Kodiak Gas Services Sees Successful Public Offering by EQT
Deal News | Dec 13, 2024 | EQT
EQT, through its affiliates EQT Infrastructure III and EQT Infrastructure IV, has successfully completed a public offering of 5,500,000 shares of common stock in Kodiak Gas Services, Inc., raising gross proceeds of USD232.9 million. The transaction was underwritten by Goldman Sachs & Co. LLC and J.P. Morgan and finalized on December 13, 2024. The shares were sold by EQT, not Kodiak Gas Services itself, meaning the company did not benefit directly from the proceeds.
Sectors
- Energy
- Financial Services
Geography
- United States – The stock offering of Kodiak Gas Services, an American company, takes place on the NYSE and involves major US financial institutions.
Industry
- Energy – The article involves Kodiak Gas Services, which operates in the energy sector, providing compression services for the oil and gas industry.
- Financial Services – The article discusses a financial transaction involving a public stock offering underwritten by leading financial institutions.
Financials
- USD232,925,000 – The gross proceeds from the sale of 5,500,000 shares of Kodiak Gas Services in the public offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kodiak Gas Services, Inc. | Target Company | Company | A company that provides gas compression services and is the subject of the public stock offering. |
| EQT Infrastructure III and EQT Infrastructure IV | Selling Company | Company | An affiliate of EQT funds responsible for selling shares in the public offering. |
| Goldman Sachs & Co. LLC | Underwriter | Company | Acted as an underwriter for the public offering of Kodiak Gas Services stock. |
| J.P. Morgan | Underwriter | Company | Served as an underwriter alongside Goldman Sachs in the public offering. |