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Private equity firm Palladium Equity Partners announced on Monday that it has acquired Q’Max Solutions Inc. for an undisclosed amount.

Q’Max employes around 1,400 people, and has operations in Latin America, North America, and Asia.

The company provides drilling fluid products and technical services to well operators.

Chris Rivers, President and Chief Executive Officer of Q’Max Solutions, said, “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.”

Palladium, based in New York, is a middle market firm with around $2.5 billion in assets under management.