Apollo completed the acquisition of a majority stake in Composite Advanced Technologies.

Apollo, an asset manager, completed the acquisition of a majority stake in Composite Advanced Technologies, a provider of compressed natural gas, renewable natural gas and hydrogen transportation and storage solutions. Financial terms were not disclosed. “We are pleased to join forces with Apollo Funds to help expand our capabilities and better support the growing adoption of low-carbon fuel solutions such as hydrogen, RNG and CNG. Apollo’s track record in energy transition investing, industry experience and significant resources make them an ideal partner for CATEC as we scale and embark on our next phase of growth," Alberto Chiesara, CATEC Co-Founder and President.