Smart Sand (SND) Misses Q1 EPS by 6c, Miss on Revenues

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Go back to Smart Sand (SND) Misses Q1 EPS by 6c, Miss on Revenues

Smart Sand (SND) to Acquire Quickthree Solutions for $42.75M

May 9, 2018 4:46 PM EDT

Smart Sand, Inc. (NASDAQ: SND), a pure-play, low-cost producer of high quality Northern White raw frac sand, announced today that it has entered into a definitive agreement to acquire substantially all of the assets of Quickthree Solutions, Inc. (Quickthree), a manufacturer of portable vertical frac sand storage solutions at the wellsite.

The transaction provides for an aggregate purchase price of up to $42.75 million consisting of $30 million payable at closing and up to... More