EQT-backed Kodiak Gas Services to acquire Pegasus Optimization Managers.

EQT Infrastructure portfolio company Kodiak Gas Services agreed to acquire Pegasus Optimization Managers, a natural gas compression services provider, from affiliates of Apollo Global Management. Financial terms were not disclosed. "The combination of Pegasus and Kodiak is truly transformational, as it will create a differentiated, large-scale leading contract compression company in the US. Similar to Kodiak, Pegasus' differentiated service offering, strong commitment to customers and critical infrastructure make the Company and combination unique in the industry, embodying EQT Infrastructure's approach of targeting high-quality businesses with transformation potential and strong culture. We are excited to support the combined business in its visionary growth plans and look forward to continuing our partnership with such an experienced and talented group of people." Alex Darden, EQT Partners Partner, EQT Infrastructure Investment Advisor.