Antin acquires majority stake in GTL

(CercleFinance.com) - Antin Infrastructure Partners announced on Thursday that it had acquired a majority stake in GTL Leasing, a US group specializing in the leasing of hydrogen transport and storage equipment.


In a press release, Antin states that this is the sixth investment made as part of the strategy of its investment fund NextGen Fund I, the second concluded in North America and the first in the fast-growing hydrogen sector.

For the record, this fund had already invested in smart power grids (SNRG and PearlX), electric vehicle charging (Powerdot and RAW Charging) and recycling via a joint venture with Enviro Systems and Michelin).

Founded by Michael Koonce in 2013, GTL rents equipment to utility and transportation groups, energy companies and industrial energy companies from sites in California and Oklahoma.

Financial terms of the transaction were not disclosed.

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