M&A Deal Summary

Interstate Restoration Acquires FirstOnSite Restoration

On June 1, 2016, Interstate Restoration acquired construction company FirstOnSite Restoration from TorQuest

Acquisition Highlights
  • This is Interstate Restoration’s 3rd transaction in the Construction sector.
  • This is Interstate Restoration’s 1st transaction in Canada.
  • This is Interstate Restoration’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-06-01
Target FirstOnSite Restoration
Sector Construction
Buyer(s) Interstate Restoration
Sellers(s) TorQuest
Deal Type Add-on Acquisition

Target

FirstOnSite Restoration

Mississauga, Ontario, Canada
FirstOnSite Restoration L.P. is a provider of disaster restoration services in Canada to residential, commercial and industrial clients. FirstOnSite is a full service restoration provider with emergency and re-build expertise in water losses, wind damage, fire and smoke damage, sewer backup, document restoration, hurricane and tornado restorations, odour control, contents handling, drying, electronic repairs, mould remediation, asbestos remediation, petroleum spills and infection control.

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Buyer(S) 1

Buyer

Interstate Restoration

Fort Worth, Texas, United States
Category Company
Founded 1998
Sector Construction
DESCRIPTION

Interstate Restoration LLC is a full service emergency restoration and reconstruction firm.

DEAL STATS #
Overall 3 of 5
Sector (Construction) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Hawaii DKI

Waipahu, Hawaii, United States

Hawaii DKI is a provider of disaster response, restoration, and reconstruction services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 RESTORx of Texas

Farmers Branch, Texas, United States

RESTORx of Texas is a provider of disaster recovery and emergency response services.

Buy -

Seller(S) 1

SELLER

TorQuest

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

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 13 of 26
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 4 of 12
State (Ontario) 7 of 11
Country (Canada) 10 of 20
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Array Marketing

Toronto, Ontario, Canada

Array Marketing is a provider of in-store marketing services for the retailers and brand manufacturers. Array Canada is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 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.

Buy -
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