Apollo Global Management has acquired a majority stake in Composite Advanced Technologies, Inc., a leading provider of clean energy transportation and storage solutions, to enhance its growth and support the transition to sustainable energy.

Information on the Target

Composite Advanced Technologies, Inc. (CATEC) is a prominent provider in the field of clean energy, specializing in compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen transportation and storage solutions across the United States. Founded in 2014, CATEC has established itself as a leader in manufacturing high-capacity, lightweight trailers and storage solutions that facilitate the transition to lower-carbon energy sources. The company offers a range of products and services designed to help customers minimize their dependence on fossil fuels, significantly contributing to the global energy transition.

CATEC’s innovative technologies aim to provide more efficient and cost-effective options for energy storage and transport, addressing the rising demand for clean fuels. The company’s commitment to sustainability is reflected in its solutions that cater to various sectors, particularly where decarbonization poses significant challenges.

Industry Overview in the United States

The clean energy sector in the United States has seen remarkable growth in recent years, driven by increasing awareness of climate change and the need for sustainable solutions. With the government and private sectors investing heavily in rene