Cleary Gottlieb represented Johnson Controls (JCI) in the formation of a joint venture with funds managed by affiliates of Apollo Global Management (Apollo) to provide sustainability and energy efficiency services for commercial buildings.
The strategic partnership, which was announced on August 12, 2021, is intended to provide customers across the United States and Canada with performance-based energy efficiency and smart buildings services at no upfront costs and with predictable monthly fees.
JCI is the global leader for smart, healthy, and sustainable buildings.
Apollo is a leading global alternative asset manager with approximately $472 billion assets under management.
For more information, please see the press release here.