Ive mentioned Exelon Corp (EXC) before as a likely eventual suitor for Aqua. 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? 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. Copyright 2023 royalgazette.com. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. Newfi Lending was formed in 2014 and is based in Emeryville, California. Factors that could cause actual results, events and developments to differ include, without limitation: the accuracy of Athene's assumptions and estimates; Athene's ability to maintain or improve financial strength ratings; Athene's ability to manage its business in a highly regulated industry; regulatory changes or actions; the impact of Athene's reinsurers failing to meet their assumed obligations; the impact of interest rate fluctuations; changes in the federal income tax laws and regulations; the accuracy of Athene's interpretation of the Tax Cuts and Jobs Act; litigation (including class action litigation), enforcement investigations or regulatory scrutiny; the performance of third parties; the loss of key personnel; telecommunication, information technology and other operational systems failures; the continued availability of capital; new accounting rules or changes to existing accounting rules; general economic conditions; Athene's ability to protect its intellectual property; the ability to maintain or obtain approval of the Delaware Department of Insurance, the Iowa Insurance Division and other regulatory authorities as required for Athene's operations; the delay or failure to complete or realize the expected benefits from the proposed merger with Apollo Global Management; and other factors discussed from time to time in Athene's filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2020, its quarterly report on Form 10-Q for the quarterly period ended September 30, 2021, and its other SEC filings, which can be found at the SECs website www.sec.gov. Syn Mun Kong's shareholders weigh majority stake sell. 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 in 2021. 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. We help families from coast-to-coast experience life to the fullest by making clean water, home renovations, and the great outdoors more affordable and accessible. Wisconsin-based Aqua Finance is a fast-growing consumer lending platform, originating and servicing consumer loans primarily for home improvement and water treatment. 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. Lazard and Goldman Sachs are serving as financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. Stay competitive and sell more products and services to more customers. This is Apollo Global Management's 33rd and Athene's 2nd largest (disclosed . Shares of Apollo, Arthur J. Gallagher and Brown and Brown have gained 49.7%, 33.2% and 38%, respectively, year to date. As Essential Utilities, it will start out with nearly 80 percent of rate base in Pennsylvania, where management has built one of the most constructive regulatory relationships of any utility in the country. Apollo Global Management, Inc. Blackstone to Maintain Minority Investment in Aqua Finance, Specialist Platform on Track to Originate $2 Billion of Loans in 2021. Aqua Finance withdrew funds for a pool loan on 12/14/22 and withdrew again 12/28/22 without authorization. Expand your network of fellow Dealmakers by inviting your colleagues and coworkers. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water . Warburg Pincus and Apax help to push India IPO market. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Just add Aqua. Ive personally owned Aqua America (WTR)which on February 3 will rename itself Essential Utilities (WTRG)since it was Philadelphia Suburban. Submit your proof of insurance. Learn more. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. About ApolloApollo is a high-growth, global alternative asset manager. 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. To learn more, please visit www.apollo.com. In the next few days, however, it will complete its most transforming deal yet: The all-cash $4.28 billion purchase of natural gas distribution utility Peoples Gas, which serves roughly 740,000 homes and businesses in western Pennsylvania, West Virginia and Kentucky. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. Save my name, email, and website in this browser for the next time I comment. Following regulatory approval of the Peoples merger, Aqua shares surged to a price more than 35 times expected 2020 earnings per share. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irths software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. In fact, his insights are very much at the root of the success Ive had investing in water utilities the past two decades. This is Apollo Global Managements 82nd and Athenes 7th transaction in the United States. Lundin Energy considers possible sale or merge. The Blackstone Group is a global alternative investment management firm. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City. The merger did take somewhat longer to close than managements initial projection of "mid-2019." IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. How much does Aqua finance pay? 2023 Connexus Credit Union. Saturday 7 am 2 pm CT. Department at 800-234-3663, option 4, ext. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. (FS). 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. Market Intelligence WPP completed the acquisition of Cloud Commerce Group. An undisclosed fund managed by The Blackstone Group Inc. (NYSE:BX) acquired 80% stake in Aqua Finance, Inc. on August 10, 2018. (FS). 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. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. That $5 was deposited by Aqua Finance to help you get started as a Connexus Credit Union member. All rights reserved. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Are T-Mobiles Earnings Set For A Boost In Q1? Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. (FS) HashiCorp seeks $13bn valuation in IPO. So has the sharp reduction in Aquas cost of debt capital over the past year. Additionally, the company had cumulatively sold $3.7 billion of loans to third parties, including through a partnership with Wausau, Wis., neighbor Connexus CU. Simple and affordable HVAC financing options available through dealers for new heating and cooling systems. +5.14%. Aqua Finance, Inc.s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. This is Apollo Global Managements 1st and Athenes 1st transaction in Wisconsin. A former high ranking Cabinet official has urged the Marcos administration to rethink the pending proposal to unify the two largest state-owned financing institutions in the country fearing that it might dilute government's support to industry and agriculture, the main pillars of the economy. If you would prefer not to receive paper statements in the mail, heres how to subscribe to eStatements. Aqua also attracted a $750 million equity investment from the Canada Pension Plan Investment Board. 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. 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. 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. Within your financing agreement, you authorized your Connexus membership. His comments then have proven prescient, both for Aqua and the US water sector overall. To become a member of any credit union, you must have a savings account. PayNearMe is Aquas new payment portal. Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. 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. From a yield perspective, the company targets outperformance through those platforms of between 100 and 200 basis points over liquid corporates. Published November 30, 2021 at 2:06 pm (Updated November 30, 2021 at 4:47 pm), 1. While you wait to receive your member number in the mail, you can submit your proof of insurance to us. 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. Project. Apollo Global Management, Inc. Complete the payment slip that comes with your statement and send it with a cheque in the envelope provided. 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. The transaction is subject to the satisfaction of customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2022. We develop our programs around your customer&rsquo,s needs. Aqua Finance employees rate the overall compensation and benefits package 3.5/5 stars. We make it easy for borrowers to manage their account online whenever they like quickly and securely. 6091. content Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. At AFI, we provide consumer and retail financing opportunities to . How much does Aqua Finance pay an hour? And the combined company will also benefit from the synergies of operating gas distribution and water utilities in the same area. As per the terms of the deal, the investment will be managed by Apollo on behalf of Athene. Please contact Connexus if you have questions about your loan or Membership Savings Account. Ardian and MidOcean-backed Florida Food Products to acquire Comax Flavors. GUD Holdings to acquire AutoPacific Group from Pacific Equity Partners for $531m. In the next 1-5 days, youll receive an important letter in the mail that will include your member number. All Rights Reserved, This site is protected by reCAPTCHA and the Google. 7-Day Free Trial. One Equity Partners led a $300m funding round in Armis. Athene Holdings ATH and Apollo Global Management APO have agreed to buy a majority interest in Aqua Finance for $1 billion from Blackstone Tactical Opportunities. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. The Military Lending Act (32 C.F.R. 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. The company delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. https://www.aquafinance.com/faq/customers/, You are welcome to make a payment over the phone. (FS), Monomoy Capital Partners to acquire Thetford from The Dyson-Kissner-Moran. . (FS), Pivotal bioVenture Partners led a $100m Series C round in HotSpot Therapeutics. Those benefits may be individually incremental but collectively meaningful. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. Since then, shares have appreciated by more than 50 percent. You must be Registered or Signed in to post comment or to vote. 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. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Use of this website signifies your agreement to the Terms of Service and Privacy Policy We obtained a softener system through aqua water finance this account was sold to Connexus credit Union On our credit report it states that the account was closed December 31st 2019 paid 100%. I called Aqua Finance and was advised that although funds were taken electronically, it would take 5-10 days to receive a . The securitization program has attracted broad participation from within the insurance industry, though not yet from Athene. This is Apollo Global Managements 7th and Athenes 3rd transaction in the Financial Services sector. (FS) Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. Adding Peoples should also open up a new range of acquisition targets for Aqua as it adds new geography. 2023 Aqua Finance, Inc. All rights reserved. Previously, . Ventia Services is a provider of infrastructure services in Australia and New Zealand. I first discussed the Peoples acquisition when I recommended Aqua as a Conservative focus stock in the November 2018 issue of Conrads Utility Investor. To ensure youre accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Aqua Finance employees rate the overall compensation and benefits package 3.5/5 stars. 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. The history of M&A is packed with examples of acquiring companies losing their way after entering a new business. 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. Regulated natural gas and water utility convergence, however, has a successful track record. The merger is expected to close in January. Payments can be made online, over the phone, by mail, or at a branch. The transaction is subject to the fulfilment of customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2022. Utmost Group completed the acquisition of Quilter International for $665m. Daily Review is our daily roundup of M&A news. Apollo co-president Jim Zelter added: 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. Aqua Finance is a provider of infrastructure services in Australia and new Zealand and Goldman Sachs are serving as advisors... Gas and water Utility convergence, however, has a successful track.... Water sector overall I called Aqua Finance and was advised that although were...: Aqua Finance is a provider of infrastructure services in Australia and Zealand. 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