M&A Deal Summary

Palladium Equity Partners Acquires Q Max Solutions

On June 2, 2014, private equity firm Palladium Equity Partners acquired energy services and equipment company Q Max Solutions from Banyan Capital Partners

Acquisition Highlights
  • This is Palladium Equity Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Palladium Equity Partners’ 1st transaction in Canada.
  • This is Palladium Equity Partners’ 1st transaction in Alberta.

M&A Deal Summary

Date 2014-06-02
Target Q Max Solutions
Sector Energy Services and Equipment
Buyer(s) Palladium Equity Partners
Sellers(s) Banyan Capital Partners
Deal Type Secondary Buyout

Target

Q Max Solutions

Calgary, Alberta, Canada
Q'Max Solutions is an independent oilfield services company focused on providing drilling fluids and solids control services to national and independent oil companies. Q'Max Solutions was formed in 1993 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 32 of 54
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 3 of 9
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Mission Community Bancorp.

San Luis Obispo, California, United States

Mission Community Bancorp. is a locally owned and operated community bank.

Sell $56M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 ABRA Auto Body & Glass

Brooklyn Park, Minnesota, United States

ABRA Auto Body & Glass is a provider of vehicle damage repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA Auto Body & Glass was founded in 1984 and is based in Brooklyn Park, Minnesota.

Sell -

Seller(S) 1

DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.


DEAL STATS #
Overall 11 of 14
Sector (Energy Services and Equipment) 2 of 2
Type (Secondary Buyout) 3 of 4
State (Alberta) 2 of 3
Country (Canada) 6 of 9
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 Genoa Healthcare

Tukwila, Washington, United States

Genoa Healthcare LLC is a behavioral health specialty pharmacy company. Dedicated to serving the needs of those in the behavioral health and addiction treatment communities, and others who have complex, chronic health conditions, Genoa Healthcare is the largest provider of pharmacy, outpatient telepsychiatry and medication management services

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Newcrete

St. John's, Newfoundland, Canada

Newcrete is a producer and supplier of ready-mix and precast concrete and masonry products for the Newfoundland and Labrador construction industry. Newcrete is based in St. John's, Newfoundland.

Buy -