M&A Deal Summary

TorQuest Acquires North West Rubber

On November 30, 2021, private equity firm TorQuest acquired building materials company North West Rubber

Acquisition Highlights
  • This is TorQuest’s 4th transaction in the Building Materials sector.
  • This is TorQuest’s 29th transaction in Canada.
  • This is TorQuest’s 5th transaction in British Columbia.

M&A Deal Summary
Date 2021-11-30
Target North West Rubber
Sector Building Materials
Buyer(s) TorQuest
Deal Type Buyout (LBO, MBO, MBI)

Target

North West Rubber

Abbotsford, British Columbia, Canada
North West Rubber is a manufacturer and distributor of recycled and virgin rubber matting and other flooring products. North West Rubber was founded in 1968 and is based in Abbotsford, 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 37 of 41
Sector (Building Materials) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (British Columbia) 5 of 5
Country (Canada) 29 of 33
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Trailcon

Brampton, Ontario, Canada

Trailcon is a lessor of transportation trailers in Canada, offering lease, rental, and maintenance services. Trailcon serves a high-quality customer base who deliver goods across Canada. Trailcon was formed in 1992 and is based in Brampton, Ontario.

Buy -
Mergr

Product

Company

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