Please be aware that websites may be impersonating Aqua Finance. (FS). In the next 1-5 days, youll receive an important letter in the mail that will include your member number. Aqua Finance, Inc. provides servicing . The potential for sales-related synergies contributed to parent-subsidiary relationships between select life insurers and consumer finance companies decades ago. 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. On November 29, 2021, asset manager Apollo Global Management and Athene acquired financial services company Aqua Finance from The Blackstone Group for 1.0B USD. Aqua Finance provides fast, flexible financing programs to a variety of different industries including water, home improvement and HVAC. Legal Affairs. 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.. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Athene and Apollo have agreed to merge, with the closing of the merger subject to approval by the shareholders in the two companies, the receipt of regulatory approvals and the satisfaction of other customary closing conditions. The Company has strong and growing merchant relationships formed over 30 years. 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. 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. /marketintelligence/en/news-insights/latest-news-headlines/athene-s-1b-aqua-finance-buy-evokes-a-bygone-era-but-furthers-a-modern-strategy-67897095 Syn Mun Kong's shareholders weigh majority stake sell. 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. 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. Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. Innovid went public via a SPAC merger with ION Acquisition 2 in a $1.3bn deal. 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. No, we have waived all savings account fees until your loan balance is paid off. 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. Your suggestions and comments support the democratisation of M&A data. In fact, his insights are very much at the root of the success Ive had investing in water utilities the past two decades. (FS). Save my name, email, and website in this browser for the next time I comment. Diamonds Direct was formed in 1995 and is based in Charlotte, North Carolina. 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. 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. Athene Safe Harbor for Forward-Looking StatementsThis press release contains, and certain oral statements made by Athene's representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Scroll down to read deal descriptions. latest-news-headlines (FS). A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. We look forward to continuing to support the business and its next phase of growth.. Expand your network of fellow Dealmakers by inviting your colleagues and coworkers. This is Apollo Global Management's 33rd and Athene's 2nd largest (disclosed . content His comments then have proven prescient, both for Aqua and the US water sector overall. Simple and affordable HVAC financing options available through dealers for new heating and cooling systems. That point is best demonstrated by the drop in yield to maturity for its bonds of May 2049, from roughly 4.3 percent when they were issued in late April 2019 to just 3.5 percent this past week. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. Subscribe and never miss a beat with MergerLinks. Bluebell asked Glencore to separate its coal business. (FS), Trilantic and Cornell Capital-backed Ingenovis Health to acquire HealthCare Support. 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. The history of M&A is packed with examples of acquiring companies losing their way after entering a new business. As it stands, Athene reported that related party investments of $29.11 billion as of Sept. 30 constituted 12.9% of its total assets. Complete the payment slip that comes with your statement and send it with a cheque in the envelope provided. (FS), SC Capital Partners acquires real estate NPL portfolio in Japan. To read this article on Zacks.com click here. If you know someone who might enjoy this briefing forward this email. 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 is a specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. Lundin Energy considers possible sale or merge. 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. One Equity Partners led a $300m funding round in Armis. Aqua Finance, Inc. provides servicing and collection letters in Spanish. 20-22 Wenlock Road London N1, 7GU England. 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. JP Morgan said in the letter it was ready to lift its commitment above $51bn if necessary. 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. "All options are open for us," Joerg Reinhardt, Novartis Chairman. To learn more, please visit www.apollo.com. You will notice your new Connexus share savings account currently has a balance of $5. You must be Registered or Signed in to post comment or to vote. Ackman SPAC needs new law to fight lawsuit. Were excited to welcome you as a new member-owner of our credit union! Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Aqua Finance has partnered with read more company news. 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. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. 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. 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. While you wait to receive your member number in the mail, you can submit your proof of insurance to us. 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. Apollos portfolio of proprietary origination platforms help the firm to originate high-quality, recurring assets for its investors, including Athene. 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. The Blackstone Group was formed in 1987 and is based in New York City. And the combined company will also benefit from the synergies of operating gas distribution and water utilities in the same area. The company delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. The securitization program has attracted broad participation from within the insurance industry, though not yet from Athene. (FS), Twitter tech chief Agrawal replaces CEO Dorsey as the lead. Athene specializes in helping its customers achieve financial security and is a solutions provider to institutions. November 29, 2021 16:30 ET A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. And Im convinced as ever that my initial bullish observations will prove accurate. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. 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, said Jim Belardi, Chief Executive Officer of Athene. 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. Franklins comments then have since proven equally on the mark, though developments have likely taken longer to unfold than he anticipated. 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. Ive personally owned Aqua America (WTR)which on February 3 will rename itself Essential Utilities (WTRG)since it was Philadelphia Suburban. (Financial Sponsors), Innovid went public via a SPAC merger with ION Acquisition 2 in a $1.3bn deal. Roberto de Ocampo, who served as finance chief of . Petros PACE was fomred in 2010 and is based in Austin, Texas. The Military Lending Act (32 C.F.R. If you would prefer not to receive paper statements in the mail, heres how to subscribe to eStatements. Want the latest recommendations from Zacks Investment Research? 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. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. As per the transaction, Aqua Finance, Inc.'s management has largely remained unchanged. We deliver flexible and consumer-friendly financing programs so families can bring their dreams to life. Equistone Partners-backed GSCM Group completed the acquisition of Deltamod. 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. Tagged: Ali Habhab Andr Rouillard Andrew Colao Angel Torres Apollo Global Management Athene Holding Ltd. Blackstone Brett Valentyn Christopher Machera Hillel Jacobson Jenna McBain Jonathan Blackburn Karim Pirani Lauren Gallagher Marie-Marie . We assist contractors to make home improvements happen. Ive mentioned Exelon Corp (EXC) before as a likely eventual suitor for Aqua. Get clear, quick answers and a transparent approval process, so you know exactly how to successfully secure financing. Athene is a life insurance holding company focused principally on the retirement market and whose business, through its subsidiaries, is focused primarily on issuing or reinsuring fixed and equity indexed annuities. Early in the previous decade, that company shifted its strategy to focusing on growing its regulated electricity transmission and distribution rate base rather than adding nuclear generating capacity, acquiring the former Pepco Holdings in March 2016. 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. If you have automatic payments set up in the previous payment system (BillTrust): Your automatic payments in BillTrust have been disabled. 6091. Large holders include Liberty Mutual Holding Co. Inc. and the groups led by New York Life Insurance Co., Massachusetts Mutual Life Insurance Co. and American Family Mutual Insurance Co. SI. Our goal is to ensure our dealers and borrowers achieve their dreams Just add Aqua to experience the difference of working with a company that cares about outcomes. You must be logged in to post or view comments with Disqus. Since then, shares have appreciated by more than 50 percent. Ive also consistently recommended Aqua in my advisories. Key Apollo direct origination platforms include middle-market commercial finance company MidCap Financial LLC, specialized aircraft and aircraft engine lender PK AirFinance SA, collateralized loan obligation manager Redding Ridge Asset Management LLC, aircraft lessor Merx Aviation Finance LLC, Australia-based commercial real estate investment manager MaxCap Group Pty. 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. Mergers & Acquisitions (M&A) Apr 2 2023. Ammonia . But its very difficult to see shares making real headway any time soon from these levels. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Covington Water Bill Pay & Customer Service, How to Pay Nashville Electric Service Bill, How To Pay Peopleready Bill & Understanding Your Staffing Companys Bill Rate, Sleepys Credit Card Payment & Customer Service, How to Pay Bowling GreenState University Bill, How To Pay Your Dominion Energy Bill Money Services, Save your time, postage and checks with digital payments, Keep sensitive information like account numbers out of the mail, Avoid late fees and worry less knowing your bills are paid on time, Keep your account info with your bank, not at a third party site, Bills that are the same amount each month, such as loan payments or the cable bill, Regular bills that are for different amounts each month, such as the power bill or credit card bill, Bills that you do not pay regularly with variable amounts. 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