Kirkland & Ellis Advises Kodiak Gas Services on $344 Million Secondary Offering
Kodiak Gas Services, Inc. (NYSE: KGS), one of the country’s largest providers of contract compression services, has announced a significant secondary offering of its common stock.
The transaction involved 10 million shares sold by Frontier TopCo Partnership, L.P., an affiliate of EQT’s Infrastructure III and IV funds, raising roughly $344 million in gross proceeds.
The deal officially closed on September 9, 2025, following the satisfaction of customary closing conditions.. For Kodiak, the offering marks another step in broadening its investor base while EQT continues to rebalance its portfolio.
This transaction underlines Kirkland’s ongoing role in high-profile energy and infrastructure financings, a space where the firm has carved out a leading reputation.
Kirkland & Ellis acted as legal counsel to Kodiak, drawing on a team of experienced capital markets lawyers. The group was led by Matt Pacey and Jennifer Wu, with support from Ieuan List, Brick Christensen, Cassie Cox, Kyle Sledge, and Lauren Bingham.
Kodiak Gas Services, Inc., founded in 2010 and based in Houston, is one of the largest U.S. providers of contract compression services. With over 4 million horsepower in operation across major basins, Kodiak delivers fixed-fee, reliable compression and treating solutions, backed by a strong safety culture and commitment to sustainability.
Kirkland & Ellis is a leading global law firm known for its excellence in M&A, corporate law, litigation, intellectual property, and private equity. With offices in key financial centers worldwide, the firm advises clients across a broad range of industries. Recognized for its work on high-stakes transactions and disputes, Kirkland delivers innovative legal strategies backed by deep industry knowledge. Its focus on complex deals and cutting-edge solutions positions it as a trusted advisor in the global legal market.
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