A statement on the New York Stock Exchange confirmed the move but added “financial terms were not disclosed.”

United Living operates across three divisions – infrastructure, new homes and property services – employing more than 1,100 people across the UK.

Joanna Reiss, Partner and Co-Head of Impact at Apollo said:  “United Living is a proven provider with an exceptional reputation for quality and reliability that has a profound impact on affordable housing residents and their broader communities.

“As investment in infrastructure and social housing remains a key priority, we believe the business is well-positioned for further growth.”

Neil Armstrong, Chairman, Founder and CEO at United Living added: “With Apollo’s resources and significant experience investing across the infrastructure and social housing services markets, we are looking forward to building on our momentum and strategically expanding across our three pillars.

“We see significant opportunities to further improve access to high-quality affordable housing and critical infrastructure across the UK, and this partnership can allow us to invest in our vision to help reduce inequalities and create more sustainable cities and communities.”

It is the latest UK move by Apollo who acquired Miller Homes last year.