EQV News & Events

Presidio Investment Holdings and EQV Ventures Acquisition Corp. announced that Presidio has entered into a letter of intent to acquire certain producing assets in the Arkoma Basin from companies controlled by Vortus Investments for $80M, subject to customary due diligence, definitive documentation, and closing conditions. Presidio intends to fund a portion of the Acquisition with cash on hand, funds from its recently announced Goldman Sachs ABS Warehouse Facility, and approximately $20M of Presidio equity provided to the Seller. Presidio anticipates negotiation of definitive documentation, signing and closing could occur within the second quarter of 2026. Presidio believes it will be able to increase its anticipated annual dividend from $1.35 to $1.50 after closing this transaction, subject to approval by the Board of Directors of the post-business combination company. As Presidio prepares to complete its previously announced business combination with EQV, this Acquisition marks the activation of its acquisition strategy as a public company. Presidio's value proposition as a public company lies in its ability to create ambitious returns from acquiring and operating oil and gas properties. The Company expects to generate returns in excess of 20%, which will be protected through hedging at signing and exceed the Company's base underwriting case for acquisitions. Further, the Company's entrance into an adjacent basin marks an expansion of its footprint which it will use for future consolidation, consistent with its proven land-and-expand approach. In addition, Presidio and Alchemist Energy, another Vortus portfolio company focused on the drilling and development of new wells, are jointly partnering on opportunities which contain both producing assets and undeveloped drilling potential. Under this approach, Presidio would acquire the PDP component consistent with its business model, while Alchemist would partner to develop the undeveloped upside, allowing each company to focus on what it does best while expanding the range of opportunities both can pursue together.

Presidio Investment Holdings and EQV Ventures Acquisition announced that Presidio has mandated an affiliate of Goldman Sachs to arrange up to $1B in potential acquisition financing for Presidio following the completion of its business combination. Goldman Sachs Bank USA with one or more of its affiliates is expected to serve as sole lead arranger, structuring agent and syndication agent in up to $1B n of potential acquisition financing. The parties have reached commercial agreement on certain high-level terms for the Facility. The closing of the Facility remains subject to the negotiation and execution of terms and definitive transaction agreements, future acquisitions of producing properties, and is subject to acquisition diligence and funding and other relevant approvals, and customary closing conditions. The Facility is expected to provide Presidio with significant capital flexibility to pursue acquisitions of producing oil and gas assets. The Facility is designed to support the aggregation of assets prior to issuing long-term investment grade asset-backed securities, which may be used to repay such Facility. Presidio intends to deploy the Facility to drive dividend growth and long-term shareholder returns by acquiring producing, cash-flowing assets and harvesting meaningful upside through Presidio's strategy of operational optimization. Presidio's business model drives value through the application of modern oilfield practices, proprietary technology including machine learning and AI, and strategic consolidation.

Presidio Investment Holdings reaffirmed its initial dividend framework and broader shareholder return strategy in conjunction with the previously announced business combination with EQV Ventures Acquisition. The company said, "Presidio's strategy is designed for public market investors seeking a clear, repeatable income proposition, rather than exposure to drilling inventory, type curves, and reinvestment-heavy development programs. The strategy is to produce and acquire oil and gas assets, hedge commodity prices, maintain low operating costs, minimal capital expenditures, and return cash to shareholders. The Company believes the simplicity of this model supports a dividend approach that is transparent, stable and durable. Presidio expects to initiate a dividend of $1.35 per share per annum, to be approved and paid quarterly. The Company expects to provide formal dividend timing details promptly following completion of the transaction and approval by the Board of Directors of the post-business combination company. Presidio intends to grow the dividend over time primarily through accretive acquisitions, supported by a favorable M&A environment for purchasing non-core assets at attractive returns. Presidio emphasizes that its business model is fundamentally different from high-decline E&P companies that must continuously reinvest significant capital into drilling new wells. Instead, Presidio is designed as a capital-light platform with minimal reinvestment requirements, enabling a greater portion of cash flow to be returned directly to shareholders. By centering the value proposition on disciplined cash flow management and shareholder distributions, with growth driven through M&A rather than drilling, Presidio believes it offers a differentiated alternative to traditional E&P companies whose capital allocation and payout profiles can be more volatile. Presidio's dividend growth strategy is supported by a defined and screened acquisition backlog centered on acquiring cash-flow-positive, long-life PDP assets where Presidio can operate, reduce costs, and optimize production. In its public investor presentation, Presidio provided a set of near-term potential actionable targets spanning approximately $13 billion to $15 billion of aggregated opportunities, with individual opportunities ranging from approximately $160 million to $3.0+ billion in enterprise value. These opportunities are illustrative and reflect management's acquisition screening and prioritization process."

Presidio Investment Holdings announced the directors to serve on the board of the combined company formed by its previously announced business combination with EQV Ventures Acquisition Corp. Upon the closing of the business combination, Presidio PubCo Inc., which will be the ongoing public company, will be renamed to "Presidio Production Company". Following the consummation of the proposed business combination, Presidio's common stock is expected to trade on the NYSE and assume the ticker symbol "FTW", reflecting Presidio's roots in Fort Worth, Texas. Presidio's post-business combination Board of Directors will be comprised of nine members, at least five of whom are expected to qualify as "independent directors" as determined by the post-business combination board, including the following: Daniel Herz, Compensation Committee Chair and Audit Committee member; Jerry Schretter, Audit Committee Chair; Jeffrey Serota, Nominating and Corporate Governance Committee Chair and Compensation Committee member; James Vallee, Compensation Committee member and Nominating and Corporate Governance Committee member; Ray Walker, Jr., Audit Committee member and Nominating and Corporate Governance Committee member.