Josh Harris’ 26North to Buy ArchKey in First Private Equity Deal

Apollo Global Management Inc. co-founder Josh Harris’ alternative asset manager 26North Partners has struck its first private equity deal.

The New York-based firm has agreed to acquire ArchKey Solutions, a provider of electrical, technological and specialty systems, it said in an emailed statement. The deal values ArchKey at more than $1 billion including debt, people with knowledge of the matter said, asking not to be identified discussing confidential information.

One Rock Capital Partners, which acquired a stake in the company in 2021, and ArchKey’s current and former management will remain invested, according to the statement. A 26North spokesperson declined ...