Metalmark-led investor group to buy Kissner Milling from TorQuest
An investor group led by Metalmark Capital has agreed to acquire a majority stake in Kissner Milling Company Ltd, a Cambridge, Ontario-based producer and distributor of bulk rock salt and specialty deicing products. The sellers include Canadian mid-market private equity firm TorQuest Partners. The transaction's financial terms were not disclosed. In addition to Metalmark, Silvertree, a joint venture between Silverhawk Capital Partners and Demetree Salt LLC, and the company's management team participated in the acquisition, which is expected to close on May 15, 2015. Torys LLP provided legal advice to Kissner. Update: TorQuest led the recapitalization of Kissner in December 2013.
20 April 2015•4 mins read
