# PRESIDIO PUBCO INC. (FTW-WT) — merger/spac_merger [completed] Source: SEC API (secapi.ai) · situation sit_4c1a63a3aee2084b0aa3 · retrieved 2026-08-11T16:11:25.186Z ## Overview Presidio Investment Holdings LLC is a differentiated oil and gas operator focused on the acquisition and optimization of mature, producing oil and natural gas assets in the United States. EQV Ventures Acquisition Corp. (NYSE: FTW), a SPAC sponsored by EQV Group, announced that shareholders voted to approve a business combination with Presidio Investment Holdings LLC, a differentiated oil and gas operator focused on acquiring and optimizing mature, producing oil and natural gas assets in the United States. The closing is expected to occur on or about March 4, 2026, subject to satisfaction or waiver of all closing conditions. Shares of the combined entity are expected to trade on NYSE under the symbol "FTW" on March 5, 2026. ## Terms - Counterparty: EQV Ventures Acquisition Corp. · Deal value: $700.0M · Consideration: mixed · Price/share: $10 ## Key dates - Announced 2026-01-12 · Record 2026-01-30 · Vote 2026-02-27 · Expected close 2026-03-04 · Completed 2026-03-09 ## Timeline - 2026-01-12 · 425 (0001213900-26-003392): 425 - PRESIDIO PUBCO INC. — *Presidio is a publicly listed operator focused exclusively on acquiring and optimizing long-life, cash-flowing proved developed producing (PDP) assets in the Anadarko Basin, generating stable cash flow through disciplined capital allocation and operational excellence.* Presidio Investment Holdings LLC announced a proposed business combination with EQV Ventures Acquisition Corp. (EQV), with Presidio PubCo Inc. as the combined entity. The transaction values Presidio at $469 million enterprise value, including $200 million of equity value and $269 million assumption of investment-grade ABS debt. EQV Resources LLC (EQVR) is acquired by PubCo at approximately $59 million enterprise value, with EQV Group rolling $34 million of existing equity into the combined entity. The pro forma enterprise value at transaction close is $673 million. The combined company targets a 13% dividend yield supported by stable, hedged cash flow and low reinvestment requirements. Financing includes over $150 million of equity capital from institutional and strategic investors, a $50 million RBL facility, and $125 million of perpetual preferred equity with 8% cash interest. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-003392.txt - 2026-01-30 · 425 (0001213900-26-010330): 425 - PRESIDIO PUBCO INC. — *Presidio Investment Holdings LLC is a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States.* EQV Ventures Acquisition Corp. (NYSE: FTW), a SPAC sponsored by EQV Group, and Presidio Investment Holdings LLC, an oil and gas operator focused on optimizing mature producing assets, announced that EQV's Form S-4 registration statement for their previously announced business combination has been declared effective by the SEC on January 30, 2026. The Extraordinary General Meeting of EQV shareholders to approve the business combination is scheduled for February 27, 2026 at 8:00 a.m. Central Time via virtual meeting. If approved, the combined entity is expected to trade on the New York Stock Exchange under the ticker symbol "FTW" shortly after closing, subject to satisfaction of all closing conditions. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-010330.txt - 2026-02-03 · 425 (0001213900-26-010986): 425 - PRESIDIO PUBCO INC. — *Presidio is a differentiated oil and gas company that generates steady cash flow from hedged production of low-decline volumes, focusing on acquiring and optimizing producing assets rather than drilling new wells, with a business model centered on cost discipline, hedging, and returning capital to shareholders through fixed dividends.* Presidio Investment Holdings LLC (PIH), a private oil and gas company, is going public through a merger with EQV Ventures Acquisition Corp. (EQV), a SPAC. The S-4 registration statement was declared effective by the SEC on January 30, 2026. The shareholder vote is scheduled for February 27, 2026, with closing expected shortly thereafter. Presidio has raised over $300 million in capital to support the transaction, including $150 million in a common PIPE ($85 million from BP, $40 million from management, and $25 million from Morgan Stanley), $125 million in preferred equity from JP Morgan Investment Management, and a backstop revolver and credit facility from Citizens Bank. The combined company will trade under the ticker FTW and will be valued at approximately $700 million enterprise value at close. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-010986.txt - 2026-02-05 · 425 (0001213900-26-012578): 425 - PRESIDIO PUBCO INC. — *Presidio Investment Holdings LLC is a differentiated oil and gas operator focused on the acquisition and optimization of mature, producing oil and natural gas assets in the United States, with a capital-light platform emphasizing cash flow management and shareholder distributions rather than drilling-driven growth.* Presidio Investment Holdings LLC announced a business combination with EQV Ventures Acquisition Corp (NYSE: FTW), with the Form S-4 registration statement declared effective on January 30, 2026. EQV shareholders will vote on the proposed merger at an extraordinary general meeting scheduled for February 27, 2026. Upon closing, the combined entity will trade on the New York Stock Exchange under the ticker symbol "FTW." Presidio intends to initiate a dividend of $1.35 per share per annum, to be approved and paid quarterly following completion of the transaction. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-012578.txt - 2026-02-10 · 425 (0001213900-26-013947): 425 - PRESIDIO PUBCO INC. — *Presidio Investment Holdings LLC is a differentiated oil and gas operator focused on the acquisition and optimization of mature, producing oil and natural gas assets in the United States.* Presidio Investment Holdings LLC and EQV Ventures Acquisition Corp. (NYSE: FTW) announced that Presidio has mandated an affiliate of Goldman Sachs to arrange up to $1.0 billion in potential acquisition financing following completion of their business combination. Goldman Sachs Bank USA and its affiliates will serve as sole lead arranger, structuring agent, and syndication agent for the facility. The facility is designed to support acquisition of producing oil and gas assets and aggregation prior to issuing long-term investment-grade asset-backed securities. Closing of the facility remains subject to negotiation and execution of definitive transaction agreements, future acquisitions, acquisition diligence, funding approvals, and customary closing conditions. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-013947.txt - 2026-02-13 · 425 (0001213900-26-015930): 425 - PRESIDIO PUBCO INC. — *Presidio Investment Holdings LLC is a differentiated oil and gas operator focused on the optimization and acquisition of mature, cash-flowing oil and natural gas assets in the United States, rather than drilling new wells; the company has generated industry-leading returns over eight years without drilling any wells itself.* Presidio Investment Holdings LLC (PIH) is merging with EQV Ventures Acquisition Corp., a SPAC that raised capital specifically to target oil and gas asset-optimization businesses. The transaction was announced in August 2025 and is expected to close in early March 2026, with a shareholder vote scheduled for February 27, 2026. The combined company will trade under ticker FTW on the New York Stock Exchange at an enterprise value of approximately $700 million. Presidio is bringing approximately $300 million in capital into the business as part of the de-SPAC transaction and has secured a $1 billion debt financing facility from Goldman Sachs to support acquisition growth. The combined entity will pay an initial dividend of $1.35 per share (13% yield) and plans to grow through acquisitions, with a $15 billion acquisition backlog over the next two years. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-015930.txt - 2026-02-23 · 425 (0001213900-26-019362): 425 - PRESIDIO PUBCO INC. — *Presidio PubCo Inc. is an oil and gas producer that acquires and optimizes mature, producing oil and gas wells without drilling, generating stable cash flows through operational efficiency improvements and commodity hedging, with distributions to shareholders via fixed annual dividends.* Presidio PubCo Inc. (formerly Prometheus PubCo Inc., renamed August 24, 2025) is combining with EQV Ventures Acquisition Corp. in a SPAC merger. The combined company will list on the New York Stock Exchange and will operate as a pure cash-flow oil and gas producer focused on acquiring and optimizing mature, producing assets without drilling. Presidio is valued at approximately $700 million as a private company at the time of going public, with a long-term vision to grow to a $7 billion enterprise. The company plans to offer an industry-leading fixed annual dividend of 13% per year, funded by cash flow from producing oil and gas wells, with growth through acquisitions. The acquisition backlog has grown from $5 billion to $15 billion over recent months. The Registration Statement was declared effective by the SEC on January 30, 2026, and the definitive proxy statement/prospectus was mailed to EQV shareholders on January 30, 2026. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-019362.txt - 2026-02-24 · 425 (0001213900-26-019615): 425 - PRESIDIO PUBCO INC. — *Presidio Investment Holdings LLC is a differentiated oil and gas operator focused on the acquisition and optimization of mature, producing oil and natural gas assets in the United States.* Presidio Investment Holdings LLC announced a letter of intent to acquire producing assets in the Arkoma Basin from Vortus Investments for $80 million, subject to customary due diligence, definitive documentation, and closing conditions. Presidio intends to fund the acquisition with cash on hand, funds from a Goldman Sachs ABS Warehouse Facility, and approximately $20 million of Presidio equity provided to the Seller. The company 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 Board approval. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-019615.txt - 2026-02-25 · 425 (0001213900-26-020136): 425 - PRESIDIO PUBCO INC. — *Presidio Investment Holdings LLC operates over 2,000 mature oil and gas wells primarily in the Anadarko Basin of Texas and Oklahoma, generating cash flow from existing producing assets through operational optimization and cost reduction rather than drilling; the company has achieved 50-70% operating expense cuts on acquired properties and projects an 8% production decline rate versus a 24% peer a…* Presidio Investment Holdings LLC (PIH), an oil and gas operator focused on optimizing mature producing assets without drilling, is combining with EQV Ventures Acquisition Corp., a SPAC that raised capital in summer 2024. The combined company will trade under the ticker symbol FTW upon closing. Presidio projects an enterprise value of approximately $700 million at closing and will pay a day-one cash dividend of $1.35 per share, representing a 13.5% yield at the $10 per share closing price. The transaction is fully financed with an $85 million PIPE (including BP as a common equity investor), preferred equity from JP Morgan Investment Management, a standby credit facility from Citizens Bank, and existing investment-grade bonds. Management and Morgan Stanley Energy Partners (Presidio's original backer) are rolling equity into the public company, with Morgan Stanley rolling approximately 20% of its stake and cashing out the balance, while management is rolling 100% of its equity. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-020136.txt - 2026-03-02 · 425 (0001213900-26-021893): 425 - PRESIDIO PUBCO INC. — *Presidio Investment Holdings LLC is a differentiated oil and gas operator focused on the acquisition and optimization of mature, producing oil and natural gas assets in the United States.* EQV Ventures Acquisition Corp. (NYSE: FTW), a SPAC sponsored by EQV Group, announced that shareholders voted to approve a business combination with Presidio Investment Holdings LLC, a differentiated oil and gas operator focused on acquiring and optimizing mature, producing oil and natural gas assets in the United States. The closing is expected to occur on or about March 4, 2026, subject to satisfaction or waiver of all closing conditions. Shares of the combined entity are expected to trade on NYSE under the symbol "FTW" on March 5, 2026. https://www.sec.gov/Archives/edgar/data/2083125/0001213900-26-021893.txt - 2026-03-09 · 8-K (0001213900-26-025222): 8-K CURRENT REPORT https://www.sec.gov/Archives/edgar/data/2083125/000121390026025222/ea0279617-8k_presidio.htm - 2026-03-12 · 8-K/A (0001213900-26-026608): 8-K/A AMENDMENT NO. 1 TO FORM 8-K https://www.sec.gov/Archives/edgar/data/2083125/000121390026026608/ea0280928-8ka1_presidio.htm ## Citations - 0001213900-26-003392 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026003392 - 0001213900-26-010330 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026010330 - 0001213900-26-010986 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026010986 - 0001213900-26-012578 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026012578 - 0001213900-26-013947 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026013947 - 0001213900-26-015930 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026015930 - 0001213900-26-019362 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026019362 - 0001213900-26-019615 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026019615 - 0001213900-26-020136 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026020136 - 0001213900-26-021893 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026021893 - 0001213900-26-025222 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026025222 - 0001213900-26-026608 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026026608