TMG serves as a strategic advisor in the approval of a $5.2 billion energy acquisition

August 23, 2023

Over the last few years, we’ve been proud to be strategic advisors on some of the biggest M&A deals, helping to shape strategies and navigate the politics around complex deals and the thorniest antitrust issues of the day. This week, we had another win.

Our client Quantum Capital Group announced that they completed the sale of Tug Hill and XcL Midstream to EQT Corporation for a total consideration of approximately $2.4 billion of cash and 49.6 million shares of EQT common stock. Quantum is a leading private equity, credit, and venture capital provider to the global energy and energy transition industry. It has managed, together with its affiliates, more than $22 billion in equity commitments since inception.

This deal is expected to enhance U.S. energy security, affordability, and reliability while supporting the ongoing transition to cleaner energy sources.

TMG served as a strategic advisor to Quantum, helping to quarterback outside advisors and provide critical political and communications insight. We want to thank our friends at Quantum and Vinson & Elkins for their partnership and trust in our team to help get this deal across the finish line.

The Messina Group
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