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NEW YORK - EQT (NYSE: EQT), a global private equity group currently valued at $33.22 billion, has agreed to sell Acumatica, a cloud-based ERP and business management software platform, to Vista Equity Partners, marking a new chapter for the company after a period of significant growth and transformation. According to InvestingPro data, EQT is trading near its 52-week high of $57.37, reflecting strong market confidence. The transaction is expected to be completed in the third quarter of 2025, subject to customary closing conditions and approvals.
Acumatica, established in 2008, has become known as a leading provider of cloud-first business management solutions for small and mid-sized enterprises (SMEs). The company’s platform offers a suite of AI-powered solutions designed to enhance operational efficiency, decision-making, and growth for its clients. Since EQT’s initial investment in 2019, Acumatica has seen a substantial increase in its workforce, revenue, and customer base, now serving over 10,000 customers globally. EQT’s own impressive performance includes a 39.41% revenue growth over the last twelve months, as reported by InvestingPro, which offers comprehensive analysis and 12 additional ProTips about EQT’s financial health and market position.
John Case, CEO of Acumatica, highlighted the company’s focus on enabling SMEs to achieve growth, crediting EQT’s partnership for the company’s rapid expansion and innovation. Acumatica’s product suite addresses specific industry challenges with tailored functionality and automation, covering sectors such as distribution, manufacturing, construction, retail, and professional services.
Rob Maclean, an EQT Private Equity Advisory Team Partner, expressed pride in Acumatica’s evolution and EQT’s role in driving strategic direction, product innovation, and operational excellence. The sale to Vista Equity Partners is anticipated to support Acumatica’s ongoing innovation and market presence.
Financial advisory for the transaction was provided by Moelis & Company LLC, with Jefferies Group LLC also acting as an advisor. Legal counsel was provided by Simpson Thacher & Bartlett LLP for Acumatica and EQT, while Vista received legal advice from Greenberg Traurig, LLP.
This development comes as industry trends show increasing cloud migration from legacy systems among SMEs, with an emphasis on integrated payment functionality and AI enablement. Acumatica’s growth trajectory and the strategic acquisition by Vista Equity Partners reflect the dynamic nature of the cloud ERP market. EQT’s strong market position is evidenced by its 38.49% total return over the past year and its FAIR Financial Health Score of 2.41, as revealed in InvestingPro’s detailed research reports, available for over 1,400 US stocks. The information in this article is based on a press release statement.
In other recent news, EQT Corporation reported impressive first-quarter 2025 results, surpassing expectations with adjusted earnings per share of $1.18 against the forecasted $0.98. The company’s revenue also exceeded projections, reaching $2.24 billion compared to the anticipated $2.19 billion. Demonstrating strong financial health, EQT generated over $1 billion in free cash flow during the quarter, attributed to robust well performance and reduced capital expenditures. Additionally, EQT raised its 2025 production guidance by 25 billion cubic feet equivalent (Bcfe) and lowered its capital expenditure forecast by $25 million at the midpoint. In a strategic move, EQT announced a $1.8 billion acquisition of Olympus Energy’s assets, including 90,000 net acres in Southwest Pennsylvania, expected to be accretive.
UBS analyst Josh Silverstein recently upgraded EQT’s stock rating to Buy, increasing the price target from $54 to $64, citing improved operational performance and a positive outlook for natural gas. Bernstein SocGen Group also raised EQT’s price target to $74 while maintaining an Outperform rating, following the company’s earnings beat and strong performance metrics. EQT’s announcement of acquiring assets from Olympus Energy, Hyperion Midstream, and Bow & Arrow Land Company, involving the issuance of over 26 million shares, further underscores its strategic expansion efforts. This acquisition, pending regulatory approval, is anticipated to enhance EQT’s portfolio and market position.
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