Presidio Petroleum to Go Public Through Business Combination with EQV Ventures
Presidio Petroleum, a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States, and EQV Ventures Acquisition Corp. (NYSE: EQV), a special purpose acquisition company sponsored by EQV Group, an experienced acquirer and producer of oil and gas, have entered into a definitive business combination agreement. The proposed business combination will result in Presidio becoming a publicly listed company with an expected listing on the New York Stock Exchange under the ticker “FTW,” reflecting Presidio’s roots in Fort Worth, Texas, where it is headquartered. The combined company is expected to have an estimated post-transaction enterprise value of approximately $660 million, including assets acquired pursuant to the transaction.