Canadian mid-market private equity firm TorQuest Partners has sold its interest in 4Refuel Canada LP to U.S. private equity firm Kelso & Co for an undisclosed price. The Langley, British Columbia-based 4Refuel, a provider of mobile on-site refueling and fuel management services, has been backed by TorQuest since July 2010, when the firm invested in partnership with 4Refuel’s founder and members of its management team. As reported by peHUB Canada, TorQuest in September closed its third fund,TorQuest Partners Fund III, with commitments totaling $535 million.
TORQUEST PARTNERS SUCCESSFULLY EXITS INVESTMENT IN 4REFUEL
TorQuest Partners is pleased to announce the sale of its interest in 4Refuel Canada LP (“4Refuel”) to Kelso & Company (“Kelso”). 4Refuel is the Canadian market leader in mobile on-site refueling and fuel management services. TorQuest invested in 4Refuel in July 2010 alongside its founder and members of the senior management team.
ABOUT TORQUEST PARTNERS
TorQuest Partners, founded in 2002, is a leading Canadian-based manager of private equity funds. TorQuest seeks to pursue investments in North American middle market companies with the goal of building value in partnership with management teams. In September 2013, TorQuest announced the successful raising of its third fund, bringing total equity under management to more than $1 billion.
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Photo courtesy of 4Refuel Canada LP.