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.
For further information:
TorQuest Partners media contact:
David Ryan, Longview Communications