Apollo-Managed Funds Acquire Majority Stake in Freedom CNG

Apollo Takes Majority Stake in Noble Environmental

May 13, 2026

Infrastructure

Apollo announced its managed funds acquired a majority interest in Noble Environmental, a vertically integrated waste management company serving the Northeast, Mid-Atlantic, and Midwest United States. The investment is intended to support a platform spanning solid waste collection, hauling, transfer, disposal, and a growing renewable natural gas business that converts landfill gas into pipeline-quality fuel.

CD&R Sells Minority Stake in Motor Fuel Group to Apollo-led Investor Group

August 4, 2025

Transportation

CD&R has announced the sale of a minority stake in Motor Fuel Group (MFG) to a group of institutional investors led by Apollo-managed funds, with CD&R retaining majority control. The transaction raises approximately £500 million of structured equity via a newly created SPV and is expected to deliver liquidity to CD&R-managed investors while supporting MFG’s continued growth, including its EV charging expansion.

Freedom CNG Acquires X3 CNG and Lancer Energy

May 25, 2025

Renewable Energy

Houston-based Freedom CNG has acquired Colorado operator X3 CNG and Utah-based Lancer Energy to expand its compressed renewable natural gas (C/RNG) and multi-fuel fueling footprint across the Western United States. The deals add X3 CNG's public-access CNG network (including major sites in Colorado Springs and Greeley) and Lancer Energy's expertise in building and maintaining CNG, RNG, EV and hydrogen fueling infrastructure.

Apollo Funds Acquire Majority Stake in Bold Production Services

February 12, 2025

Energy

Funds managed by Apollo affiliates have acquired a majority interest in Bold Production Services, a Houston-based provider of contracted natural gas treatment solutions. The investment will support Bold's growth and expansion of its fleet and services to meet rising U.S. natural gas demand across Permian and Eagle Ford basins.

Apollo Funds Acquire Majority Stake in Composite Advanced Technologies (CATEC)

August 22, 2023

Energy

Apollo-managed funds have acquired a majority interest in Composite Advanced Technologies, Inc. (CATEC), a Houston-based manufacturer of Type IV compressed gas transportation and storage solutions for CNG, RNG and hydrogen. Apollo plans to invest additional capital to scale CATEC into a leading gaseous equipment manufacturing and services platform supporting the hydrogen and low-carbon fuel markets.

Chevron Acquires Equity Interest in American Natural Gas LLC (Beyond6) from Mercuria

October 1, 2021

Energy

Chevron U.S.A. Inc. closed its previously announced acquisition of an equity interest in American Natural Gas LLC (operator of the Beyond6 CNG fueling network), acquiring a network of about 60 compressed natural gas stations across the United States from Mercuria Energy Trading. The deal expands Chevron's alternative-fuels footprint and supports its strategy to grow lower-carbon and renewable natural gas distribution capabilities.