04:55 PM EST, 11/14/2024 (MT Newswires) -- Kodiak Gas Services ( KGS ) started an underwritten public offering of 4.85 million shares by an affiliate of EQT Infrastructure III and EQT Infrastructure IV.

Underwriters in the offering will have the option to buy up to an additional 728,034 shares from the selling investor, Kodiak said Thursday in a statement.

Kodiak isn't selling any shares in the offering and won't receive any proceeds.

Additionally, the company is buying $15 million in shares from the selling investor in a private placement as part of a $50 million buyback program, which was approved by the board on Thursday.

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