EQV Ventures Supports Presidio Merger and Arkoma Expansion

The latest announcement is out from EQV Ventures Acquisition ( (FTW) ).

On February 23, 2026, EQV Ventures Acquisition Corp. and its sponsor entered a non-redemption agreement with Fort Baker Capital Management, under which Fort Baker agreed not to redeem up to 751,880 EQV Class A shares in connection with EQV’s upcoming shareholder meeting to approve its business combination. In return, EQV’s sponsor will transfer up to 117,686 Class A shares to Fort Baker, a move expected to preserve more cash in EQV’s trust account at closing and bolster funding for the proposed merger.

Also on February 23, 2026, EQV, Presidio and PIH signed a Series B Preferred Securities Purchase Agreement with Adage Capital Partners for a $25 million private placement of Presidio’s convertible preferred stock tied to the business combination. The preferred financing, together with the non-redemption pact and earlier capital commitments, underpins the capital structure for the Presidio–EQV deal and signals institutional investor support as the parties move toward closing their merger and related transactions.

On February 24, 2026, EQV and PIH disclosed that Presidio entered a letter of intent to buy $80 million of producing Arkoma Basin assets from companies controlled by Vortus Investments, potentially closing in the second quarter of 2026. The transaction, which Presidio plans to fund with cash, an ABS warehouse facility and equity, would extend Presidio’s footprint into an adjacent basin, support its acquisition-led growth strategy and position the future public company to raise its annual dividend target, subject to board approval.

The Arkoma acquisition is expected to deliver low-decline, gas-weighted production and strong free cash flow, with 56 producing wells, about 22.6 Mmcfe/d of net output and roughly 100 Bcfe of reserves, reinforcing Presidio’s model of hedged, yield-focused operations. A partnership with Vortus portfolio company Alchemist Energy on assets with both producing and undeveloped potential further broadens Presidio’s opportunity set, aligning long-term private equity backing with Presidio’s consolidation and cash-return strategy.

The business combination advanced procedurally when the SEC declared effective the registration statement for Presidio PubCo Inc. on January 30, 2026, enabling EQV to commence mailing its proxy and schedule a February 27, 2026 shareholder vote. With approximately $372 million currently in EQV’s trust account before redemptions and more than $236 million of prior financing commitments, the combined capital measures are designed to ensure ample liquidity for closing the merger and funding Presidio’s acquisition and dividend ambitions.

More about EQV Ventures Acquisition

Presidio Investment Holdings is a differentiated U.S. oil and gas operator headquartered in Fort Worth, Texas, focused on acquiring and optimizing mature, low-decline, producing oil and natural gas assets across the Mid-Continent. EQV Ventures Acquisition Corp. is a Cayman Islands-incorporated special purpose acquisition company sponsored by an affiliate of EQV Group, which actively acquires and operates proved developed producing oil and gas properties in the United States.

Vortus Investments is a Fort Worth-based private equity firm targeting lower- and middle-market upstream energy opportunities in North America, while Alchemist Energy, a Vortus portfolio company, concentrates on drilling and developing new wells, positioning it as a complementary partner to Presidio’s production-focused model.

EQV’s sponsor and institutional investors back a broader strategy to combine EQV with Presidio via a business combination, creating a public platform designed to generate stable, hedge-protected cash flows and dividends from mature upstream energy assets, alongside selective growth through acquisitions and basin expansion.

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