Palladium Acquires Q’Max Solutions
Search

Palladium Acquires Q’Max Solutions

qmax nf1Palladium Equity Partners has acquired Q’Max Solutions, an oilfield services company with operations in Latin America, North America and Asia.

Q’Max is an independent oilfield services company focused on providing drilling fluids and solids control services to national and independent oil companies.  The company has 1400 employees and was founded in 1993.  The name “Q’Max” refers to “maximum flow from a wellbore” in engineering terms.  Q’Max is headquartered in Calgary (www.qmaxsolutions.com).

perez nf1“We are pleased to back Q’Max’s team, which has positioned the company well in a large market with significant growth potential globally,” said David Perez, President and COO of Palladium.  “My partners and I look forward to working with CEO Chris Rivers and his team to continue to grow the company and deliver best-in-class services to its clients.”

Palladium Equity Partners targets investments in financial services, business services, food, healthcare, industrial and media businesses.  Palladium has a focus on companies that operate in the rapidly growing US Hispanic market – a market segment where the firm has expertise, a broad network and an extensive track record of investing.  Since its founding in 1997, Palladium has invested over $1 billion of capital in more than 20 platform investments and over 50 add-on acquisitions.  The firm is based in New York (www.palladiumequity.com).

“I am excited that Q’Max has become a member of the Palladium family.   Palladium recognizes our potential for significant profitable growth and thoroughly supports our vision, which will create new opportunities for our customers and employees,” said Chris Rivers, President and Chief Executive Officer of Q’Max Solutions.

2014 PEPD • Private Equity’s Leading News Magazine • 6-3-14

To search in site, type your keyword and hit enter