In its inaugural investment, TorQuest's Fund III leads recap of Kissner Milling
Canadian private equity firm TorQuest Partners has led the recapitalization of Kissner Milling Co Ltd, a manufacturer and distributor of bulk rock salt and ice melt products based in Cambridge, Ontario. TorQuest partnered in the deal with a group of co-investors, including U.S. private equity firms Silverhawk Capital Partners and GoldPoint Partners, the Bank of Montreal, Kissner majority shareholder Bill Zinger, and the company's senior management. The undisclosed transaction represents the inaugural investment of TorQuest Partners Fund III, which closed in Sept. 2013 at $535 million. Kissner, which is a vertically integrated business with two primary operations, Detroit Salt Co and Kissner Packaged Distribution, plans to use investment proceeds to finance organic and acquisition growth opportunities.
