TorQuest acquires Canada cold storage giant VersaCold

VersaCold Logistics tractor-trailers at a loading dock. TorQuest acquired VersaCola, a large Canadian cold storage provider.

Private equity firm TorQuest Partners has acquired VersaCold Logistics Services, one of Canada’s largest cold storage and logistics companies, in a deal that reflects the strong growth opportunities in the Canadian market.

Toronto-based TorQuest, in partnership with the Canadian pension funds Investment Management Corporation of Ontario (IMCO) and OPTrust, purchased VersaCold from KingSett Capital and Ivanhoe Cambridge. The price and terms were not disclosed for the transaction, which was announc...

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