Spartan Energy Holdco LLC Files SC 13D for Kodiak Gas Services
Ticker: KGS · Form: SC 13D · Filed: Apr 8, 2024 · CIK: 1767042
Sentiment: neutral
Topics: ownership-change, sec-filing, sc-13d
Related Tickers: KGS
TL;DR
**Spartan Energy Holdco LLC just dropped a 13D on KGS. Big ownership change incoming.**
AI Summary
On April 8, 2024, Spartan Energy Holdco LLC, through its group members CSI Compressco Investment LLC and Spartan Energy Partners GP LLC, filed a Schedule 13D regarding Kodiak Gas Services, Inc. This filing indicates a change in beneficial ownership, with Spartan Energy Holdco LLC now holding a significant stake in the company. The filing does not disclose a specific dollar amount for the stake but signifies a substantial investment.
Why It Matters
This filing signals a significant shift in the ownership structure of Kodiak Gas Services, Inc., potentially impacting its strategic direction and future operations.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions like mergers, acquisitions, or activist investor campaigns, introducing uncertainty.
Key Players & Entities
- Spartan Energy Holdco LLC (company) — Filing entity
- Kodiak Gas Services, Inc. (company) — Subject company
- CSI Compressco Investment LLC (company) — Group member of filing entity
- Spartan Energy Partners GP LLC (company) — Group member of filing entity
- Jonathan W. Byers (person) — Associated with Spartan Energy Partners LP
FAQ
What is the exact percentage of Kodiak Gas Services, Inc. stock beneficially owned by Spartan Energy Holdco LLC?
The provided text does not specify the exact percentage of ownership, only that a Schedule 13D filing has been made, indicating a change in beneficial ownership.
When was the previous ownership structure for Kodiak Gas Services, Inc. last reported?
The filing date is April 8, 2024, and it is an amendment, implying a previous filing exists, but the date of the prior filing is not explicitly stated in this excerpt.
What is the business address of Kodiak Gas Services, Inc.?
The business address for Kodiak Gas Services, Inc. is 9950 Woodloch Forest Drive, 19th Floor, The Woodlands, TX 77380.
What is the CUSIP number for Kodiak Gas Services, Inc. common stock?
The CUSIP number for Kodiak Gas Services, Inc. common stock is 50012A108.
Who are the listed group members of Spartan Energy Holdco LLC for this filing?
The listed group members are CSI Compressco Investment LLC and Spartan Energy Partners GP LLC.
Filing Stats: 4,522 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2024-04-08 17:12:49
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
- $50,000 — ive tax capital in an absolute value of $50,000 or greater, was given the option to ele
Filing Documents
- d794502dsc13d.htm (SC 13D) — 113KB
- 0001193125-24-089721.txt ( ) — 115KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: April 8, 2024 CSI Compressco Investments LLC By: Spartan Energy Holdco LLC, its sole member By: /s/ Jonathan W. Byers Name: Jonathan W. Byers Title: Chief Financial Officer Spartan Energy Holdco LLC By: Spartan Energy Partners LP, its sole member By: Spartan Energy Partners GP LLC, its general partner By: /s/ Jonathan W. Byers Name: Jonathan W. Byers Title: Chief Financial Officer Spartan Energy Partners LP By: Spartan Energy Partners GP LLC, its general partner By: /s/ Jonathan W. Byers Name: Jonathan W. Byers Title: Secretary Spartan Energy Partners GP LLC By: /s/ Jonathan W. Byers Name: Jonathan W. Byers Title: Secretary 9 Schedule I Set forth below is the name, position and present principal occupation of each of the directors and executive officers of Spartan Energy Partners GP LLC. Except as otherwise indicated, the business address of each of such persons is c/o Spartan Energy Partners LP, 1735 Hughes Landing Blvd., Suite 200, The Woodlands, TX 77380, and each such person is a citizen of the United States. Name Title Present Principal Occupation John E. Jackson Chief Executive Officer and Director of Spartan Energy Partners GP LLC Chief Executive Officer and Director of Spartan Energy Partners GP LLC Jonathan W. Byers Secretary of Spartan Energy Partners GP LLC Secretary of Spartan Energy Partners GP LLC Chief Financial Officer David L. Edelmaier Chief Financial Officer of Spartan Energy Partners GP LLC Chief Financial Officer of Spartan Energy Partners GP LLC Robert W. Price Chief Operating Officer of Spartan Energy Partners GP LLC Chief Operating Officer of Spartan Energy Partners GP LLC Ted A. Gardner Director of Spartan Energy Partners GP LLC Director of Spartan Energy Partne