Antin Infrastructure Partners Invests in GTL Leasing

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. This acquisition marks the sixth investment for Antin’s NextGen Fund I and its first in the hydrogen industry. GTL Leasing will enhance the fund's portfolio, which includes investments in smart grids, electric vehicle charging, and recycling.

Founded in 2013 by Michael Koonce, GTL Leasing boasts one of the largest fleets of high-pressure gaseous trailers and cylinders in North America. The company services a diverse range of industries and offers integrated maintenance and re-testing services. Demand for low-carbon hydrogen is growing, driven by zero-emission logistics and material handling markets.

Antin's investment aims to expand GTL’s platform, diversify its product offerings, and pursue new opportunities with high-profile customers. Michael Koonce will remain as CEO, leveraging his substantial industry experience. Delisa Leighton, President of GTL Leasing, emphasized that this investment will help meet the real-time infrastructure needs of customers transitioning to hydrogen-powered solutions.

Nathalie Kosciusko-Morizet and Stephan Feilhauer, NextGen Partners at Antin, noted the acquisition’s alignment with Antin’s vision of advancing sustainable energy solutions. The transaction is expected to close within the next month.