M&A Deal Summary

EQT Acquires Trans Energy

On October 25, 2016, EQT acquired energy services and equipment company Trans Energy

Acquisition Highlights
  • This is EQT’s 4th transaction in the Energy Services and Equipment sector.
  • This is EQT’s 7th transaction in the United States.
  • This is EQT’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2016-10-25
Target Trans Energy
Sector Energy Services and Equipment
Buyer(s) EQT
Deal Type Add-on Acquisition
Advisor(s) Gordian Group LLC (Financial)
Haynes and Boone
Ballard Spahr (Legal)

Target

Trans Energy

St. Marys, West Virginia, United States
Trans Energy, Inc. is an independent energy exploration and development company with its primary focus on exploitation of the Marcellus Shale.

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Buyer(S) 1

Buyer

EQT

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1878
Sector Oil/Gas Exploration
Employees881
Revenue 5.1B USD (2023)
DESCRIPTION
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.

EQT is an integrated energy company, with an emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was founded in 1878 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 7 of 12
Sector (Energy Services and Equipment) 4 of 5
Type (Add-on Acquisition) 3 of 6
State (West Virginia) 1 of 1
Country (United States) 7 of 12
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 EQT - Transmission Storage and Gathering Assets

Pittsburgh, Pennsylvania, United States

EQT Corp. - Transmission, Storage and Gathering Assets is a provider of energy services for oil and gas industry in US.

Sell $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Rice Energy

Canonsburg, Pennsylvania, United States

Rice Energy, Inc. is a family-owned and operated independent oil and gas exploration and production company with operations in Pennsylvania’s Marcellus Shale. Rice is dedicated to being the most landowner-friendly, environmentally conscious and successful exploration company in the Marcellus Shale.

Buy $6.7B
Mergr

Product

Company

Legal