Antin Infrastructure Partners Acquires Majority Stake in GTL Leasing, Leading Hydrogen Equipment Lessors in North America
Key Ideas
  • Antin Infrastructure Partners has agreed to acquire a majority stake in GTL Leasing, a prominent lessor of gaseous hydrogen transportation and storage equipment in North America.
  • The investment marks NextGen Fund I's sixth investment and the first in the rapidly expanding hydrogen industry, showcasing a commitment to advancing sustainable energy solutions.
  • GTL Leasing, under Antin's partnership, plans to expand its offerings to include cryogenic hydrogen transport and storage, fuel cell electric vehicle solutions, and fuel cell generators.
  • The acquisition aligns with Antin's vision of driving the 'grey to green' transition in logistics, highlighting the importance of sustainable energy solutions in today's infrastructure developments.
Antin Infrastructure Partners has announced the acquisition of a majority stake in GTL Leasing, a key player in gaseous hydrogen transportation and storage equipment leasing in North America. This marks the sixth investment for Antin's NextGen Fund I and the fund's first foray into the burgeoning hydrogen industry. GTL Leasing, known for its technology-agnostic approach, boasts one of the largest fleets of high-pressure gaseous trailers and cylinders in North America, primarily used for hydrogen and industrial gas transport and storage. GTL Leasing's strategic positioning within the North American hydrogen market, amidst increasing demand for low-carbon hydrogen in emission-free logistics and material handling, has attracted Antin's investment. The partnership aims to enhance GTL's platform, expand its product range, and capitalize on a growing clientele of reputable companies in various sectors. Under the leadership of CEO Michael Koonce, GTL Leasing plans to leverage Antin's expertise to diversify its services, including cryogenic hydrogen transport, fuel cell electric vehicle infrastructure, and fuel cell generators. This move aligns with Antin's commitment to sustainable energy solutions and the transition towards greener logistics practices. The investment is expected to facilitate GTL Leasing in meeting the evolving infrastructure needs of customers, particularly transit agencies transitioning to hydrogen-powered vehicles. GTL's expansion plans, supported by Antin's capital injection, underscore a shared vision of driving sustainable energy solutions and promoting eco-friendly practices in infrastructure development. Overall, the acquisition signifies a positive step towards advancing hydrogen-related technologies and infrastructure, demonstrating a strong commitment to environmental sustainability and innovation in the energy sector.
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