ABC Technologies Holdings Inc. announced the closing of the previously announced transaction involving the sale of a majority stake in the Company by ABC Group Canada LP (“ABC LP”), an affiliate of funds managed by Cerberus Capital Management, L.P. (“Cerberus”) to certain investment funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management Inc. pursuant to a share purchase agreement dated April 12, 2021 among the Company, ABC LP and the Apollo Funds. The company appointed James Voss (Chairman of the Board, Independent Director), former President and CEO of VECTRA, Michael Reiss, Partner, Apollo, Jonathan Williams, Principal, Apollo, Brooke Sorensen, Head of Private Markets Product, Institutional Client & Product Solutions, Apollo, Barry Engle (Independent Director), CEO, Qell Acquisition Corp. (former EVP and President of GM - The Americas). In connection with the closing of the transaction, Daniel Ajamian, Mary Anne Bueschkens, Derrick Phelps, Michael Rajkovic, and Phil Tighe have stepped down from the Board.