TorQuest acquires ready-to-assemble furniture maker Prepac
Canadian mid-market private equity firm TorQuest Partners has acquired Prepac Manufacturing Ltd, a Delta, British Columbia-based designer and maker of affordable, ready-to-assemble home furniture. No financial terms were disclosed. Founded in 1979 by Steve Simpson, Prepac sells its products exclusively through major online furniture retailers in North America. The company will continue to be run by senior management led by President Jim Mathison, all of whom partnered in the deal. Simpson will retain a significant interest and sit on the board. Prepac is the eighth platform investment of TorQuest Partners Fund IV, which raised $925 million in 2016.
14 March 2019•3 mins read
