EQV Ventures and Presidio announce post-merger board directors

EQV Ventures Acquisition Corp. (NYSE: FTW) and Presidio Investment Holdings announced the composition of the board of directors for their combined company following their planned business combination. The merged entity will be renamed Presidio Production Company and trade on the NYSE under the ticker symbol "FTW".

The post-combination board will comprise nine members, with at least five expected to qualify as independent directors. The independent directors include Daniel C. Herz as Compensation Committee Chair, Jerry Schretter as Audit Committee Chair, Jeffrey S. Serota as Nominating and Corporate Governance Committee Chair, James Vallee as Compensation Committee member, and Ray N. Walker Jr. as Audit Committee member.

The companies filed an amended Form S-4 registration statement with the Securities and Exchange Commission that includes information about the board appointments and EQV Resources LLC, which Presidio expects to acquire immediately following the business combination closing. The registration statement has not yet become effective.

Presidio Investment Holdings operates mature oil and gas wells across the Mid-Continent region, focusing on optimizing existing production from low-decline assets. EQV Ventures Acquisition Corp. is a special purpose acquisition company sponsored by EQV Group, which has completed 14 acquisitions and manages over 1,800 wells across 10 states.

The business combination remains subject to regulatory approvals and EQV shareholder approval. Upon completion, the combined company expects to focus on generating sustainable cash flow from producing oil and gas assets.

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