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Apollo Funds and CATEC Launch Hydria Through Acquisition of Kelley Leasing Partners

Vinson & Elkins advised Composite Advanced Technologies, LLC (“CATEC”), a portfolio company of Apollo-managed funds (the “Apollo Funds”), in its acquisition of 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.

The Vinson & Elkins team was led by Dan Komarek, Abby Branigan and Tara Tegeleci, with key assistance from Jason McIntosh and Omri Ambalo.

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