Apollo, Kelley and CATEC Join Forces to form Gaseous Logistics Firm

Apollo and Composite Advanced Technologies (CATEC), a leading provider of CNG, RNG, and hydrogen transportation in the US, announced that CATEC, an affiliate of Apollo-managed Funds has acquired Kelley Leasing Partners, a compressed gas and cryogenic liquid transportation equipment leasing company serving hydrogen, helium and CNG customers across the industrial gas market. In connection with the acquisition, Apollo Funds and CATEC have launched Hydria, a high-growth compressed gas platform providing equipment and services supporting the CNG, RNG, helium and hydrogen value chain with over-the-road transport, storage and leasing capabilities. There have been several consolidation deals in the midstream helium space in the last year.

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