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M&A Deal Summary

TorQuest Acquires FirstOnSite Restoration

On February 1, 2007, private equity firm TorQuest acquired construction company FirstOnSite Restoration

Acquisition Highlights
  • This is TorQuest’s 1st transaction in the Construction sector.
  • This is TorQuest’s 6th transaction in Canada.
  • This is TorQuest’s 4th transaction in Ontario.
Investment Fate
  • FirstOnSite Restoration was sold to a strategic buyer in 2016.

M&A Deal Summary
Date 2007-02-01
Target FirstOnSite Restoration
Sector Construction
Buyer(s) TorQuest
Deal Type Consolidation

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

TorQuest

Toronto, Ontario, Canada

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 8 of 42
Sector (Construction) 1 of 2
Type (Consolidation) 1 of 1
State (Ontario) 4 of 18
Country (Canada) 6 of 34
Year (2007) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-26 Herbal Magic

Toronto, Ontario, Canada

Herbal Magic, Inc. is a chain of commercial weight loss centers. Herbal Magic provides an exclusive line of herbal supplements and weight management services. Herbal Magic weight loss programs combine one-on-one counseling, grocery store foods and supplement support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-15 Associated Brands

Mississauga, Ontario, Canada

Associated Brands LP is a manufacturer and supplier of private label packaged food products that sells to almost all of the 50 largest North American food retailers.

Buy -
Mergr

Product

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