Kodiak Gas Services Completes Stock Repurchase from EQT
Deal News | Aug 12, 2025 | EQT
EQT has announced the sale of approximately 1.5 million shares of Kodiak Gas Services, Inc. by its affiliate, Frontier TopCo Partnership, L.P. The shares were repurchased by Kodiak Gas Services as part of their existing share repurchase program. This transaction culminated in an aggregate gross proceed of around USD 50 million for EQT. Although EQT has divested this block of shares, they continue to hold a substantial position with approximately 29.8 million shares of Kodiak Gas Services remaining in their portfolio. The transaction was finalized on August 11, 2025.
Sectors
- Private Equity
- Energy
Geography
- United States – Kodiak Gas Services is listed on the New York Stock Exchange, indicating a base of operations in the United States. The transaction also took place there.
Industry
- Private Equity – EQT is a private equity firm involved in the divestiture of shares of Kodiak Gas Services.
- Energy – Kodiak Gas Services operates within the energy industry, specifically in gas services, relevant to the share transaction discussed.
Financials
- USD 50 million – Aggregate gross proceeds from the sale of 1.5 million shares of Kodiak Gas Services.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kodiak Gas Services, Inc. | Target | Company | Kodiak Gas Services, Inc. is the company involved in the share repurchase transaction. |
| EQT | Selling Stockholder | Company | EQT is the private equity firm that sold shares of Kodiak Gas Services. |
| Frontier TopCo Partnership, L.P. | Vendor | Company | Affiliate of EQT responsible for the sale of Kodiak Gas Services shares. |