Apollo snaps up Freedom CNG to drive clean fuel push

In New York, Apollo Funds acquired a majority stake in Texas-based Freedom CNG, a leading provider of renewable natural gas and compressed natural gas fueling infrastructure. This acquisition aligns with Apollo’s strategy to accelerate the transition to low-carbon energy, focusing on RNG as a practical, sustainable alternative for the transportation sector, which accounts for over 25% of U.S. energy consumption.

Founded in 2012, Freedom operates a growing network of high-capacity fueling stations across the Houston Metro area. These stations supply RNG to major logistics, transportation companies, municipalities, and school districts, helping them meet decarbonization goals while reducing fuel costs.

Apollo Partner Scott Browning highlighted the strong growth potential of Freedom’s platform, noting the company’s established relationships with blue-chip customers and future development opportunities. Bill Winters and Ronny Cuenod, Freedom’s Managing Partners, expressed enthusiasm for the partnership, citing Apollo’s resources and expertise as key to scaling the business to meet rising demand for low-emission, affordable fuel.

With over $40 billion committed to sustainability-related investments, Apollo views this acquisition as part of its broader effort to drive significant progress in clean energy infrastructure, helping expand RNG adoption in the U.S. transportation market.