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EQT to acquire McGill and Partners for $2 billion

PUBLIC · EQTSep 04, 20264 days ago

Acquiring Company

EQT

Acquired Company

McGill and Partners

PittsburghNew YorkOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentGaming

Description

EQT has entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for USD 2.0 billion. Founder Steve McGill will continue to lead the firm, with Chairman John Lloyd remaining actively involved. Both leaders, along with the firm's colleagues, will retain significant equity stakes post-acquisition.

Company Information

Company

EQT

Location

Liberty Avenue

Pittsburgh, Pennsylvania, United States

About

The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. In a statement, EQT said the acquisition will be made through EQT Infrastructure V fund, which held its final close at €15.7 billion ($17.8 billion) early this month. EQT said the healthcare sector is aligned with its investment approach.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired McGill and Partners?

McGill and Partners was acquired by EQT, based in Pittsburgh. The deal was reported on September 4, 2026. The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. EQT is publicly traded (EQT) and operates in Other.

When did EQT acquire McGill and Partners?

EQT's acquisition of McGill and Partners was reported on September 4, 2026. EQT has entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for USD 2.0 billion. Founder Steve McGill will continue to lead the firm, with Chairman John Lloyd remaining actively involved. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does McGill and Partners do?

We are proud to be discerning – In the clients we work for, the partners we work with and the talent who drive us forward. This allows us to be truly focused so we can create bespoke, game-changing solutions. It is privately held, operating in Gaming, and is based in New York.

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