Apollo Said to Near Deal to Buy Cooling Equipment Maker Kelvion

Apollo Global Management Inc. is close to acquiring cooling equipment maker Kelvion from buyout firm Triton, according to people familiar with the matter.

The investment firms are working on finalizing details of a transaction, which could be announced as soon as in the coming days, the people said. Apollo became the likeliest buyer after beating out other suitors in the process, said the people, who asked not to be identified as the information is private.

While discussions are advanced, they could still be delayed or even fall apart, the people said. Representatives for Apollo and Triton declined to comment. ...