Antin Infrastructure Partners has announced that it 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 is being made by Antin’s Flagship Fund V.
Founded in 2005 and headquartered in Conroe, Texas, Sapphire provides critical, low carbon energy solutions to utility, commercial & industrial (C&I) and renewable natural gas (RNG) customers. The company owns and operates specialized infrastructure to compress, liquify, transport and store CNG and LNG for end users. It currently operates in 30 US states, serving more than 120 customers.
Sapphire benefits from significant tailwinds within the U.S. energy sector as C&I and data center load growth outpace existing infrastructure capacity and create a fundamental need for resilient, on-site energy solutions. Sapphire’s CNG and LNG solutions represent an economica
