(HAMILTON, Ontario and TORONTO) — McKeil Marine and TorQuest Partners announce that TorQuest has invested in McKeil, in partnership with existing management and shareholders. Terms of the investment were not disclosed.
McKeil also announces that Steve Fletcher, president, who has been with McKeil for 17 years, has been appointed president and chief executive officer and that Blair McKeil, previously chief executive officer and chairman, has assumed the role of vice chairman.
McKeil is a leading Canadian provider of marine transportation and project services for a wide range of customers and industry sectors across the Great Lakes, St. Lawrence Seaway, East Coast and the Canadian Arctic.
TorQuest is a manager of private equity funds with more than $2 billion of equity capital under management.