Apollo Global, CATEC launch Hydria through acquisition of Kelley Leasing

Apollo and Composite Advanced Technologies, CATEC, 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 industrial gas, utility and virtual pipeline end markets. 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. Apollo Funds are the majority owner of Hydria.