TorQuest makes Can Art debut investment of $925 mln Fund IV
Canadian private equity firm TorQuest Partners has acquired Can Art Aluminum Extrusion Inc, a Brampton, Ontario-based producer of aluminum extrusions. No financial terms were released. Established in 1988, Can Art makes aluminum extrusions as inputs into products used in North American automotive, building and construction, and consumer durable applications, among others. TorQuest Managing Partner Eric Berke said the deal is the first of TorQuest Partners Fund IV, which raised $925 million in June. In October, PE Hub Canada interviewed Berke and Senior Managing Partner Brent Belzberg about Fund IV and TorQuest's other 2016 deals, including McKeil Marine Ltd and PolyCor Inc.
20 December 2016•3 mins read
