Investment Summary

TorQuest Invests In Johnvince Foods

On April 15, 2022, private equity firm TorQuest invested in retailer Johnvince Foods

Investment Highlights
  • This is TorQuest’s 2nd transaction in the Retail sector.
  • This is TorQuest’s 31st transaction in Canada.
  • This is TorQuest’s 16th transaction in Ontario.

Investment Summary
Date 2022-04-15
Target Johnvince Foods
Sector Retail
Investor(s) TorQuest
Deal Type Growth Capital

Target

Johnvince Foods

Downsview, Ontario, Canada
website
Johnvince Foods is a retailer of bulk food products ranging from nuts, dried fruits, beans and peas, chocolates and candies, spices and herbs and so much more. Johnvince Foods was founded in 1975 and is based in Downsview, Ontario.

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Investor(S) 1

Investor

TorQuest

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.

DEAL STATS #
Overall 39 of 41
Sector (Retail) 2 of 2
Type (Growth Capital) 6 of 7
State (Ontario) 16 of 17
Country (Canada) 31 of 33
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 VersaCold Logistics Services

Vaughan, Ontario, Canada

VersaCold Logistics Services is a supply chain solutions company focused exclusively on the handling of temperature-sensitive food products. The company delivers a suite of fully integrated logistics services through its national network of industry-leading facilities, transportation fleet, and advanced technologies that set the benchmark for accessibility, information visualization, real-time tracking and inventory management. VersaCold was formed in 1946 and is based in Vaughan, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Polycor

Quebec, Quebec, Canada

Polycor is a dimensional stone company in North America, operating a network of quarries, manufacturing facilities, and retail stores. Polycor crafts custom stone blocks, slabs, tiles, mosaics, architectural stone, curbs, and landscaping products sold to diverse end markets. Polycor was founded in 1987 and is based in Quebec City.

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Mergr

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