Kodiak Gas Services Completes Stock Sale with EQT

Deal News | May 14, 2025 | EQT

EQT Infrastructure III and IV, affiliates under the EQT umbrella, announced the completion of a substantial sale involving 3.2 million shares of common stock from Kodiak Gas Services, a company listed on the NYSE under the ticker KGS. This transaction, which took place on May 12, 2025, yielded gross proceeds of approximately USD116 million and was executed in compliance with Rule 144 of the Securities Act of 1933. J.P. Morgan Securities LLC facilitated this transaction. In addition to the share sale, Kodiak Gas Services concurrently repurchased around 278,000 shares from EQT in a private transaction valued at approximately USD10 million. Post these transactions, EQT retains ownership of approximately 31.3 million shares of Kodiak Gas Services' common stock.

Sectors

  • Private Equity
  • Energy Infrastructure

Geography

  • United States – The transaction occurred in the United States, and the involved company, Kodiak Gas Services, is listed on the NYSE.

Industry

  • Private Equity – This industry involves investment firms like EQT making strategic sales and purchases of company shares to maximize returns.
  • Energy Infrastructure – Kodiak Gas Services operates within the energy infrastructure sector, providing essential services for the maintenance of natural gas compression facilities.

Financials

  • USD116 million – Gross proceeds from the sale of 3.2 million shares of Kodiak Gas Services stock by EQT.
  • USD10 million – Proceeds from Kodiak Gas Services' repurchase of 278,000 shares from EQT.

Participants

NameRoleTypeDescription
EQTSellerCompanyA global investment organization known for its private equity and infrastructure funds.
Kodiak Gas Services, Inc.Target CompanyCompanyA provider of contract compression services to the oil and gas industry, listed on the NYSE.
J.P. Morgan Securities LLCBrokerCompanyA major global financial services firm that facilitated the stock sale.