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New Deal


Announced

Completed

Apollo and CATEC completed the acquisition of Kelley Leasing Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

Equipment Rental

Majority

Private Equity

Completed

United States

equipment leasing

Acquisition

Domestic

Private

Synopsis

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Apollo, a provider of alternative asset management, and Composite Advanced Technologies, a provider of compressed natural gas, completed the acquisition of Kelley Leasing Partners, a compressed gas and cryogenic liquid transportation equipment leasing company. Financial terms were not disclosed. “The launch of Hydria marks an exciting milestone as the CATEC, Kelley and Apollo teams join forces to spearhead a new platform with significant growth potential in the gaseous logistics industry. Leveraging our collective expertise, we believe Hydria can become a differentiated service provider supporting the end-to-end equipment needs of the compressed gas value chain. We look forward to pursuing various expansion initiatives in support of the energy transition and believe Hydria has a bright future ahead," Scott Prince, Hydria CEO.

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