Apollo Funds Acquire Freedom CNG, a Leading Provider of Renewable Natural Gas Fueling Infrastructure
Apollo-managed funds have acquired a majority stake in Freedom CNG, a leading provider of compressed natural gas (CNG) and renewable natural gas (RNG) fueling infrastructure in Texas. Freedom operates a network of high-capacity fueling stations in the Houston Metro area, serving various customers including logistics companies, municipalities, and school districts.
The acquisition aims to expand Freedom's platform through organic and inorganic growth initiatives. Apollo sees significant investment potential in this market due to existing tailwinds. The partnership is expected to help Freedom meet the growing demand for economically attractive and environmentally sensitive low-carbon alternative fuels.