CDPQ is a Co-Investor in Barrette Outdoor Living
Posted on 11/04/2020
TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ) made a majority investment in Barrette Outdoor Living Inc., a North American manufacturer of wood-alternative fence and railing products. TorQuest and CDPQ are partnering in this transaction with BOL’s owner, Les Entreprises Barrette Ltée, who will retain a significant minority interest in Barrette Outdoor Living, and BOL’s management team, led by CEO Jean desAutels. Terms of the transaction were not disclosed.
BOL manufactures and sells vinyl, aluminum and steel fence and railing; composite decking; and other outdoor products sold through specialty retailers, home centers and lumberyards. The Company’s scale, vertically-integrated operations, and broad portfolio of fence, railing and decking systems have driven a consistent history of distribution channel penetration and market share gains in its core outdoor living repair and remodeling market. BOL has also grown through acquisitions, which have expanded the Company’s geographic reach and built its product portfolio into the most comprehensive in the industry.
This is the tenth Fund IV platform investment for TorQuest, which recently closed its fifth fund, TorQuest Partners Fund V, with $1.375 billion of committed capital.
Moelis & Company LLC and PricewaterhouseCoopers Corporate Finance Inc. served as financial advisors to Barrette Outdoor Living on the transaction.
Keywords: Caisse de depot et placement du Quebec.