Eqt Announces Strategic Bolt-On Acquisition And Doubles Share Repurchase Program To $2 Billion
Acquiring Company
EQT Corporation
Acquired Company
Bolt-On
SwitzerlandOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentDescription
EQT Corporation ( NYSE: EQT) today announced that it has entered into a purchase agreement with THQ Appalachia I, LLC ("Tug Hill") and THQ-XcL Holdings I, LLC ("XcL Midstream") whereby to which EQT has agreed to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets, for total consideration of $5.2 billion. Tug Hill and XcL Midstream are backed by equity commitments from funds managed by Quantum Energy Partners. The transaction is expected to close in the fourth quarter of 2022, with an effective date of July 1, 2022. Subject to the transaction close and EQT's regular board approval process, Wil VanLoh, Founder and CEO of Quantum Energy Partners, will join EQT's board of directors.
Quick answer
EQT Corporation is acquiring Bolt-On for $2 billion, announced September 6, 2022.
- How much did EQT Corporation pay for Bolt-On?
- The reported deal value is $2 billion.
- What does EQT Corporation do?
- EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin.
- Where are EQT Corporation and Bolt-On based?
- Bolt-On is based in Switzerland.
- Who are the decision-makers at EQT Corporation?
- Fundz holds 1 contact at EQT Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Oil And Gas
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Clearlake Capital And Ta Associates Complete Acquisition Of Kofax (July 25, 2022)
- Goldman Sachs Asset Management And Cleanhill Partners Acquire Majority Stake In Epc Power Corp. (September 15, 2022)
- Bison Capital And Angeles Equity Partners Acquire Precision Surfacing Solutions (October 18, 2022)
- Seacoast Completes Acquisitions Of Apollo Bancshares, Inc. And Drummond Banking Company (October 7, 2022)
- Energycap Acquires Wattics, A Global Leader In Energy Management Analytics & Monitoring Software (August 23, 2022)
- Vinci Partners Completes Acquisition Of Sps Capital (August 16, 2022)
Who to call at EQT Corporation, and when
When EQT Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day EQT Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at EQT Corporation, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at EQT Corporation. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment EQT Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Bolt-On?
Bolt-On was acquired by EQT Corporation. The deal was reported on September 6, 2022. EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. EQT Corporation is publicly traded (EQT) and operates in Other.
When did EQT Corporation acquire Bolt-On?
EQT Corporation's acquisition of Bolt-On was reported on September 6, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bolt-On do?
BoLT Partners SA ... votre fiduciaire digitale ! : BoLT Partners, Accueil, Bienvenue It is privately held, and is based in Switzerland.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.