Antin agrees to invest in GTL Leasing
Transactions - JUNE 21, 2024

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Antin agrees to invest in GTL Leasing

by Released

Antin Infrastructure Partners has agreed to acquire a majority stake in GTL Leasing, the leading lessor of gaseous hydrogen transportation and storage equipment in North America. GTL represents the sixth investment for NextGen Fund I, its second in North America and first in the hydrogen industry.

GTL adds another next generation infrastructure theme to the fund, which has investments in smart grids (SNRG and PearlX), EV charging (Powerdot and RAW Charging) and recycling (joint venture with Enviro Systems and Michelin).

Founded by Michael Koonce in 2013, GTL is a technology-agnostic equipment lessor used mainly to transport and store hydrogen and other industrial gases. GTL leases equipment to leading utility, mobility, transportation, energy and industrial companies.

GTL benefits from significant tailwinds within the North American hydrogen market, especially the sharply increasing demand for low-carbon H2 in the zero-emission logistics and material handling en

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