TorQuest Partners invests in The TEAM Companies
Canadian private equity firm TorQuest Partners has made an undisclosed investment in The TEAM Companies Inc, a Los Angeles, California-based payroll, business affairs and technology provider to the advertising and entertainment communities. With the deal, CEO Gerry Schwartz, who founded TEAM in 1992, will retire and transition his role to COO Justin Kramer. Schwartz will remain a minority investor and advisor. Kramer said the partnership with TorQuest will focus on continuing the company's existing growth strategy. TEAM, which has an office in Toronto, is the third platform investment of TorQuest Partners Fund IV, which last year raised $925 million.
6 November 2017•3 mins read
