M&A Deal Summary

SmartSand Acquires Quickthree Solutions

On June 4, 2018, SmartSand acquired machinery company Quickthree Solutions for 43M USD

Acquisition Highlights
  • This is SmartSand’s 1st transaction in the Machinery sector.
  • This is SmartSand’s largest (disclosed) transaction.
  • This is SmartSand’s 1st transaction in Canada.
  • This is SmartSand’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2018-06-04
Target Quickthree Solutions
Sector Machinery
Buyer(s) SmartSand
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

Quickthree Solutions

Saskatoon, Saskatchewan, Canada
Quickthree Solutions, Inc. is a manufacturer of portable vertical frac sand storage solutions at the wellsite. Quickthree Solutions is based in Saskatoon, Saskatchewan.

Search 198,485 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

SmartSand

Spring, Texas, United States
Category Company
Founded 2011
Sector Energy Services and Equipment
Employees378
Revenue 296M USD (2023)
DESCRIPTION

SmartSand is a fully integrated frac sand supply and services company that offers complete mine-to-well site proppant supply and logistics solutions. SmartSand produces Northern White frac sand, which is a premium proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. SmartSand was founded in 2011 and is based in Spring, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal