TorQuest Invests in Envirosystems
TorQuest Partners announced yesterday that it has partnered with management and other co-investors to acquire a majority interest in Envirosystems Inc. from Thornridge Holdings Limited, a privately held investment firm.
Headquartered in Dartmouth, Nova Scotia, Envirosystems is one of the fastest growing industrial services organizations in North America with over 1,000 employees in more than 40 locations throughout Canada and the United States.
Mike Ryan, President and CEO of Envirosystems, said: “We are excited to be moving forward with TorQuest, to augment the continued commitment Thornridge Holdings has provided to Envirosystems. Thornridge gave me and my team the opportunity to participate as equity partners and now TorQuest will bring financial resources and business expertise, and a commitment to supporting our continued profitable growth, both organically and through acquisitions.”
Envirosystems Inc. is a leading provider of industrial and environmental services, with a focus on technological innovation. Services include dredging, high pressure cleaning, hydro-excavation, mobile spent caustic treatment, waste disposal/treatment and vacuum services.