TorQuest Partners sells traffic control platform GTT to Gilbarco

Canadian mid-market private equity firm TorQuest Partners has sold Global Traffic Technologies LLC (GTT) to Gilbarco Inc for an undisclosed amount. St. Paul, Minnesota-based GTT is a provider of priority traffic control solutions for public transit and emergency vehicles. Formerly a business division of U.S. conglomerate 3M, GGT was acquired by TorQuest in a carve-out deal in June 2007. In subsequent years, TorQuest invested in the growth and development of the standalone company. Earlier this week, TorQuest invested in marine transport company McKeil Marine Ltd, the final investment of TorQuest Partners Fund III.

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