Special Situations/Distressed • Franchising

TorQuest Partners Acquires A&W Food Services

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

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

Explore All 4 Special Situations/Distressed Franchising Deals - Search the Database Free


M&A Deal Summary

Date February 23, 2018
Target A&W Food Services
Sector Franchising
Buyer(s) TorQuest Partners
Deal Type Special Situations/Distressed

Target Company

A&W Food Services

North Vancouver, British Columbia, Canada
A&W Food Services is a franchisor of quick service burger chain. A&W Food Services was founded in 1956 and is based in North Vancouver, British Columbia.
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Buyer Overview 1

Buyer

TorQuest Partners

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 Context for Buyer #
Overall 25 of 45
Sector: Franchising 1 of 1
Type: Special Situations/Distressed 1 of 1
State: British Columbia 2 of 5
Country: Canada 20 of 36
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 -