TorQuest Partners Acquires VersaCold Logistics Services
December 16, 2020
TorQuest Partners, together with co-investors The Investment Management Corporation of Ontario (IMCO) and OPTrust, completed the acquisition of VersaCold Logistics Services from KingSett Capital and Ivanhoé Cambridge. VersaCold's management (led by Mike Arcamone as CEO) rolled equity and will continue to operate the business as the new investors support growth of the company's temperature‑controlled warehousing and food logistics network in Canada.
- Buyers
- TorQuest Partners, The Investment Management Corporation of Ontario (IMCO), OPTrust
- Targets
- VersaCold Logistics Services
- Sellers
- KingSett Capital, Ivanhoé Cambridge
- Industry
- Logistics & Distribution
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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