Palladium acquires Banyan-backed Q'Max Solutions

U.S. private equity firm Palladium Equity Partners has acquired Q'Max Solutions Inc, a Calgary-based oilfield services company focused on providing drilling fluids and solids control services to the domestic and international energy industry. The financial terms of the transaction were not disclosed. Founded in 1993, Q'Max Solutions was a portfolio company of Canadian mid-market private equity firm Banyan Capital Partners, which is partnered with Toronto-based asset manager Connor, Clark & Lunn Financial Group. Palladium has its headquarters in New York.

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