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  6. SmartSand Acquires Quickthree Solutions

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.

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Buyer(S) 1

Buyer

SmartSand

Spring, Texas, United States
Category Company
Founded 2011
Sector Energy Services and Equipment
Employees285
Revenue 311M USD (2024)
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 was founded in 2011 and is based in Spring, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Saskatchewan M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
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