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March 27, 2020

TorQuest Partners Closes Fund V at $1.375 Billion

TorQuest Partners today announced the final closing of TorQuest Partners Fund V, with $1.375 billion of committed capital. 

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November 5, 2019

Report on Business 2019, New CEO of the Year

Susan Senecal, President and CEO of TorQuest portfolio company, A&W Food Services of Canada (“A&W”), was awarded as the 2019 New CEO of the Year by the Globe & Mail’s Report on Business. This award recognizes a CEO with less than three years of tenure in his or her current role, who has had a significant impact on the company and its strategy.

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October 3, 2019

TorQuest Partners Announces Investment in Joriki

Toronto, Ontario – October 3, 2019 – TorQuest Partners (“TorQuest”) today announced that it has made an investment in Joriki Inc. (“Joriki”), a leading Canadian contract manufacturer of beverages and select food products. This will be the ninth platform investment for TorQuest Partners Fund IV. Terms of the transaction were not disclosed.

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March 14, 2019

TorQuest Partners Announces Acquisition of Prepac

Toronto, Ontario – March 14, 2019 – TorQuest Partners (“TorQuest”) today announced the acquisition of Prepac Manufacturing Ltd. (“Prepac”), a manufacturer of ready-to-assemble (”RTA”) home furniture sold exclusively through online retailers.

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November 12, 2018

TorQuest Partners Completes Acquisition of Bartek Ingredients

Toronto, Ontario, November 13, 2018 – TorQuest Partners (“TorQuest”) today announced the acquisition of Bartek Ingredients Inc. (“Bartek” or the Company”), a specialty chemical manufacturer serving food & beverage and industrial end markets. Terms of the transaction were not disclosed. 

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November 12, 2018

Powerhouses in PE: Up Close With a Veteran of Canada’s Middle-Market

Brent Belzberg, who founded TorQuest Partners in 2001, saw an opportunity to help entrepreneurs build and scale businesses into first-rate enterprises.

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November 8, 2018

TorQuest Partners Invests in Cando Rail Services Ltd.

Toronto, Ontario – November 8, 2018 – TorQuest Partners (“TorQuest”) today announced an investment into Cando Rail Services Ltd. (“Cando”), a provider of specialized rail support services that allow industrial customers to optimize their bulk material supply chain and connect to Class 1 railways. Terms of the transaction were not disclosed.

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October 10, 2018

Polycor Inc. Expands Its Geographic Presence by Merging with Indiana Limestone

Quebec City, October 11, 2018 – The largest producer of natural stone in North America, Polycor Inc., is pleased to announce the completion of its merger with Indiana Limestone Company (“ILCO”), a leading dimensional limestone quarrier and building products producer headquartered in Bloomington, Indiana. This announcement comes shortly after Polycor’s recent acquisition of four limestone quarries in France in July, now positioning the company as a global leader in the natural stone industry.

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July 3, 2018

TorQuest Partners Completes Sale of Spinrite

Toronto, Ontario, July 3, 2018 – TorQuest Partners announced today that the firm and its co-investors have completed the sale of their majority interest in Spinrite LP (“Spinrite” or the Company”) to Comvest Partners. Terms of the transaction were not disclosed.

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June 29, 2018

Terrapure Completes Acquisition of Envirosystems Incorporated

Burlington, Ont., June 29, 2018 – Terrapure Environmental Ltd. (“Terrapure”), one of Canada’s leading providers of innovative environmental solutions, today announced it has completed its acquisition of the Canadian industrial services and waste management operations of Envirosystems Incorporated (“Envirosystems”). Terms of the deal were not disclosed.

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June 4, 2018

TorQuest Completes Sale of WSB Titan to GMS

Toronto, Ontario, June 4, 2018 – TorQuest Partners, management and co-investors announced today the successful completion of the previously announced sale of WSB Titan (“Titan”), Canada’s leading independent building supplies dealer, to GMS Inc. (NYSE:GMS), a leading North American distributor of gypsum wallboard and suspended ceiling systems. 

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April 5, 2018

GMS to Acquire WSB Titan, the Largest Wallboard Distributor in Canada

Expands GMS’s leadership position in North America through combination of the largest U.S. and Canadian wallboard distributors

Provides entry and new growth opportunities into highly attractive, fragmented Canadian market.

Combines two experienced and well-respected management teams with shared commitment to customer service and operational excellence.
The combination increases GMS’s Adjusted earnings per share by approximately 25% and Adjusted EBITDA margin by over 100 basis points on a pro forma basis.

Expect to realize at least $10 million in cost synergies within first full year following the close of the transaction.

Conference call scheduled for April 5, 2018 at 8:00 a.m., Eastern Time.

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April 2, 2018

TorQuest Partners Announces Merger of Amenity and Rubicon

Toronto, Ontario – April 2, 2018 – TorQuest Partners (“TorQuest”) today announced the merger of Amenity Holdings Inc. (“Amenity”), the second platform investment of TorQuest Partners Fund IV, and Rubicon Pharmacies Canada Inc. (“Rubicon”), two complementary operators of retail pharmacies across Western Canada. Going forward, the combined company will do business as Rubicon Pharmacies. Terms of the transaction were not disclosed.

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March 9, 2018

Purpose Financial to Acquire Thinking Capital

Transaction brings together Thinking Capital with Purpose Financial’s Investments and Technology businesses to create an innovative financial services platform with financial strength and proven leadership.

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February 28, 2018

A&W Food Services of Canada Inc. Announces Reorganization

VANCOUVER, BC, February 23, 2018, A&W Food Services of Canada Inc. (“Food Services”) and A&W Revenue Royalties Income Fund (the Fund”) (TSX: AW.UN), announced today that A&W of Canada Inc.(“A&W Canada”), the parent company of Food Services, has completed a reorganization (the Reorganization”) to provide liquidity for, and accommodate the individual estate planning purposes of, some of its long standing shareholders.

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January 5, 2018

Canadian private equity’s $1‑trillion question

An enormous amount of Canadian capital is lying in wait, pushing global investors to nosebleed levels’ to put this money to work. Jeffrey Jones and Jacqueline Nelson delve into a competitive climate that hasn’t been seen in more than a decade

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November 6, 2017

TEAM Companies Announces Management Transition and Investment

LOS ANGELES, CA—November 6, 2017—Today, The TEAM Companies – a leading payroll, business affairs and technology provider to the advertising and entertainment communities – announced a significant investment by its senior management team, in partnership with the founding shareholders and private-equity firm TorQuest Partners. At year-end, CEO Gerry Schwartz will retire from his full-time role and transition his responsibilities to TEAM’s current COO, Justin Kramer, who will assume the role of President and Chief Executive Officer. 

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September 5, 2017

TorQuest Partners Announces Acquisition of Amenity

Toronto, Ontario – September 5, 2017 – TorQuest Partners (“TorQuest”) today announced the acquisition of Amenity Health Care (“Amenity”), an operator of retail pharmacies across Western Canada. Terms of the transaction were not disclosed. 

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August 31, 2017

SCM Insurance Services Announces Strategic Investment from Warburg Pincus

SCM Insurance Services (“SCM” or the Company”), Canada’s largest independent, privately owned insurance services provider, today announced that it has received a majority investment from funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing.

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December 20, 2016

TorQuest Partners Announces Purchase of Can Art

Toronto, Ontario – December 20, 2016 – TorQuest Partners (“TorQuest”), alongside its co-investors, today announced the purchase of Can Art Aluminum Extrusion (“Can Art”), a leading North American manufacturer of aluminum extrusions. 

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October 28, 2016

TorQuest Partners Completes Sale of GTT to Gilbarco

TORONTO, October 28, 2016 – TorQuest Partners announced today that the firm has completed the sale of Global Traffic Technologies, LLC (“GTT”) to Gilbarco Inc. (“Gilbarco”). Terms of the transaction were not disclosed.

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October 25, 2016

TorQuest Partners Invests in McKeil Marine

HAMILTON and TORONTO, October 25, 2016 — McKeil Marine (“McKeil”) and TorQuest Partners (“TorQuest”) announce that TorQuest has invested in McKeil, in partnership with existing management and shareholders. Terms of the investment were not disclosed.

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September 16, 2016

TorQuest Has Acquired Majority Control of Polycor as Part of Its Merger with Swenson Granite

Toronto and Quebec City, Quebec – TorQuest Partners is pleased to announce, alongside its co-investors and PNC Mezzanine Capital, the firm has partnered with Polycor, Inc. (“Polycor”), a Quebec-based natural stone producer, in its merger with Swenson Granite and its wholly owned subsidiary Rock of Ages, two of the leading American granite quarriers and manufacturers. TorQuest now owns majority control of all the merged companies.

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June 29, 2016

TorQuest Closes Fund IV at $925 Million

TORONTO, JUNE 29, 2016 – TorQuest Partners today announced the final closing of TorQuest Partners Fund IV, with $925 million of committed capital. 

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March 9, 2016

Thinking Capital Named One Of Canada’s Best Managed Companies

TORONTO, March 9, 2016 /CNW/ — Thinking Capital was named one of Canada’s Best Managed Companies in 2015 for excellence in business performance. The Best Managed program recognizes Canadian-owned and managed companies with revenue of more than $10 million demonstrating strategy, capability and commitment to achieve sustainable growth.

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January 7, 2016

TorQuest Partners Completes Sale of Pinova Holdings, Inc. to Symrise AG

TorQuest Partners announced today that it has completed the sale of Pinova Holdings, Inc. (“Pinova Holdings”) to Symrise AG for total consideration of US$ 417 million.

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December 6, 2015

TorQuest Partners Completes Sale of Array Marketing

Toronto, Ontario – TorQuest Partners announced today that the firm and its co-investors have completed the sale of their majority interest in Array Marketing (“Array” or the Company”) to The Carlyle Group. Terms of the transaction were not disclosed.

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October 8, 2015

TorQuest Announces Purchase of Spinrite

Toronto, Ontario – TorQuest Partners (“TorQuest”), a leading Canadian-based manager of private equity funds, today announced the purchase of Spinrite LP (“Spinrite” or the Company”), the largest consumer craft yarn company in North America. Alongside TorQuest, senior members of management will invest in the Company. No financial terms were disclosed.

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September 20, 2015

TorQuest Partners to Sell Pinova Holdings, Inc. to Symrise AG

Toronto, Ontario – TorQuest Partners today announced the signing of a definitive agreement to sell Pinova Holdings, Inc. (“Pinova Holdings”) to Symrise AG, a global supplier of fragrances, flavors cosmetic active ingredients and raw materials as well as functional ingredients for total consideration of US$ 417 million.

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May 14, 2015

TorQuest Partners Fund III Completes Sale of Kissner Milling Company Limited

Toronto, Ontario – TorQuest Partners announced today that the firm and its co-investors have completed the sale of their majority interest in Kissner Milling Company Limited (“Kissner” or the Company”) to an investor group which includes Metalmark Capital, Demetree Salt, LLC. and Kissner’s management team. Terms of the transaction were not disclosed.

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April 19, 2015

Kissner Milling Company Announces Change of Control Transaction

Cambridge, Ontario – Kissner Milling Company Limited (“Kissner” or the Company”), a leading producer and distributor of bulk rock salt across the Great Lakes region, and packaged specialty deicing products across the United States and Canada, announced today that the Company and its investors have signed a purchase and sale agreement to receive a majority investment from an investor group led by Metalmark Capital.

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February 25, 2015

TorQuest Partners Invests in Envirosystems Inc.

Toronto and Dartmouth, NS – TorQuest Partners announced today that it has partnered with management and other co-investors to acquire a majority interest in Envirosystems Inc. from Thornridge Holdings Limited, a privately held investment firm.

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August 24, 2014

SCM Insurance Services Acquires Granite Divisions

Edmonton, Alberta and Toronto, Ontario – SCM Insurance Services (“SCM”) today announced that it has completed the acquisition of the property and casualty (“P&C”) businesses of Granite Global Solutions (“Granite”).

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December 11, 2013

TorQuest Partners Invests in A&B Rail Services Ltd.

TorQuest Partners, in partnership with a group of co-investors, today announced that it has acquired a majority interest in A&B Rail Services Ltd., a market-leading national railway services company based in Edmonton, Alberta. Financial terms of the transaction were not disclosed

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December 1, 2013

TorQuest Partners Invests in Kissner Milling Company

TorQuest Partners, a leading Canadian private equity fund manager, in partnership with a group of co-investors, including investors affiliated with Silverhawk Capital Partners, GoldPoint Partners and the Bank of Montréal, today announced a recapitalization of Kissner Milling Company Ltd., a leading manufacturer and distributor of bulk rock salt and ice melt products across Canada and the U.S. Great Lakes region.

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October 7, 2013

TreeHouse Foods, Inc. Completes Acquisition of Associated Brands

TreeHouse Foods, Inc. (NYSE: THS) today reported its completion of the previously announced acquisition of Associated Brands, a leading private label manufacturer of powdered drinks, specialty teas and sweeteners from TorQuest Partners and other shareholders.

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September 9, 2013

TorQuest Partners Closes Third Private Equity Fund at C$535 million

Toronto, Ontario – Toronto-based private equity firm TorQuest Partners announced today the final closing of its third fund, TorQuest Partners Fund III, with C$535 million of committed capital. TorQuest Partners Fund III will target middle-market private equity investment opportunities in Canada and the United States.

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September 9, 2013

Torquest on the Hunt With New Buyout Fund

U.S. private equity firms are all over Canada searching for deals, but the locals still feel they can beat them to the transactions they want.

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August 8, 2013

TreeHouse Foods to Acquire Associated Brands from TorQuest Partners

TreeHouse Foods, Inc. (NYSE: THS) announced today that it has entered into an agreement with TorQuest Partners LLC and other shareholders to acquire Associated Brands GP Corporation (Associated Brands), a leading private label manufacturer of powdered drinks, specialty teas and sweeteners.

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February 19, 2013

Ensyn and Pinova Establish Joint Development Agreement

Ottawa, Ontario and Brunswick, Georgia – David Boulard, President of Ensyn Technologies Inc. and David Bookbinder, Chairman of Pinova Holdings, Inc. announced today the signing of a joint development agreement for the production of specialty chemical products.

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February 6, 2013

For Disaster Clean-up Company, It’s Custom Software to the Rescue

Nothing can hurt a business like incessant paperwork. Just ask Bruce Derraugh, chief operating officer for FirstOnSite Restoration, a Toronto-based company that works with insurers to clean up messes left by floods, tornadoes and even the 2011 Stanley Cup riots in Vancouver.

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June 28, 2012

Mount Sinai Hospital Foundation: Brent S. Belzberg, Chair of the Board of Directors

The Board of Directors of Mount Sinai Hospital Foundation is pleased to announce the appointment of Brent S. Belzberg as Chair of the Board.

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June 3, 2012

TorQuest Partners Acquires Array Marketing Group

Toronto, Ontario – TorQuest Partners, a leading Canadian private equity fund manager, in partnership with the company’s management team and a group of co-investors, including Westerkirk Capital and Northleaf Capital Partners, announced today that they have purchased Array Marketing Group (“Array” or the Company”). Terms of the transaction were not disclosed.

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May 2, 2012

Associated Brands Merges with North American Tea & Coffee

Toronto, Ontario – Associated Brands a leading North American supplier of private-label and co-manufactured packaged foods and beverage products, today announced that it has completed a merger with North American Tea & Coffee Inc. (“NATC”), a Vancouver-based manufacturer of specialty tea and dry mix products. This announcement comes on the heels of the Associated Brands’ announcement of its acquisition of Soluble Products in January 2012.

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April 16, 2012

A Pine-Fresh Start

Pinova, formerly part of Hercules, gets investment and attention from a new owner.

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January 24, 2012

Associated Brands Expands Portfolio With Acquisition of Soluble Products

Toronto, Ontario – Associated Brands (“Associated Brands” or the Company”), a leading North American manufacturer and supplier of private-label dry packaged foods, today announced that it has completed the acquisition of Soluble Products (“Soluble”), a New Jersey-based manufacturer of powder supplements for weight management and sports nutrition.

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November 6, 2011

Pinova Holdings, Inc. Announces the Appointment of Theodore H. Butz as President and Chief Executive

Brunswick, Georgia – Pinova Holdings, Inc. (“Pinova Holdings”), a global leader in manufacturing natural and renewable specialty chemicals, announced today that it has named Theodore (Ted) H. Butz as President and Chief Executive Officer (CEO). Mr. Butz will also be joining the Pinova Holdings Board of Directors.

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October 31, 2011

SCM Insurance Services Enters Medical Evaluation Market with Acquisition of Riverfront Medical

Toronto, Ontario – SCM Insurance Services is pleased to announce that it has acquired Riverfront Medical Services, an industry-leading provider of independent medical evaluations (IME). This acquisition aligns with SCM’s long-term plan for strategic growth; more importantly, it signals SCM’s entrance into a product and market segment that is complementary to the continuum of insurance and risk management services it currently offers its clients.

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October 17, 2011

World Would Be Much Blander Without Jacksonville’s 100-year-old Renessenz

The Renessenz chemical plant on West 61st Street in Jacksonville has gone through boom times and bankruptcies, research breakthroughs and production reincarnations, expansion into the global market and a dizzying number of ownership changes.

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October 11, 2011

Company Has Meant a Lot to Community

History repeats itself. Just look at Hercules, which now operates as Pinova.

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October 9, 2011

Company Celebrates 100 years

As the whistle blew at noon Saturday, more than just the workers of Pinova Inc. gathered for lunch. Celebrating 100 years, the formerly known Hercules family invited employees, retirees and their families to an afternoon of excitement and fun.

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October 6, 2011

Hercules Plant Marks 100 Years

Homer Wilson has lived in city commissioner, mayor and Brunswick for decades, worked in several city departments and served as mayor for two terms in the 1990s.

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October 4, 2011

FIC Joins Forces with Garda Investigative Services (GIS)

To our valued clients: As the President of FIC, I’m pleased to inform you that we have recently joined forces with Garda Investigative Services (GIS), the investigative services division of Montréal-based security giant, Garda.

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August 7, 2011

Eric Berke Shared His Thoughts with Global M&A Network

Eric Berke shared his thoughts with Global M&A Network on the drivers of Canadian M&A and PE deals, the advantage of having strong relationships in sourcing quality deals, the importance of developing value creation theses during the due diligence process, the potential to unlock value in carve-out” situations, as well as on what Limited Partners are looking from their General Partners in 2011.

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August 1, 2011

Claimspro Inc. Completes Acquisition of Brouwer Claims Canada

Toronto – ClaimsPro Inc., Canada’s leading independent adjusting company, is pleased to announce that it has completed the acquisition of Brouwer Claims Canada & Co. Ltd. , a Vancouver-based independent adjusting firm that has been servicing Canadian clients for over twenty-five years.

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June 14, 2011

ClaimsPro Acquires Vancouver-based Adjusting Firm

ClaimsPro Inc. has inked a deal to acquire Brouwer Claims Canada, a Vancouver-based independent adjusting firm that has been servicing Western Canada for over 25 years.

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June 12, 2011

Global Traffic Technologies Names Minnesota Congressman Jim Oberstar Senior Strategic Advisor

GTT – a worldwide leader in emergency vehicle preemption (EVP) and transit signal priority (TSP) systems – today announced the appointment of Jim Oberstar, as Senior Strategic Advisor.

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March 30, 2011

Lower-Middle Men

On a recent trip to Toronto, Graham Winfrey spoke with two Canadian fund managers who (happily) consider their target markets uninteresting to other GPs.

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February 23, 2011

Belzberg on Business News Network

Senior Managing Partner, Brent Belzberg, Discusses Alternative Investing on Business News Network.

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January 24, 2011

GTT Receives 2010 Tekne Award

Global Traffic Technologies, LLC Receives IT-Software & Hardware, Communications AND Infrastructure Award at the 2010 Tekne Awards .

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January 24, 2011

4Refuel Canada LP Announces the Appointment of John Gleason as President and CEO

Canadian Business Success Story: a home-grown fuel distributor transforms itself into a national energy player; enters the US, secures powerful equity partner, pursues acquisition targets and hires a new CEO away from an industry behemoth.

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December 21, 2010

Pinova Holdings Acquires LyondellBasell Flavors & Fragrances, LLC

Pinova Holdings, Inc. (“Pinova Holdings”), the parent company of Pinova, Inc. (“Pinova”), today announced that it has acquired LyondellBasell Flavors & Fragrances, LLC (“LBFF”) from LyondellBasell.

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October 3, 2010

TorQuest Partners Sells Majority Interest in DayMen Photo Marketing LP

Brockway Moran & Partners, a Florida-based private equity firm, announced today that it has acquired TorQuest Partners’ majority interest in DayMen Photo Marketing LP (“DayMen” or the Company”) in partnership with the current management team.

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October 3, 2010

TorQuest Wraps First Fund With LowePro Sale

Toronto-based private equity firm TorQuest Partners has the final numbers for its first fund, which is wrapping up with the sale of the final portfolio company, and it was a good outing.

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August 2, 2010

TorQuest Gets Busy With Second Deal in a Month

The firm, which runs $700-million, is taking a stake in SCM Insurance Services of Edmonton, which bills itself as the largest independent insurance claims manager in the country, with 120 branches and 1,400 employees.

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August 2, 2010

TorQuest Partners Invests In SCM Insurance Services Inc.

TorQuest Partners and SCM Insurance Services Inc announced today that TorQuest has made a significant equity investment in SCM.

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July 4, 2010

Torquest Partners Invests In 4Refuel Canada LP

TorQuest Partners announced today that it has made a significant equity investment in Canada’s largest fuel management company, 4Refuel Canada LP, and will partner with management to drive the long-term growth of the business.

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March 3, 2010

2009 Canadian Dealmakers Awards

Canada’s Venture Capital & Private Equity Association, in conjunction with Canadian Dealmakers, in conjunction with Canadian Dealmakers is pleased to announce that CPP Investment Board is the recipient of the 2009 Canadian Dealmakers Private Equity Award and TorQuest Partners is the recipient of the 2009 Canadian Dealmakers Mid Market Private Equity Award.Both companies are long standing members of the CVCA.

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January 27, 2010

TorQuest Partners Completes Acquisition of Pinova Rosin and Terpene Resins Business from Ashland Inc

Brunswick, Georgia and Toronto, Ontario – TorQuest Partners, a leading Canadian private equity fund manager, announced today that it has completed the acquisition of Ashland Inc.‘s (NYSE: ASH) rosin and terpene resins business. 

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December 14, 2009

TorQuest: Deep Industry Expertise and Proven Record of Growth

TorQuest’s principals have completed 15 investments in the chemicals sector over a 20 year period and have purchased over 10 divisions from large corporations.

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November 11, 2009

TorQuest Partner Announcement

Toronto, Ontario – During the past 18 months we have worked hard to guide our portfolio companies through the recession and help them build value in a difficult business environment.

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February 17, 2009

TorQuest Partners and Cameron Capital Invest in Herbal Magic

TorQuest Partners and Cameron Capital announced today that they have each made a new investment in Herbal Magic Inc., Canada’s largest franchisor and operator of commercial weight loss centres.

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February 17, 2009

FirstOnSite Acquires Calgary Disaster Restoration Firm

Toronto based, FirstOnSite Restoration L.P. announced today that it has acquired Calgary-based Servpro Disaster Restoration, a Calgary based company with 44 years of experience as a restoration provider.

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December 2, 2008

FirstOnSite Acquires Operations in Eastern Ontario

Toronto: FirstOnSite Restoration L.P. announced today that it has acquired General Maintenance Contractors, the leading disaster restoration firm in Eastern Ontario with offices in Belleville, Kingston, Brockville, and Bancroft. 

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November 3, 2008

FirstOnSite Acquires Operations in Alberta and Northern Ontario

Toronto, Ontario – FirstOnSite Restoration L.P. announced today that it has acquired Spring Fresh Cleaning & Restoration Canada Inc. of Grande Prairie, Alberta and Airkem Damage Restoration Services of Sault Ste. Marie, Ontario.

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August 6, 2008

FirstOnSite Acquires Operations in Prince Edward Island and New Brunswick

Toronto, Ontario – FirstOnSite Restoration L.P. announced today that it has acquired Ezi-Way Cleaning Services Ltd. of Charlottetown, Prince Edward Island and Ezi-Way Disaster Kleenup (Moncton) Ltd. of Moncton, New Brunswick.

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June 23, 2008

Lowepro, Camera Armor and Always-On Join Forces

Markham, Ontario – In a recent release, DayMen Photo Marketing announced that it will distribute Camera Armor and Always-On, protection equipment for digital cameras.

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April 23, 2008

Lowepro | Acme Made Joins Lowepro Family

Market leaders in protective gear for imaging and technology products align; will design and market cases and backpacks to match any style from Hollywood to the Himalayas.

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April 20, 2008

Forbes, Greening the Traffic Lights

Traffic signal preemption lets buses glide through cities, saving time and energy – and, perhaps, the atmosphere.

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September 30, 2007

FirstOnSite Acquires Operations in Quebec

Toronto, Ontario – FirstOnSite announced today that it has acquired Rosco Enterprises of Dorval, Quebec, the largest emergency response and restoration business in Quebec.

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July 31, 2007

EW Disaster Kleenup makes three acquisitions to expand its presence

Toronto, Ontario – EW Disaster Kleenup Canada L.P. announced today that it has acquired three more emergency response and restoration businesses, one in Northern Ontario, one in Manitoba and one in Nova Scotia.

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June 27, 2007

TorQuest Partners Acquires Priority Control and Traffic Detection Businesses from 3M

Toronto, Ontario – TorQuest Partners, along with members of the senior management team of the businesses, announced today it has completed the acquisition of 3M’s Opticom Priority Control Systems and Canoga Traffic Detection businesses.

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May 14, 2007

TorQuest Partners Takes Associated Brands Income Fund Private

Toronto, Ontario – TorQuest Partners announced today that it has acquired all of the operating subsidiaries of Associated Brands Income Fund (TSX: ABF.UN), leading North American manufacturer of private-label dry blend food products.

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May 7, 2007

TorQuest Acquires Operating Business of Associated Brands Income Fund

Toronto, Ontario – Associated Brands Income Fund (the Fund”) (TSX:ABF.UN – News) announced today that it has completed the previously announced sale of the Fund’s operating subsidiaries to a wholly-owned subsidiary of a fund managed by an affiliate of TorQuest Partners Inc. (“TorQuest”).

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March 2, 2007

Merger Creates Cleanup Giant

Woodhouse Contracting Ltd. in Kitchener has merged with Edenvale Restoration Specialists Ltd. of Abbotsford, B.C., to create the biggest independent disaster restoration company in Canada.

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February 11, 2007

National Post: TorQuest Set to Take Associated Private

Not seen as catalyst for other trust takeovers.

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January 30, 2007

TorQuest Partners Acquires a Majority Ownership Position in EW Disaster Kleenup L.P.

Acquisition of two of Canada’s leading independent disaster restoration providers

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November 1, 2006

TorQuest Corrals Herbal Magic

In a deal that marks its first investment in the franchising business, TorQuest Partners Inc. acquired Canadian weight-loss chain Herbal Magic ULC from Trivest Partners LP, which announced the transaction Thursday.

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October 26, 2006

TorQuest Partners Acquires Herbal Magic

Toronto: TorQuest Partners announced today that it has acquired Herbal Magic, ULC (“Herbal Magic”), Canada’s largest operator of commercial weight loss centers from Trivest Partners, L.P. a U.S. based private equity firm.

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May 18, 2006

TorQuest Raises $491 Million

TorQuest Partners Inc., a middle-market private equity firm based in Toronto, has raised C$550 million ($490.7 million) with its second fund.

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May 16, 2006

Canada’s TorQuest Partners Closes Second Private Equity Fund on $550m

Canadian private equity firm TorQuest Partners has closed its second fund, TorQuest Partners Fund II, on Can$550m.

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May 1, 2006

TorQuest Partners Completes Sale of CNC Global Limited to Vedior North America

Vedior North America acquires Canada’s Leading IT staffing firm, CNC Global Limited. Acquisition bolsters Vedior NA’s position in the North American IT staffing industry.

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November 13, 2005

TorQuest Partners Invests $10 Million in Associated Brands

Associated Brands announces completion of $11.75 million exchangeable debenture offering and revised credit agreement, third quarter 2005 results and distribution reduction also announced.

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July 4, 2005

Torquest Acquires Majority Ownership Position in Daymen

DayMen Photo Marketing Ltd. and TorQuest Partners Today Announced the Acquisition by Torquest of a Majority Ownership Position in Daymen’s World-Wide Operations. 

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February 13, 2005

CNC Global Limited continues to grow with acquisition of Anjura Technology Corporation

Toronto, Ontario – CNC Global Limited continues to grow with acquisition of Anjura Technology Corporation Deal makes CNC Global the country’s largest provider of IT staffing solutions.

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January 17, 2005

CNC Global Steps Into the Winner’s Circle

Toronto, Ontario – CNC Global has been named one of Canada’s 50 Best Managed Companies in the well-known awards program sponsored by Deloitte, CIBC Commercial Banking, National Post and Queens School of Business.

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December 9, 2004

Another Income Fund’s Roots Lead to Belzberg: TorQuest Key Shareholder in Grandby Steel Tanks

This week, the initial public offering of Grandby Industries Income Fund was priced.

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July 11, 2004

CNC Global Limited Acquired by TorQuest Partners Inc.

Toronto, Ontario – Deal sets stage for growth in expanding staffing services market.

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January 19, 2004

Granby Steel Tanks Acquires Assets of Kamco Products Limited

Granby Steel Tanks, North America’s leading manufacturer of high quality steel storage tanks to the North American heating, air conditioning and plumbing market, has entered into an agreement to acquire the assets of Kamco Products Limited.

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July 10, 2003

A.M. Best Upgrades Rating of Gerling Canada Insurance Company

Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Gerling Canada Insurance Company (Ontario), which will be known as GCAN Insurance Company in the near future. The rating outlook is stable.

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July 7, 2003

Opportunity Knocked, TorQuest Answered

Three months back, buying a financial services company was probably the farthest thing from the mind of TorQuest Partners, a Toronto-based manager of private-equity funds.

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June 30, 2003

Canadian Financial Investors Acquire Gerling Insurance Group’s Canadian Insurance Operations

Toronto, Ontario – TorQuest Partners Inc., Newport Partners Inc., CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce, and company senior management (“the Investors”) announced today that they have acquired Gerling Canada Insurance Company.

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March 18, 2002

Belzberg is Back, Running a Buyout Fund

About six months after wrapping up the sale of Harrowston Inc. – a cash rich, publicly listed management company that was acquired by TD Capital Partners last year – Brent Belzberg is back.

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November 3, 2020

TorQuest Partners and Caisse de dépôt et placement du Québec Announce Investment in Barrette Outdoor Living

Québec, Ontario and Middleburg Heights, Ohio – November 3, 2020 – TorQuest Partners (“TorQuest”) and Caisse de dépôt et placement du Québec (“CDPQ”) today announced a majority investment in Barrette Outdoor Living Inc. (“BOL” or the Company”), North America’s leading manufacturer of wood-alternative fence and railing products. TorQuest and CDPQ are partnering in this transaction with BOL’s owner, Les Entreprises Barrette Ltée, who will retain a significant minority interest in the Company, and BOL’s management team, led by CEO Jean desAutels. Terms of the transaction were not disclosed.

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December 16, 2020

TorQuest Partners Announces Acquisition of VersaCold Logistics Services

Toronto, Ontario – December 16, 2020 — TorQuest Partners (“TorQuest”) today announced it has completed the acquisition of VersaCold Logistics Services (“VersaCold” or the Company”), one of Canada’s leading cold storage warehousing and food logistics companies, from KingSett Capital and Ivanhoe Cambridge. TorQuest is partnering on this transaction with The Investment Management Corporation of Ontario (“IMCO”) and OPTrust to support the Company’s continued growth. Terms of the transaction were not disclosed.

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December 4, 2020

Polycor to Acquire North Carolina Granite Corporation

QUEBEC CITY – (BUSINESS WIRE) – Polycor Inc., the largest quarrier of natural stone in the world, today announced it has reached an agreement to acquire North Carolina Granite Corporation (“NCGC”), a leading quarrier and producer of granite for the construction, curbing and aggregate industries.

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April 7, 2021

TorQuest Partners Announces Investment in Onyx-Fire

Mississauga, ON – April 7, 2021 – TorQuest Partners (“TorQuest”) is pleased to announce that it recently completed a controlling equity investment in Onyx-Fire Protection Services Inc. (“Onyx” or the Company”), partnering with Onyx’s management team to drive the next chapter of growth for the Company. Terms of the transaction were not disclosed.

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July 13, 2021

How Canada Can Get Back Some of its Former Glory as a Maker of Things the World Wants to Buy

(FINANCIAL POST) – Kevin Carmichael: Canada’s desire to re-establish itself as an automotive power short on key ingredient: manufacturing talent.

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July 21, 2021

Barrette Outdoor Living’s® 2020 ESG Report Highlights Company’s Significant Sustainability Initiatives

GALLOWAY, NJ – July 20, 2021 – (PRNewswire) – Barrette Outdoor Living released its 2020 Environmental, Social and Governance (ESG) Report — an inaugural issue recapping the company’s significant initiatives in these areas.

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July 30, 2021

VersaCold Logistics Services Announces Acquisition of Strategic Real Estate Portfolio

Toronto, Ontario – July 29, 2021 – VersaCold Logistics Services (“VersaCold”) is pleased to announce that it has completed the acquisition of a strategic portfolio of cold storage warehouse assets from H&R Real Estate Investment Trust (TSX: HR.UN) and Crestpoint Real Estate Investments Ltd. Terms of the transaction were not disclosed.

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October 1, 2021

Barrette Outdoor Living Announces Acquisition of Madden Manufacturing

CLEVELAND, OHIO (October 1, 2021) — Barrette Outdoor Living, Inc., the nation’s leading provider of outdoor living products, announces today the acquisition of Madden Manufacturing Company of Missouri (“Madden Manufacturing”), a manufacturer of railing products for the do-it-yourself homeowner and professional contractors based in Lake Ozark, Missouri.

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October 12, 2021

Barrette Outdoor Living Announces Acquisition of National Vinyl Products

Cleveland, Ohio (October 12, 2021) — Barrette Outdoor Living, Inc., the nation’s leading provider of outdoor living products, announces today the formation of a new partnership with National Vinyl Products (NVP), a family-owned and operated vinyl fence and railing manufacturer based in Nephi, Utah.

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November 30, 2021

TorQuest Partners Announces Acquisition of North West Rubber

Toronto, Ontario – November 30, 2021 – TorQuest Partners (“TorQuest”) is pleased to announce that it has completed the acquisition of North West Rubber Ltd. (“NWR” or the Company”), a leading manufacturer and distributor of recycled and virgin rubber matting and other flooring products.

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November 18, 2021

Cast & Crew Signs Definitive Agreement to Acquire The TEAM Companies’

BURBANK, Calif. — Nov. 18, 2021 — Cast & Crew, a leading international provider of mission-critical software and technology-driven services to the entertainment industry, today announced it has signed a definitive agreement to purchase The Team Companies (“TEAM”), a payroll and production management solutions company servicing the advertising, music and concert tours and live events industries. This transaction brings together two companies with the shared mission of digitizing, automating, and simplifying the experience of creating entertainment content. Terms of the transaction were not disclosed. 

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February 17, 2022

TorQuest Partners Forms Continuation Vehicle to Support Continued Growth of Can Art

Toronto, Ontario – February 17, 2022 – TorQuest Partners (“TorQuest”) announced today the closing of a continuation fund vehicle in connection with the acquisition of Can Art Aluminum Extrusion (“Can Art”), a leading North American provider of complex aluminum extrusions for transportation, electrification, building and construction and other diverse end markets.

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February 16, 2022

Kamik Appoints Industry Veteran, Gillian Meek, as New CEO

MONTREAL–(BUSINESS WIRE)–Kamik announces a new member joining its extended family with the hiring of Gillian Meek as the new CEO. Family-owned and operated in Canada for over 120 years, the move marks an exciting new venture for the brand as it continues to grow its heritage into the future.

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April 4, 2022

TorQuest Partners Announces an Investment in Johnvince Foods

Toronto, Ontario – April 4, 2022 – TorQuest Partners (“TorQuest”) is pleased to announce that it has completed an investment in Johnvince Food Group Inc. (“Johnvince” or the Company”), a leading processor and distributor of snack nuts, confectionary, dried fruit, and other related products.

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April 13, 2022

Lineage Logistics Broadens North American Network with Acquisition of VersaCold Logistics Services from TorQuest Partners

Novi, MI – Lineage Logistics, LLC (“Lineage” or the Company”), one of the world’s leading and most innovative temperature-controlled industrial REITs and logistics solutions providers, today announced it has signed a definitive agreement to acquire VersaCold Logistics Services (“VersaCold”), a leading cold chain solution provider in Canada, from TorQuest Partners (“TorQuest”) and its co-investment partners, The Investment Management Corporation of Ontario (“IMCO”) and OPTrust. Financial terms of the transaction were not disclosed.

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April 4, 2022

Bartek Announces Construction of the World’s Largest Malic and Fumaric Acid Facility

STONEY CREEK, Ontario–(BUSINESS WIRE)–Bartek Ingredients has commenced construction of a state-of-the-art, vertically integrated facility that will become the world’s largest malic and food-grade fumaric acid production plant. When completed in Q4 2023, the $160 million project will double Bartek’s capacity and cement the company’s position as the global leader in malic and fumaric acid.

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May 3, 2022

Birch Hill and Investissement Quebec Partner With Polycor Management to Acquire World Leading Natural Stone Quarrier

Québec City, QC; May 4, 2022 — Birch Hill Equity Partners and Investissement Québec announced today that they have acquired Polycor Inc. in partnership with the company’s management from TorQuest Partners and its co-investors, Wynnchurch Capital, and PNC Mezzanine Capital. Polycor is the largest quarrier of natural stone in the world. The transaction, which closed on April 29, 2022, will support the continued growth of Polycor in Québec and across its global operations.

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June 7, 2022

Kamik CEO Gillian Meek Talks Leadership Tactics, Sustainability & More

Gillian Meek’s latest career move is taking her back to familiar territory. A native of Canada, Meek joined Montréal-based Kamik in February after previously serving as president of Keds. She is now focused on capitalizing on the family-owned company’s made-in-America heritage and sustainability story to build a year-round business.

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June 3, 2022

CRH acquires Barrette Outdoor Living Inc. from TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ)

CRH plc, the global leader in building materials solutions, announces that it has reached an agreement with TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ) to acquire Barrette Outdoor Living, Inc. (“Barrette”), North America’s leading provider of residential fencing and railing solutions for an enterprise value of $1.9 billion1, representing an acquisition multiple of c.10x EBITDA pre-synergies. 

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July 11, 2022

TorQuest Partners and Caisse de dépôt et placement du Québec complete the sale of Barrette Outdoor Living to CRH

CLEVELAND, OH – July 11, 2022 – TorQuest Partners (“TorQuest”), Caisse de dépôt et placement du Québec (“CDPQ”), Les Entreprises Barrette Ltée, management and co-investors successfully completed the previously announced sale of Barrette Outdoor Living, Inc. (“Barrette”), North America’s leading provider of residential fencing and railing solutions, to CRH plc for an enterprise value of $1.9 billion.

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July 20, 2022

Alberta Investment Management Corporation Acquires 100% Stake in Cando Rail & Terminals from TorQuest Partners and Cando Employees

July 20, 2022

BRANDON, MB — TorQuest Partners (“TorQuest”) and Alberta Investment Management Corporation, on behalf of certain of its clients, (“AIMCo”) today announced the signing of a definitive agreement that would see AIMCo acquire a 100% equity stake in Cando Rail & Terminals Ltd. (“Cando” or the Company”), one of North America’s largest owners and operators of first and last mile rail infrastructure.

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August 3, 2022

Lineage Logistics acquires VersaCold Logistics Services from TorQuest

NOVI, Mich. — Lineage Logistics, LLC (“Lineage” or the Company”), one of the world’s leading and most innovative temperature-controlled industrial REITs and logistics solutions providers, today announced it has closed the acquisition of VersaCold Logistics Services (“VersaCold”).

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November 2, 2022

Cornell Capital and TorQuest Partners Announce Investment in S.i. Systems

CALGARY, TORONTO and NEW YORK, November 2, 2022 – Cornell Capital LLC (“Cornell Capital” or Cornell”), a private equity firm based in New York and Hong Kong, and TorQuest Partners (“TorQuest”), one of Canada’s leading private equity firms, today announced that they have completed an investment in S.i. Systems ULC (“the Company”), Canada’s largest information technology staffing company. Terms of the transaction were not disclosed. 

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November 15, 2022

SIA Announces Global Power 150 – Women in Staffing for 2022, Honouring Leonie Tyler of S.i. Systems

Mountain View, California – November 15, 2022 – Staffing Industry Analysts (SIA), the global research and advisory firm focused on staffing and workforce solutions, has announced its 2022 list of the Global Power 150 – Women in Staffing. In its eighth year, this annual list recognizes women for their outstanding efforts and achievements in elevating the workforce solutions ecosystem.

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January 12, 2023

Bartek Breaks Ground on World’s Largest Malic and Fumaric Acid Facility

STONEY CREEK, ON, Jan. 12, 2023 — Today Bartek Ingredients, the global leader in malic and food-grade fumaric acids, held a groundbreaking ceremony to celebrate the construction of its new state-of-the-art production facility. Once complete, the facility will be the world’s largest and most technologically advanced malic and food-grade fumaric acid production plant.

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April 17, 2023

American Track Acquires Universal Rail Services and Establishes North American Rail Solutions

FORT WORTH, TX / April 17, 2023 / As a leading provider of inspection, maintenance, repair and specialized construction services for railroad infrastructure in the United States, American Track Services (“ATS”) is proud to announce the acquisition of Universal Rail Systems (“URS”) in Canada and the creation of a new parent company, North American Rail Solutions.

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May 23, 2023

Brent Belzberg to Receive Honorary Degree from Queen’s University

MAY 23, 2023 // Queen’s Gazette

Queen’s is preparing for convocation ceremonies in May and June to celebrate graduating students and recognize the contributions of 10 honorary degree recipients.

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September 6, 2023

TorQuest Partners Announces Investment in Brimich Logistics

Investment Will Support the Company’s Growth in Southern Ontario.

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October 3, 2023

S.i. Systems Acquires Elign Consulting

Transaction to Support Company’s Long-Term Geographic Expansion Objectives

First U.S. Acquisition Positions Company for Continued Growth in North America

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December 15, 2023

TorQuest Partners Holds Final Closing for Fund VI

TORONTO, ONTARIO, DECEMBER 15, 2023 – TorQuest Partners, a Toronto-based private equity firm founded in 2002, today announced the final closing of TorQuest Partners Fund VI, with $2.1 billion of committed capital from external investors.

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July 10, 2024

TorQuest Partners successfully completes sale of Onyx-Fire Protection Services

Mississauga, Ontario – July 10, 2024 – TorQuest Partners (“TorQuest”) announces that it has completed the sale of Onyx-Fire Protection Services (“Onyx-Fire” or the Company”). Onyx-Fire is Canada’s leading independent provider of fire and life safety services. The Company provides critical fire protection services including testing, inspection, repair, retrofit, upgrade, and installation services to ensure that its customers are safe and compliant with stringent regulatory and insurance-related fire safety standards.

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July 15, 2024

TorQuest Partners acquires Mevotech L.P. from Penfund

Toronto, Ontario – July 15, 2024 – TorQuest Partners (“TorQuest”) is pleased to announce that it has completed the acquisition of Mevotech L.P. (“Mevotech” or the Company”) from funds managed by Penfund Management Limited (“Penfund”). Ezer Mevorach will continue to be the CEO and a member of the board. Terms of the transaction were not disclosed.

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October 17, 2024

A&W Revenue Royalties Income Fund and A&W Food Services of Canada Announce Successful Closing of Combination Transaction

VANCOUVER, BC, Oct. 17, 2024 — A&W Revenue Royalties Income Fund (the Fund”) and A & W Food Services of Canada Inc. (“A&W Food Services”) are pleased to announce the successful closing of the strategic combination (the Transaction”) between the Fund and A&W Food Services to create a leading publicly traded growth-focused quick-service restaurant (“QSR”) franchisor (“A&W Food Services NewCo”). A&W Food Services NewCo offers a compelling new investment opportunity supported by a more conventional capital structure that can be leveraged to finance growth initiatives. With this transaction complete, shareholders will have the opportunity to fully capitalize on the many catalysts driving this Canadian success story while continuing to benefit from the experience and track record of the current leadership team and attractive quarterly dividend.

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February 21, 2025

Accounting student profits from transformational’ co-op experience

Nathan Ofori-Nti, a fourth-year Accounting co-op student at Brock, gained valuable hands-on experience through work terms at Twenty First Financial, PricewaterhouseCoopers and TorQuest, paving the way for his successful career in finance and accounting.

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