M&A Deal Summary

TorQuest Partners Acquires Prepac

On March 14, 2019, private equity firm TorQuest Partners acquired furniture company Prepac

Acquisition Highlights
  • This is TorQuest Partners’ 1st transaction in the Furniture sector.
  • This is TorQuest Partners’ 23rd transaction in Canada.
  • This is TorQuest Partners’ 3rd transaction in British Columbia.

M&A Deal Summary

Date 2019-03-14
Target Prepac
Sector Furniture
Buyer(s) TorQuest Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Prepac

Delta, British Columbia, Canada
Prepac is a designer and manufacturer of affordable, high-quality RTA furniture. Prepac products are sold through online retailers across North America. Prepac was founded in 1979 and is based in Delta, British Columbia.

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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 29 of 45
Sector: Furniture M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 15
State: British Columbia M&A 3 of 5
Country: Canada M&A 23 of 36
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Bartek

Stoney Creek, Ontario, Canada

Bartek specialises in the production and distribution of malic acid and fumaric acid, specialty products that improve flavor profiles, food safety, and profitability in food and beverages, add nutritive benefits while displacing antibiotics in animal nutrition formulations and contribute to the quality, safety, and efficacy of industrial applications. Bartek was founded in 1969 and is based in Stoney Creek, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Joriki

Scarborough, Ontario, Canada

Joriki is a contract manufacturer of beverages for several major brands and private label retail customers. Joriki has an extensive range of beverage manufacturing and packaging capabilities, including hot-fill, cold-fill, and aseptic PET/carton lines across three strategically located Canadian facilities. Joriki is based in Scarborough, Ontario.

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