Delos-backed Interstate closes buy of TorQuest’s FirstOnSite
Interstate Restoration LLC has closed its acquisition of FirstOnSite Restoration LP, a Canadian disaster restoration services provider. No financial terms were released for the buy, which was announced in April. Fort Worth, Texas-based Interstate, backed by U.S. private equity firm Delos Capital, said the deal has made it the second-largest independent company in its industry. FirstOnSite, which was backed by TorQuest Partners, a Canadian private equity firm, will continue to operate under its name and remain headquartered in Mississauga, Ontario, Interstate said.
2 June 2016•2 mins read
