TORONTO, June 4, 2012 /CNW/ - TorQuest Partners, a leading Canadian
private equity fund manager, in partnership with the company's
management team and a group of co-investors, including Westerkirk
Capital and Northleaf Capital Partners, announced today that they have
purchased Array Marketing Group ("Array" or the "Company"). Terms of
the transaction were not disclosed.
Array is a leading high-end provider of retail merchandising,
point-of-purchase displays, open service systems and retail fixture
services. The Company has provided merchandising solutions to some of
the world's best known brands and retailers for more than 30 years.
Array is based in Toronto, Ontario and has facilities in Toronto and
Bradford, Ontario, New York City, and Shenzhen, China.
"Array has built a very successful business and has solidified its
position in the market," said Marc Lipton of TorQuest Partners. "We're
pleased to have partnered with Array's management team and will work
alongside them with a focus on growing the company's core business,
continuing to leverage Array's strengths in innovative design, high
quality finished products and outstanding customer service."
Tom Hendren, President and CEO of Array stated: "The Company is very
well positioned to benefit from a growing retail market for cosmetics
and other products that benefit from high-end merchandising solutions.
We welcome TorQuest's investment in the Company and look forward to
leveraging our market leadership position to deliver more services to
more customers in more markets."
For more information about Array visit www.arraymarketing.com.
About TorQuest Partners
Founded in 2002, TorQuest Partners is a Canadian-based manager of
private equity funds. With more than $850 million of equity capital
under management, TorQuest seeks to pursue investments in middle market
companies with the goal of building value. To learn more about TorQuest
Partners, visit www.torquest.com.
SOURCE TorQuest Partners
For further information:
TorQuest Partners media contact:
David Ryan, Longview Communications