TorQuest Partners completed the acquisition of VersaCold Logistics Services, one of Canada’s leading cold-storage warehousing and food logistics companies, from KingSett Capital and Ivanhoe Cambridge. VersaCold operates 31 temperature-controlled facilities across Canada.

VersaCold’s management team will continue to operate the business going forward. According to the company, there will be no changes to the day-to-day operations as a result of the transaction.