- Les Entreprises Barrette Ltée has sold its minority stake
- TorQuest Partners and CDPQ had been invested in Barrette Outdoor Living since November 2020
- Barrette Outdoor Living is a provider of residential fencing and railing solutions
TorQuest Partners, Caisse de dépôt et placement du Québec (CDPQ), Les Entreprises Barrette Ltée, management and co-investors have completed the sale of Barrette Outdoor Living to CRH for an enterprise value of $1.9 billion.
Ohio-based Barrette Outdoor Living is a provider of residential fencing and railing solutions. TorQuest and CDPQ had been invested in the company since November 2020.
TorQuest is a Canadian manager of private equity funds that was founded in 2002. It has more than $2.7 billion of equity capital under management.
CDPQ invests to generate sustainable returns over the long term on behalf of public pension and insurance plans in Quebec.
“TorQuest and CDPQ have been ideal partners for us,” said Jean desAutels, CEO of Barrette. “Their commitment to investing in our business and our people has provided Barrette with a solid platform for continued growth and success. We are delighted with the success of our partnership with TorQuest and CDPQ and excited about the next chapter of our business evolution as part of CRH.”