TorQuest Partners’ Acquisition of North West Rubber

Torys LLP acted for TorQuest on the acquisition of North West Rubber Ltd, assisted by Fasken Martineau DuMoulin LLP.

TorQuest Partners  completed the acquisition of North West Rubber Ltd. (“NWR”), a leading manufacturer and distributor of recycled and virgin rubber matting and other flooring products.

NWR’s operations include three manufacturing facilities located in Abbotsford, BC, Brantford, ON, and Houston, TX, a tire-recycling joint venture, Evolve Recycling Inc., also based in Brantford, ON, and various strategic manufacturing partnerships in Asia.

North West Rubber is a leading manufacturer and distributor of recycled and virgin rubber matting and other flooring products for use in the consumer, farm, athletic facilities, and industrial end markets.

TorQuest Partners is a Canadian-based manager of private equity funds. With more than CA$3 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund V, a C$1.375 million fund that closed in March 2020.

The Torys’ team included Laurie Duke (Picture), Danielle Traub, Brody Appotive and Jason Lamb (corporate/M&A), Tom Zverina, Nadine Rockman Katz and Rebecca Jennings (financing), Ellie Kang and Tom Stevenson (employment), Andy Gibbons and Diana Pegoraro (real estate), Tyson Dyck and Henry Ren (environmental), Ed Fan (IP), Christopher Caparelli and Winnie Hu (privacy), Jerald Wortsman and Benjamin Mann (tax).

The Fasken team included Blair Horn and Enoch Chang, and included Steve Saville, Myriam Gonzalez, Dierk Ullrich, Marco Maduri (M&A), Mike Coburn (Tax), KC Miu (Banking & Finance), Brad Moore (Litigation), and Peter Cheng and Ryan Adlem (Articling Students).

Involved fees earner: Enoch Chang – Fasken Martineau; Michael Coburn – Fasken Martineau; Myriam Gonzalez – Fasken Martineau; Blair Horn – Fasken Martineau; Marco Maduri – Fasken Martineau; Kar Cheong (KC) Miu – Fasken Martineau; Brad Moore – Fasken Martineau; Steve Saville – Fasken Martineau; Dierk Ullrich – Fasken Martineau; Brody Appotive – Torys LLP; Christopher Caparelli – Torys LLP; Laurie Duke – Torys LLP; Tyson Dyck – Torys LLP; Edward Fan – Torys LLP; Andy Gibbons – Torys LLP; Winnie Hu – Torys LLP; Rebecca Jennings – Torys LLP; Ellie Kang – Torys LLP; Jason Lamb – Torys LLP; Benjamin Mann – Torys LLP; Diana Pegoraro – Torys LLP; Henry Ren – Torys LLP; Nadine Rockman Katz – Torys LLP; Tom Stevenson – Torys LLP; Danielle Traub – Torys LLP; Jerald Wortsman – Torys LLP; Tom Zverina – Torys LLP;

Law Firms: Fasken Martineau; Torys LLP;

Clients: North West Rubber Ltd.; TorQuest Partners, Inc.;

Sonia Carcano

Author: Sonia Carcano