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Palladium Equity buys Canada's Q'Max

Jun 02, 2014 - The Deal Pipeline

Middle market private equity firm Palladium Equity Partners LLC said Monday, June 2, it acquired Canadian oilfield services provider Q'Max Solutions Inc. Palladium didn't reveal the price but a source said the deal values the company at around $300 million. Another source said the company was worth around $350 million a couple of years ago. Q'Max was backed by Banyan Capital Partners. Founded in 1993, Calgary-based Q'Max focuses on providing drilling fluids and solids control services to nationa...