News from 2022

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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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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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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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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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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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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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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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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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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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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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