Antin Backs Hydrogen-Equipment Supplier GTL Leasing
The infrastructure-focused firm committed about $100 million to the provider of bulk trailers and storage tanks
Antin Infrastructure Partners agreed to invest about $100 million and is taking a majority interest in hydrogen-equipment specialist GTL Leasing, betting the company will benefit as the market for the gas expands.
Livermore, Calif.-based GTL provides specially designed truck trailers, tanks and compressors to transport and store hydrogen and other industrial gases. Stephan Feilhauer, a partner with Antin’s NextGen infrastructure group, said GTL leases equipment to clients that include hydrogen producer Linde Engineering, telecommunications giants AT&T and Verizon Communications, and makers of hydrogen fuel-cell trucks.