Apollo and CATEC completed the acquisition of Kelley Leasing Partners.

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.