EQT agrees $2 billion McGill majority stake deal
Private equity firm EQT X has agreed to acquire a majority stake in McGill and Partners from Warburg Pincus for about $2 billion, with Warburg Pincus selling entirely and management reinvesting while Steve McGill remains CEO and John Lloyd stays involved. The London-based broker, employing 600+ staff across seven countries and generating over $250 million in revenue, will use the deal to accelerate global expansion, invest in technology and data, and offer an equity participation plan to staff as part of its growth strategy.
Business · 15 sources · Sep 4, 2026Read itThe journal
Open the journal →The conversation starts in the journal — be the first to post.
About McGill's Bus Services
McGill's Bus Services is a bus operator based in Greenock, Scotland. The company has grown to operate a network of routes covering much of the council areas of Inverclyde, East Renfrewshire, Renfrewshire, North Lanarkshire, Glasgow City, North Ayrshire, West Lothian, Falkirk and Dundee City. McGill's have several depots based in Greenock, Inchinnan, Johnstone, Edinburgh, Bannockburn, Balfron, Larbert, Livingston and Dundee. McGill's also formerly had depots in Dumbarton, Barrhead and Coatbridge.
Everything about McGill's Bus Services →- Country
- United Kingdom
- Headquarters
- Greenock
- Inception
- 2001
- Website
- http://www.mcgillsbuses.co.uk/Default.aspx