Kodiak Gas Services (EQT) Acquires Pegasus Optimization Managers from Apollo
September 25, 2019
EQT Infrastructure portfolio company Kodiak Gas Services has signed a definitive agreement to acquire Pegasus Optimization Managers from affiliates of Apollo Natural Resource Partners II. The deal combines two fast-growing contract compression businesses — creating a leading U.S. contract compression platform with more than 2,500,000 revenue-generating horsepower; the transaction is expected to close in Q4 2019 and financial terms were not disclosed.
- Buyers
- Kodiak Gas Services, EQT Infrastructure (EQT Partners)
- Targets
- Pegasus Optimization Managers
- Sellers
- Affiliates of Apollo Natural Resource Partners II, L.P. (Apollo Global Management)
- Platforms
- Kodiak Gas Services
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Addon
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