TorQuest acquires Canada cold storage giant VersaCold
Private equity firm partners with pension funds IMCO and OPTrust 867 1 minute read VersaCold has a fleet of over 500 trucks in addition to over 30 cold storage facilities across Canada. (Photo: VersaCold Logistics Services)
Private equity firm TorQuest Partners has acquired VersaCold Logistics Services, one of Canada’s largest cold storage and logistics companies, in a deal that reflects the strong growth opportunities in the Canadian market.
Toronto-based TorQuest, in partnership with the Canadian pension funds Investment Management Corporation of Ontario (IMCO) and OPTrust, purchased VersaCold from KingSett Capital and Ivanhoe Cambridge. The price and terms were not disclosed for the transaction, which was announced on Wednesday.