform has deployed more than $130bn over the past five years, driven by what it calls the “Global Industrial Renaissance” – the re‑industrialisation, energy transition and digital build‑out that underpin its investment thesis. “Maverick has built a differentiated platform delivering long‑term water solutions across some of the country’s fastest‑growing markets,” said Jon Levinson, Managing Director of Apollo’s Infrastructure Group.

The transaction also represents a timely exit for Houston‑based formation capital investor Crosstimbers. “Resilient infrastructure, innovation, and stronger alignment with companies are all important elements of flourishing communities. That’s the belief we founded Maverick on,” said Trevor Brock, Co‑founder and Managing Partner. He added, “We’re grateful for their partnership and excited to watch Maverick continue to grow with Apollo.”