M&A Deal Summary |
|
|---|---|
| Date | 2023-08-16 |
| Target | Tug Hill |
| Sector | Oil/Gas Exploration |
| Buyer(s) | EQT |
| Sellers(s) | Quantum Energy Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1878 |
| Sector | Oil/Gas Exploration |
| Employees | 881 |
| Revenue | 5.1B USD (2023) |
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 | 11 of 12 |
| Sector (Oil/Gas Exploration) | 5 of 6 |
| Type (Add-on Acquisition) | 6 of 6 |
| State (Texas) | 2 of 2 |
| Country (United States) | 11 of 12 |
| Year (2023) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-16 |
XcL Mistream
Canonsburg, Pennsylvania, United States XcL Midstream is a growth- oriented natural gas midstream company formed to operate, develop, and acquire midstream assets in Southwest Appalachia, the most prolific gas region in North America. XcL currently owns and operates an extensive midstream system with delivery and interconnect points with up to 8 interstate pipelines and 2 processing and fractionation facilities, thereby providing shippers with access to over 90% of announced new takeaway projects and every major Southwest Appalachia index. XcL Mistream is based in Canonsburg, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-11 |
Equitrans Midstream
Canonsburg, Pennsylvania, United States Equitrans Midstream is a natural gas midstream operator in the Marcellus & Utica shale. Equitrans Midstream was founded in 2018 and is based in Canonsburg, Pennsylvania. |
Buy | $35.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 17.0B USD |
| Size | Mega |
| Type | Sector Focused |
Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 26 |
| Sector (Oil/Gas Exploration) | 16 of 17 |
| Type (Add-on Acquisition) | 15 of 17 |
| State (Texas) | 11 of 14 |
| Country (United States) | 20 of 23 |
| Year (2023) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-16 |
XcL Mistream
Canonsburg, Pennsylvania, United States XcL Midstream is a growth- oriented natural gas midstream company formed to operate, develop, and acquire midstream assets in Southwest Appalachia, the most prolific gas region in North America. XcL currently owns and operates an extensive midstream system with delivery and interconnect points with up to 8 interstate pipelines and 2 processing and fractionation facilities, thereby providing shippers with access to over 90% of announced new takeaway projects and every major Southwest Appalachia index. XcL Mistream is based in Canonsburg, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-09 |
ConnectGen
Houston, Texas, United States ConnectGen is focused on developing renewable energy and energy storage projects to bring clean power to markets across North America. ConnectGen was formed in 2018 and is based in Houston, Texas. |
Sell | $768M |
