EQT Exits Remaining Stake in Kodiak Gas Services

Kodiak Gas Services Acquires CSI Compressco LP for $854M in All-Equity Deal

December 19, 2023

Energy

Kodiak Gas Services, Inc. agreed to acquire CSI Compressco LP in an all-equity transaction valued at approximately $854 million (including assumed net debt of $619 million), creating the largest contract compression fleet in the industry. The deal expands Kodiak’s service offerings into CSI Compressco’s treating, gas cooling and aftermarket services, is expected to be accretive to cash flow, and targets at least $20 million of annual run-rate synergies.

EQT to acquire 80% stake in Eutelsat's Ground Station Infrastructure Business

August 9, 2024

Telecommunications

EQT Infrastructure VI has entered exclusive negotiations to acquire an 80% majority stake in Eutelsat Group’s Satellite Ground Station Infrastructure Business, in a transaction that values the carved-out entity at an enterprise value of EUR 790 million. Eutelsat will retain a 20% stake and remain an anchor tenant and partner; EQT intends to invest in antenna infrastructure and pursue M&A-driven growth to build a leading independent ground station operator headquartered in France.

EQT to Acquire KJ Environment to Build Waste Treatment Platform in South Korea

August 16, 2024

Environmental Services

EQT Infrastructure VI has entered into a definitive agreement to acquire KJ Environment and affiliated companies from Genesis Private Equity to establish a scaled end-to-end waste treatment platform in South Korea focused on recyclable sorting, plastic recycling and waste-to-energy. The platform serves the Greater Seoul area and is positioned to expand capacity, automation and customer partnerships; the transaction is expected to close in Q4 2024 and is subject to customary regulatory approvals.

EQT Value-Add Infrastructure Acquires Majority Stake in SK Shieldus

March 3, 2023

Infrastructure

EQT Value-Add Infrastructure (EQT Infrastructure VI) has agreed to acquire a 68% stake in SK Shieldus from SK Square and Macquarie Asset Management's infrastructure business, with SK Square retaining a 32% minority holding. The investment marks EQT's first infrastructure investment in South Korea and aims to accelerate SK Shieldus's digitalization, expand its physical and cyber security offerings, and support fleet decarbonization and operational improvements.

EQT Corporation Acquires Tug Hill and XcL Midstream from Quantum Energy Partners

August 16, 2023

Energy

EQT Corporation has completed its acquisition of Tug Hill's upstream assets (THQ Appalachia I) and XcL Midstream's gathering and processing assets (THQ‑XcL Holdings I) from Quantum Energy Partners for a mix of cash and EQT stock (transaction consideration initially announced at ~$5.2 billion; closing consideration reported as ~$2.4 billion cash plus EQT shares). The bolt‑on deal expands EQT's footprint and midstream capabilities in Southwest Appalachia, delivering production and gathering/processing capacity expected to lower EQT's cost structure and increase cash flow.

Kodiak Building Partners Acquires Gross-Yowell

January 4, 2024

Building Products

Kodiak Building Partners has acquired Gross-Yowell, a Waco, Texas-based lumber and building materials retailer that serves professional contractors and remodelers in Central Texas. 1stWest Mergers & Acquisitions served as exclusive advisor to the owners of Gross-Yowell; company leadership (Taylor Gross) will remain in place under Kodiak's ownership.