TerraNova Capital Served as Exclusive Advisor and Sole Placement Agent for Composite Advanced Technologies, Inc (CATEC) and Apollo Managed Funds

Investment Banking
John Steinmetz

W. Todd Coffin

Apollo Global Management, Inc.

Composite Advanced Technologies, Inc.

August 2023

Transaction Information

TerraNova Capital Equities, Inc. served as the Exclusive Advisor and Sole Placement Agent for the sale of a majority interest in Composite Advanced Technologies, Inc (CATEC), a leading provider of compressed natural gas (“CNG”), renewable natural gas (“RNG”) and hydrogen transportation and storage solutions in the United States. 

Apollo Global Management (NYSE: APO) announced its acquisition of a majority stake in Composite Advanced Technologies (CATEC), a leading provider of clean energy transportation and storage solutions. This move will empower CATEC to expand its footprint and support the global shift towards more sustainable energy sources.

CATEC specializes in compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen storage, offering products and services that help customers reduce their reliance on carbon-intensive fossil fuels. Founded in 2014, the company manufactures high-capacity, lightweight trailers and storage solutions, making lower-carbon energy sources more accessible and cost-effective.

“CATEC’s innovative solutions hold immense potential for supporting the energy transition, especially in sectors where decarbonization is challenging,” said Apollo Partner Scott Browning. “We are committed to investing in the company’s growth and expanding its capabilities to serve the evolving needs of the compressed gas value chain.”

Alberto Chiesara, Co-Founder and President of CATEC, sees this partnership as a catalyst for growth: “Apollo’s expertise and resources will be invaluable as we scale our operations and accelerate the adoption of low-carbon fuels like hydrogen, RNG, and CNG.”

This acquisition aligns with Apollo’s ongoing commitment to sustainability. They aim to deploy $50 billion in clean energy and climate investments by 2027, demonstrating their dedication to building a more sustainable future.

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TerraNova Capital Equities, Inc. acted as the Exclusive Advisor and Sole Placement Agent for the offering.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. As of June 30, 2023, Apollo had approximately $617 billion of assets under management. To learn more, please visit www.apollo.com.


CATEC is a leading provider of Type IV compressed gas transportation and storage solutions in the United States. CATEC’s products and services help its customers to transition away from carbon-intensive fossil fuels towards cleaner solutions such as Compressed Natural Gas (CNG), Renewable Natural Gas (RNG) and Hydrogen. Learn more at www.catecgases.com.

About TerraNova Capital Equities

TerraNova Capital Equities, Inc. (member FINRA/SIPC) is the investment banking arm of TerraNova Capital, a 20-year-old financial advisory firm focused on the small-to-middle market.  TerraNova Capital is comprised of two companies; TerraNova Capital Equities, Inc. which provides financial and capital solutions to its clients, and TerraNova Capital Partners, Inc. which focuses on merger and acquisition (M&A) advice and merchant banking. For more information on TerraNova please visit www.terracap.com.