Deal Snapshot
SMART SAND TO ACQUIRE QUICKTHREE SOLUTIONS FOR USD 42.7M
Wednesday 16 May 2018

Texas, US-based frac sand producer Smart Sand, Inc. (NASDAQ: SND) has entered into a definitive agreement to acquire substantially all of the assets of Canada-based Quickthree Solutions, Inc., a manufacturer of portable vertical frac sand storage solutions at the wellsite.
The transaction provides for an aggregate purchase price of up to USD 42.75m consisting of USD 30m payable at closing and up to USD 12.75m in potential earnout payments as systems are built and made available for sale or lease over a three-year period.


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Details
Date Published: 16/05/2018
Target: Quickthree Solutions
Country: Canada
Deal Size: 42.7m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Smart Sand
Comment:


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