Investment Summary

TorQuest Partners Invests In Cando Rail & Terminals

On November 8, 2018, private equity firm TorQuest Partners invested in infrastructure company Cando Rail & Terminals

Investment Highlights
  • This is TorQuest Partners’ 1st transaction in the Infrastructure sector.
  • This is TorQuest Partners’ 21st transaction in Canada.
  • This is TorQuest Partners’ 1st transaction in Manitoba.
Investment Fate
  • Cando Rail & Terminals was sold to a consortium of financial buyers in 2022.

Investment Summary

Date 2018-11-08
Target Cando Rail & Terminals
Sector Infrastructure
Investor(s) TorQuest Partners
Deal Type Growth Capital

Target

Cando Rail & Terminals

Brandon, Manitoba, Canada
Cando Rail & Terminals design, build, operate, finance, and maintain rail solutions. Cando Rail & Terminals provides Sophisticated tracking and analytics, inventory management, and scheduled maintenance programs. Cando Rail & Terminals was founded in 1978 and is based in Brandon, Manitoba.

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Investor(S) 1

Investor

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 27 of 45
Sector: Infrastructure M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 8
State: Manitoba M&A 1 of 1
Country: Canada M&A 21 of 36
Year: 2018 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Sell -
FOLLOWING 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.

Buy -