TorQuest closes sale of Kissner Milling to Metalmark-led consortium
Canadian private equity firm TorQuest Partners has completed its previously announced sale of a majority stake in Kissner Milling Co Ltd, a producer and distributor of bulk rock salt and specialty deicing products. The buyer was an investor group led by Metalmark Capital and that included Demetree Salt LLC and Kissner’s management team. TorQuest acquired the Cambridge, Ontario-based company in 2013 and recapitalized its balance sheet last year. In partnership with Kissner's management, it also made a number of operational improvements to the business. Based in Toronto, TorQuest is currently investing from TorQuest Partners Fund III, which closed at $535 million in September 2013.
15 May 2015•3 mins read
