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

EQT Acquires Kodiak Gas Services from The Stephens Group

February 11, 2019

Energy

EQT Infrastructure (EQT) has acquired Kodiak Gas Services, LLC, a Houston-based contract compression services provider, from The Stephens Group. EQT will support Kodiak's continued growth, technology strengthening and operational improvements as the company expands with existing and new customers across U.S. oil and gas basins.

Spartan Energy Partners Acquires Controlling Interest in CSI Compressco LP from TETRA Technologies

January 29, 2021

Energy

Spartan Energy Partners is acquiring the general partner, incentive distribution rights and a majority of common units of CSI Compressco LP from TETRA Technologies. The transaction gives Spartan control of CSI Compressco while TETRA retains a minority stake; Spartan said the deal will support growth, deliver liquidity and strengthen CSI Compressco's market position in compression services for the oil and gas industry.

EQT Exits Remaining Stake in Kodiak Gas Services

December 11, 2025

Oil & Gas

EQT Infrastructure III and IV have fully exited their investment in Kodiak Gas Services (NYSE: KGS), following Kodiak's 2023 IPO and a 30-month series of sell-downs. Kodiak, headquartered in Houston, Texas, is a leading provider of natural gas contract compression services in North America; under EQT's ownership the business grew revenue and EBITDA more than 8x and expanded headcount to just over 1,300 employees.

Kodiak Gas Services (EQT) Acquires Pegasus Optimization Managers from Apollo

September 25, 2019

Oil & Gas

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.

Kodiak Acquires Crown Carbon Reduction Technologies and US Chemical

October 31, 2025

Manufacturing

Cincinnati-based specialty chemical company Kodiak has acquired Crown Carbon Reduction Technologies and US Chemical to expand its manufacturing footprint, product portfolio and presence in the energy and mining end markets. The deals add new product lines (dust control, freeze conditioning, water treatment chemicals and fuel catalysts), nine manufacturing locations (bringing Kodiak to nine production sites) and additional employees to accelerate cross-selling and service capabilities.

Lion Equity Partners Acquires Global Compression Services from Warren Equipment Company

December 31, 2024

Energy

Lion Equity Partners, a Denver-based private equity firm, has acquired Global Compression Services (GCS) from Warren Equipment Company. GCS, headquartered in Midland, Texas, is a global distributor and manufacturer of OEM and aftermarket parts for reciprocating natural gas engines and compressors; Lion Equity said the acquisition will support growth, capability expansion, and operational improvements in the natural gas compression aftermarket.