TorQuest Partners Acquires Mevotech L.P. from Penfund
July 15, 2024
TorQuest Partners has acquired Mevotech L.P., a Toronto-headquartered maker of driveline, steering and suspension parts for the North American auto aftermarket, from funds managed by Penfund Management Limited. Ezer Mevorach will remain CEO and the terms were not disclosed; the deal is TorQuest’s first investment from Fund VI and is intended to support Mevotech’s next phase of growth.
- Buyers
- TorQuest Partners
- Targets
- Mevotech L.P.
- Sellers
- Funds managed by Penfund Management Limited
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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