M&A Deal Summary

TorQuest Acquires Can Art Aluminum Extrusion

On December 20, 2016, private equity firm TorQuest acquired building materials company Can Art Aluminum Extrusion

Acquisition Highlights
  • This is TorQuest’s 2nd transaction in the Building Materials sector.
  • This is TorQuest’s 18th transaction in Canada.
  • This is TorQuest’s 10th transaction in Ontario.

M&A Deal Summary
Date 2016-12-20
Target Can Art Aluminum Extrusion
Sector Building Materials
Buyer(s) TorQuest
Deal Type Buyout (LBO, MBO, MBI)

Target

Can Art Aluminum Extrusion

Brampton, Ontario, Canada
Can Art Aluminum Extrusion is a North American manufacturer of aluminum extrusions. Can Art produces aluminum extrusions in a wide variety of custom and standard shapes, which are used as inputs by a diverse range of customers and end markets, including transportation, building and construction, electrical, consumer durables, and machinery and equipment, among others. Can Art Aluminum Extrusion is based in Brampton, Ontario.

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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 22 of 41
Sector (Building Materials) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 14
State (Ontario) 10 of 17
Country (Canada) 18 of 33
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 Global Traffic Technologies

St. Paul, Minnesota, United States

Global Traffic Technologies is a provider of traffic management technology to provide solutions that are deployed in 60,000 intersections and 30,000 vehicles in more than 1,500 cities worldwide including every U.S. state. Global Traffic Technologies was formed in 2007 and is based in St. Paul, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Rubicon Pharmacies

Regina, Saskatchewan, Canada

Rubicon owns and operates a network of retail pharmacies located in rural towns and neighborhood communities across Western Canada. Rubicon’s pharmacies serve as a critical component of the health care delivery system in these geographies. Rubicon was established as a succession vehicle for owners of independent pharmacies and operates across a broad range of retail pharmacy banners. Rubicon Pharmacies is based in Regina, Saskatchewan.

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