Presidio Set to Go Public in US via $660 Million SPAC Merger

Oil and gas well efficiency company Presidio Investment Holdings LLC has agreed to merge with blank-check firm EQV Ventures Acquisition Corp. in a deal that values the combined entity at about $660 million.

The deal primes Fort Worth, Texas-based Presidio to scavenge for more aging oil and gas wells to acquire and optimize. Presidio sees itself as providing an off ramp to private equity firms that amassed assets at the peak of the US shale boom and now need to return capital to their investors.