TorQuest invests in marine transport company McKeil Marine
Canadian private equity firm TorQuest Partners has invested in McKeil Marine Ltd, a Hamilton, Ontario-based provider of marine transportation and project services across the Great Lakes, St. Lawrence Seaway, East Coast and the Canadian Arctic. No financial terms were disclosed. McKeil, which is celebrating its 60th anniversary, said the deal will support its continued growth. It also announced that long-serving executive Steve Fletcher has been appointed president and CEO. McKeil is the eighth investment of TorQuest Partners Fund III. It follows last month's acquisition by TorQuest of natural stone producer Polycor Inc. In June, the firm closed its fourth fund at $925 million.
25 October 2016•3 mins read
