M&A Deal Summary

Terrapure Environmental Acquires Envirosystems

On June 29, 2018, Terrapure Environmental acquired environmental company Envirosystems from TorQuest

Acquisition Highlights
  • This is Terrapure Environmental’s 1st transaction in the Environmental sector.
  • This is Terrapure Environmental’s 1st transaction in Canada.
  • This is Terrapure Environmental’s 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2018-06-29
Target Envirosystems
Sector Environmental
Buyer(s) Terrapure Environmental
Sellers(s) TorQuest
Deal Type Add-on Acquisition

Target

Envirosystems

Dartmouth, Nova Scotia, Canada
Envirosystems, Inc. is a provider of industrial and environmental services, with a focus on technological innovation. Services include catalyst changeout, chemical cleaning, dredging, high pressure cleaning, hydro-excavation, mobile spent caustic treatment, waste disposal/treatment and vacuum services.

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Buyer(S) 1

Buyer

Terrapure Environmental

Burlington, Ontario, Canada
Category Company
Founded 2015
Sector Environmental
Revenue 365M CAD (2020)
DESCRIPTION

Terrapure Environmental is a provider of industrial waste management and resource recovery. The company provides services that minimize the waste produced by clients’ industrial processes and recycles used oil and metals products for resale. Terrapure Environmental was founded in 2015 and is based in Burlington, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nova Scotia) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1

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 17 of 26
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 7 of 12
State (Nova Scotia) 1 of 1
Country (Canada) 13 of 20
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 Maviro

Deer Park, Texas, United States

Maviro is a specialty industrial services company which serves North America’s oil & gas, petrochemical, utilities and natural gas industries. The company provides a range of industrial services including pigging and decoking, chemical cleaning, catalyst changeouts, laser services, vacuum cleaning and high-pressure cleaning. Maviro is based in Deer Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Sell -
Mergr

Product

Company

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