Kodiak: EQT Completes Sale of Kodiak Gas Services Shares for USD 177 Million
Deal News | Feb 03, 2025 | EQT
EQT, a major private equity firm, has successfully completed the sale of approximately 3.7 million shares of common stock in Kodiak Gas Services, Inc., generating gross proceeds of approximately USD 177 million. The transaction was executed under Rule 144 of the Securities Act of 1933 on January 30, 2025. Goldman Sachs & Co. LLC facilitated the sale as the designated broker, enabling EQT Infrastructure III and IV to divest their holdings in Kodiak Gas Services as part of their portfolio management strategy.
Sectors
- Private Equity
- Energy
- Financial Services
Geography
- United States – The sale pertained to shares of Kodiak Gas Services, a company listed on the NYSE, involving US financial markets.
Industry
- Private Equity – EQT is involved in private equity, specializing in infrastructure investments, as seen in their sale of Kodiak Gas Services shares.
- Energy – Kodiak Gas Services operates in the energy sector, providing midstream services for the oil and gas industry.
- Financial Services – Goldman Sachs, acting as the broker, represents the financial services sector.
Financials
- USD 177 million – Gross proceeds from the sale of approximately 3.7 million shares of Kodiak Gas Services.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQT Infrastructure III and IV | Seller | Company | Affiliate funds of EQT involved in infrastructure investments, which sold shares in Kodiak Gas Services. |
| Kodiak Gas Services, Inc. | Target Company | Company | An energy company providing infrastructure services within the oil and gas sector. |
| Goldman Sachs & Co. LLC | Broker | Company | Facilitated the sale of Kodiak Gas Services shares on behalf of EQT. |