Core Insights - Presidio Investment Holdings, LLC is set to merge with EQV Ventures Acquisition Corp, creating a new public entity named Presidio Production Company, which will focus on optimizing mature oil and gas assets in the U.S. [2][3] - The new board of directors for Presidio will consist of nine members, with at least five expected to be independent directors, bringing extensive experience in energy, corporate finance, and asset management [3][4] Company Overview - Presidio Investment Holdings, LLC operates primarily in the Mid-Continent region, focusing on mature oil and gas wells, aiming to optimize production and generate sustainable cash flow from low-decline assets [11] - EQV Ventures Acquisition Corp is a special purpose acquisition company formed to facilitate mergers and acquisitions, having completed 14 acquisitions and managing over 1,800 wells across 10 states [12] Board of Directors - Daniel C. Herz, the CEO of WhiteHawk Energy, will bring significant operational and financial expertise to the board [5] - Jerry Schretter has a strong background in energy investment banking, having served as Vice Chairman at Bank of America [7] - Jeffrey S. Serota, with over 30 years of experience in private equity and corporate governance, will contribute strategic investment insights [8] - Jimmy E. Vallee, an expert in M&A with over $100 billion in transaction experience, will enhance the board's advisory capabilities [9] - Ray N. Walker, Jr. has over 50 years in the oil and gas industry, previously serving as COO of Encino Energy [10]
EQV Ventures Acquisition Corp. (NYSE: FTW) and Presidio Announce Industry-Leading Post-Business Combination Board