M&A Deal Summary

TorQuest Partners Acquires Athos Services Commemoratifs

On October 16, 2024, private equity firm TorQuest Partners acquired consumer services company Athos Services Commemoratifs from Walter Capital Partners and Credit Mutuel Equity

Acquisition Highlights
  • This is TorQuest Partners’ 2nd transaction in the Consumer Services sector.
  • This is TorQuest Partners’ 35th transaction in Canada.
  • This is TorQuest Partners’ 6th transaction in Quebec.

M&A Deal Summary

Date 2024-10-16
Target Athos Services Commemoratifs
Sector Consumer Services
Buyer(s) TorQuest Partners
Sellers(s) Walter Capital Partners
Credit Mutuel Equity
Deal Type Secondary Buyout
Advisor(s) McCarthy Tétrault (Legal)

Target

Athos Services Commemoratifs

Quebec City, Quebec, Canada
Athos Services Commémoratifs is a funeral services group that provides memorial, burial, cremation, and pre-arrangement services through its network of funeral homes and cemeteries. The Company serves families across Québec through brands including Urgel Bourgie, Lépine Cloutier, and Aeterna. Athos is headquartered in Québec City, Québec.

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Buyer(S) 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 STATS #
Overall 43 of 45
Sector: Consumer Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 9 of 9
State: Quebec M&A 6 of 6
Country: Canada M&A 35 of 36
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-15 Mevotech

Toronto, Ontario, Canada

Mevotech is a provider of steering, suspension, and driveline replacement components for the automotive aftermarket. Mevotech was founded in 1982 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-27 GlassRatner

Atlanta, Georgia, United States

GlassRatner specializes in complex business challenges. Its services include restructuring and turnaround management, forensic accounting and litigation support, engineering and construction consulting. GlassRatner was founded in 2001 and is based in Atlanta, Georgia.

Buy -

Seller(S) 2

DESCRIPTION

Walter Capital Partners is a private investment group focused on public and private company investments. Within private equity, Walter seeks direct investments in growth-oriented companies where it can work alongside management to pursue growth strategies. Walter Capital Partners is based in Westmount, Quebec.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Quebec M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Charcoal Group

Kitchener, Ontario, Canada

Charcoal Group operates restaurants and provides diners with a great culinary experience with beautifully crafted interiors and exteriors, a fantastic and carefully selected wine list and professional service. Charcoal Group was founded in 2003 and is based in Kitchener, Ontario.

Buy -
SELLER
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.


DEAL STATS #
Overall 36 of 39
Sector: Consumer Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 19 of 20
State: Quebec M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2024 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Pacovis

Stetten, Switzerland

Pacovis is a supplier dedicated to professionals in the food and catering industries. The company offers both food ranges (spices, seeds, flavorings, etc.) and non-food consumables (packaging, tableware or hygiene products). As a full-service provider, the company advises and supplies a very broad range of customers, ranging from snack stands to large-scale catering, from crafts and commerce to industry, retailers, cash & carry and wholesalers. Pacovis was founded in 1935 and is based in Stetten, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Ion Beam Services

Peynier, France

Ion Beam Services is a manufacturer of semiconductor thin film deposition benefits and ion implantation products and services. Ion Beam Services has brought together the expertise, tools and skills necessary to meet the diverse implementation needs of global customers. Ion Beam Services was founded in 1987 and is based in Peynier, France.

Sell -