Quintana Energy Services, which provides diversified well services to onshore oil and gas E&Ps, announced terms for its IPO on Monday.
The Houston, TX-based company plans to raise $125 million by offering 9.3 million shares at a price range of $12 to $15. At the midpoint of the proposed range, Quintana Energy Services would command a market value of $435 million.
Quintana Energy Services was founded in 2006 and booked $365 million in sales for the 12 months ended September 30, 2017. It plans to list on the NYSE under the symbol QES. BofA Merrill Lynch, Simmons & Co., Citi, Barclays, Tudor, Pickering, Holt & Co., Evercore ISI, Stephens Inc. and Capital One Securities are the joint bookrunners on the deal. It is expected to price during the week of February 5, 2018.
