Acropolis Infrastructure Acquisition Corp.
ACRO-UN
New York Stock Exchange11.01
USD
+0.09
- -
CIK
0001847891
Return %
Stock
S&P500
1Y
9.44
18.21
3Y
10.10
63.29
5Y
10.10
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Sanjay Hiralal Patel
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 9 West 57th Street New York City NY United States of America 10019
- IPO Date
- Jul 9, 2021
- CIK
- 0001847891
- Website
- acropolisinfrastructure.com
- Similar Companies
- Business
- Acropolis Infrastructure Acquisition Corp. is a special purpose acquisition company (SPAC) primarily focused on effecting a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the infrastructure, infrastructure services, and related sectors in North America. The company does not have significant standalone operations but aims to acquire businesses with strong growth potential within telecommunications, transportation, energy, and other infrastructure-related industries. Acropolis offers investors access to infrastructure sector opportunities through its blank check vehicle structure. The firm was incorporated in Delaware in 2020 under the name AP Caps III, Corp, and later renamed Acropolis Infrastructure Acquisition Corp. in February 2021. It is headquartered in New York City. The company went public through an initial public offering in July 2021, raising approximately $345 million in gross proceeds, sponsoring the IPO through an affiliate of Apollo Global Management, Inc. Its acquisition strategy leverages deal sourcing capabilities of Apollo and related investment funds. The leadership is headed by CEO Sanjay Hiralal Patel. Recent major changes include completing its IPO in 2021 under the NYSE ticker ACRO and focusing its business combination search on entities within North American infrastructure sectors. It has announced intentions to redeem public shares and not consummate an initial business combination, signaling a strategic decision regarding its merger pursuits within the last year. The company maintains readiness to pursue acquisitions either independently or jointly with Apollo or its affiliates, leveraging Apollo's infrastructure investment platform and capital base. Acropolis Infrastructure Acquisition Corp. primarily operates as a financial vehicle targeting acquisition opportunities in telecommunications infrastructure, transportation networks, energy infrastructure, and related infrastructure services, with geographic emphasis on North America. It is sponsored by Acropolis Infrastructure Acquisition Sponsor, L.P., an affiliate of Apollo Global Management, and aims to position acquired entities for growth by leveraging Apollo's industry expertise and capital resources. In summary, Acropolis Infrastructure Acquisition Corp. is a New York-based SPAC established in 2020 focused on acquiring and consolidating companies in the infrastructure and related sectors across North America. It leverages sponsorship and deal flow from Apollo Global Management, completed a $345 million IPO in 2021, and recently has taken strategic steps regarding its business combination plans amid ongoing sector and market evaluations. It provides investment exposure to infrastructure through this acquisition vehicle framework rather than direct product or service manufacturing or sales.