The Stephens Group, LLC announced that it has recently sold its interests in Kodiak Gas Services, LLC to EQT Infrastructure III fund (“EQT Infrastructure”).
Founded in 2011, Kodiak is the largest privately owned and 3rd largest contract compression company in the U.S. providing necessary compression equipment for the extraction of oil and transportation of natural gas in the United States. With over 1,130,000 revenue generating horsepower (“HP”) deployed across key basins, Kodiak has a differentiated offering, focused on exceptional customer service and technical performance. Kodiak leverages its scale, multi-decade operational experience, strong customer relationships and leading data analytics and integration to deliver best in class service and mechanical availability.
Witt Stephens, Jr. CEO of The Stephens Group commented: “The Kodiak team grew an idea in 2011 into the 3rd largest contract compression company in the United States. We have been fortunate to partner with these talented industry executives and feel confident that they will continue their record of growth and success with their new partners.”
Tim Trzebiatowski, Principal at The Stephens Group added: “The experience and relationships of the Kodiak team allowed this platform to grow much faster than its competitors. We appreciate all their hard work and wish them the best of luck in the future.”
Jefferies LLC served as exclusive financial advisor and Kirkland & Ellis LLP acted as legal counsel to The Stephens Group, LLC and Kodiak. Simpson Thacher & Bartlett LLP served as legal advisor to EQT Infrastructure.
About The Stephens Group, LLC
The Stephens Group is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Stephens family, it has a long history of providing sophisticated, strategic expertise and taking a partnership approach to help companies successfully achieve their strategic visions and build long-term value. With over $1 billion invested since 2006, The Stephens Group targets investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, technology infrastructure and tech-enabled services, B2B food and consumer products, as well as select opportunistic situations.
Contact: Ron Clark, COO and General Counsel at The Stephens Group, LLC (501) 377-2356
More info: www.stephensgroup.com
About Kodiak Gas Services, LLC
Founded in 2011, Kodiak is a market-leading provider of contract compression and related services for the oil and gas industry in North America. Servicing the producers in both the upstream and midstream segments of the value chain, Kodiak provides 24/7 access to technical and mechanical support backed by a 98% mechanical availability guarantee. With over 285 employees, Kodiak provides services in the Permian, Eagle Ford, Scoop/Stack and other basins of the United States with its headquarters located in Houston, Texas.
More info: www.kodiakgas.com
EQT is a leading investment firm founded in 1994, with more than EUR 50 billion in raised capital across 28 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtpartners.com