Apollo Funds and CATEC Acquire Kelley Leasing Partners to Launch Hydria
November 14, 2023
Apollo-managed funds and Composite Advanced Technologies (CATEC) have acquired Kelley Leasing Partners and launched Hydria, a high-growth compressed gas equipment manufacturing, leasing and services platform focused on CNG, RNG, helium and hydrogen. The transaction brings Kelley’s manufacturing, maintenance and leasing capabilities together with CATEC’s Type IV compressed gas technology and positions Hydria to scale across industrial gas, utility and virtual pipeline end markets in support of the energy transition.
- Buyers
- Apollo-managed funds, Composite Advanced Technologies, LLC (CATEC)
- Targets
- Kelley Leasing Partners
- Sellers
- Kelley Leasing Partners
- Platforms
- Hydria
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Addon
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