Antin Acquires Sapphire Gas Solutions from Apollo Funds

Antin Infrastructure Partners has acquired Sapphire Gas Solutions, a vertically integrated provider of compressed natural gas (CNG) and liquefied natural gas (LNG) solutions, from funds managed by affiliates of Apollo. The acquisition, made by Antin’s Flagship Fund V, positions Sapphire to capitalize on growing energy demand in the US, particularly from utility, commercial & industrial (C&I), and renewable natural gas (RNG) customers. Sapphire operates in 30 US states, serving over 120 customers with specialized infrastructure for compressing, liquefying, transporting, and storing CNG and LNG. The deal underscores Antin’s strategy to invest in resilient, low-carbon energy infrastructure, while Apollo exits its investment after supporting Sapphire’s operational and financial growth.

Counterparts (7)

Seller

Apollo Funds

company

Apollo Funds is a global alternative investment manager with a focus on infrastructure investments. They invest across various sectors including energy transition, digital infrastructure, and transportation.

target

Sapphire Gas Solutions

company

Houston-based natural gas solutions provider specializing in LNG, CNG, and RNG infrastructure with nationwide virtual pipeline operations and pipeline integrity management services.

Sell-Side Legal

Vinson & Elkins LLP

company

Houston-based global law firm with deep expertise in energy and infrastructure sectors, advising on complex transactions across oil & gas, renewables, power, and transportation. Provides legal counsel to clients in North America, Europe, the Middle East, and Asia Pacific with a focus on project finance, M&A, and regulatory matters.

Buyer

A

Antin Infrastructure Partners

company · 1 deals

Antin Infrastructure Partners is an infrastructure investment firm focused on investments in the energy and environment, telecom, transport and social infrastructure sectors. They target investments in developed markets.

Buy-Side Advisor

TD Securities

company

TD Securities provides a wide range of capital markets products and services to corporate, government and institutional clients. They offer advisory services, financing, and risk management solutions across various sectors.

Sell-Side Advisor

RBC Capital Markets

company

RBC Capital Markets, the investment banking arm of Royal Bank of Canada, is a global financial institution with significant advisory and capital markets capabilities, particularly strong in North America. It consistently ranks among top global advisors for infrastructure, energy, and power M&A and financings, facilitating billions in annual deal volume.

Buy-Side Legal

Kirkland & Ellis LLP

company

Global law firm providing legal counsel across corporate, litigation, and transactional matters. Headquartered in Chicago with offices in major financial and infrastructure markets worldwide.