TorQuest Partners backs Kissner Milling Company in first deal from new fund


ice2_lrgTorQuest Partners has backed of bulk rock salt and ice melt products distributor Kissner Milling Company in the first deal from its recently closed third fund.

The Canadian firm participated in Kissner’s recapitalisation alongside Silverhawk Capital Partners, GoldPoint Partners and the Bank of Montreal.

Kissner owns and operates two units, the Salt Company, which owns a salt mine that produces and sells rock salt to governmental and commercial customers, and Kissner Packaged Distribution. The company serves clients in Canada and the US great lakes region.

TorQuest senior managing partner Brent Belzberg said, “Kissner is a 130 year-old business with significant growth opportunities ahead. We look forward to working closely with Bill and Kissner’s exceptional management team and existing shareholders to drive value in the business.”

The firm held a C$535m final close for its Partners III fund in September this year, seven years after raising C$550m for its previous vehicle.

That fund invested between C$15m and C$100m of equity indeals valued at between $40m and $250m, primarily in Canada and with a secondary focus on the US.

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