Acquisition of a vertically integrated energy solutions provider represents the eighth investment by Fund V
NEW YORK & PARIS & LONDON, April 02, 2026–(BUSINESS WIRE)–Regulatory News:
Antin Infrastructure Partners (Paris:ANTIN) announced today that it has acquired Sapphire Gas Solutions (Sapphire), a vertically integrated provider of compressed natural gas (CNG) and liquified natural gas (LNG) solutions, from funds managed by affiliates of Apollo (the Apollo Funds). 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 over 120 customers.
Sapphire benefits from significant tailwinds within the US 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 economically attractive alternative and allow customers to reduce carbon emissions, especially when supplied as RNG. With Antin’s support, Sapphire is well positioned to capitalize on these favorable energy reliability and sustainability trends.
Founder and CEO Sam Thigpen will continue to lead Sapphire’s management team, which brings deep sector expertise and a proven track record of delivering unique technical solutions for its customers, complementing Antin’s expertise in investing in and growing infrastructure businesses.
The transaction represents the eighth investment by Antin’s €10.2 billion Flagship Fund V, a value-add fund that grows established infrastructure companies across Europe and North America in the energy and environment, digital, transport and social sectors.
Ryan Shockley and David Vence, respectively Senior Partner and Partner at Antin, commented: “We are delighted to be partnering with Sapphire to support the company’s next growth phase. Energy demand in the US is exceeding existing infrastructure capacity, making certainty of supply of integrated, low carbon natural gas solutions critical. Sapphire is ideally positioned to benefit from the long-term tailwinds driving the US energy sector, and we are greatly looking forward to working closely with Sam and his leadership team to seize the many growth opportunities ahead.”
