M&A Deal Summary

TorQuest Acquires A&W Food Services

On February 23, 2018, private equity firm TorQuest acquired franchising company A&W Food Services

Acquisition Highlights
  • This is TorQuest’s 1st transaction in the Franchising sector.
  • This is TorQuest’s 20th transaction in Canada.
  • This is TorQuest’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2018-02-23
Target A&W Food Services
Sector Franchising
Buyer(s) TorQuest
Deal Type Special Situations/Distressed

Target

A&W Food Services

Vancouver, British Columbia, Canada
A&W Food Services is a franchisor of Canada’s second-largest quick service burger chain. The Company has established A&W as one of Canada’s most longstanding, recognizable and widespread restaurant brand names, and one of the most sought-after franchise concepts in Canada. A&W Food Services is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

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 25 of 41
Sector (Franchising) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (British Columbia) 2 of 5
Country (Canada) 20 of 33
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 Team

Burbank, California, United States

Team provides a comprehensive suite of payroll, production management, and business affairs solutions to assist in the conception, production, and execution of advertising and entertainment projects ranging from commercial video content and fashion photography to music recording and concert tours. Team was founded in 1992 and is based in Burbank, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Thinking Capital

Montreal, Quebec, Canada

Thinking Capital Corp. is a financial technology company that provides financing to small and medium-sized enterprises (SME).

Sell -
Mergr

Product

Company

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