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EQT to acquire McGill and Partners for $2 billion

PUBLIC · EQTSep 04, 2026

Acquiring Company

EQT AB

Acquired Company

McGill and Partners

PittsburghNew YorkOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentGaming

Description

EQT has entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for USD 2.0 billion. Founder Steve McGill will continue to lead the firm, with Chairman John Lloyd remaining actively involved. Both leaders, along with the firm's colleagues, will retain significant equity stakes post-acquisition.

Company Information

Company

EQT AB

Location

Liberty Avenue

Pittsburgh, Pennsylvania, United States

About

EQT AB is an international purpose-driven investment organization. It is the parent company of BPEA Private Equity Fund VIII ('EQT Ásia') and is known for its strategic investments and acquisitions in various industries. EQT is focused on creating sustainable value and driving growth in its portfolio companies.

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Frequently asked

Who acquired McGill and Partners?

McGill and Partners was acquired by EQT AB, based in Pittsburgh. The deal was reported on September 4, 2026. EQT AB is an international purpose-driven investment organization. EQT AB is publicly traded (EQT) and operates in Other.

When did EQT AB acquire McGill and Partners?

EQT AB's acquisition of McGill and Partners was reported on September 4, 2026. EQT has entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for USD 2.0 billion. Founder Steve McGill will continue to lead the firm, with Chairman John Lloyd remaining actively involved. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does McGill and Partners do?

We are proud to be discerning – In the clients we work for, the partners we work with and the talent who drive us forward. This allows us to be truly focused so we can create bespoke, game-changing solutions. It is privately held, operating in Gaming, and is based in New York.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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