TorQuest Partners Makes Strategic Investment in Waste Solutions Canada to Boost Growth
On September 8, 2025, TorQuest Partners, a prominent Canadian private equity firm, announced its strategic investment in Waste Solutions Canada Inc. (WSC), a leader in providing tech-enabled waste management services. This investment not only signifies a robust support for WSC's ongoing operations but also marks the beginning of an exciting growth phase for the company.
WSC, founded in 2006 and headquartered in London, Ontario, has carved a niche as a managed service provider specializing in both non-hazardous and hazardous waste, recycling, and sustainability management solutions. The company caters to a diverse clientele, which includes sectors such as property management, senior living, manufacturing, and hospitality businesses. Under the leadership of Jason Wilcox, one of the co-founders, WSC has expanded its workforce to over 100 employees and broadened its reach across all provinces of Canada.
With TorQuest's backing, WSC aims to not only maintain its current operational structure but also accelerate its growth trajectory. The company's co-founders retain significant ownership stakes and are committed to collaborating with TorQuest to further enhance their service offerings in the waste management sector. Wilcox highlighted the importance of a people-first culture and expressed confidence that their new partnership with TorQuest aligns with that philosophy, ensuring that the growth is both sustainable and impactful.
Matthew Chapman, a Partner at TorQuest, praised WSC's client-focused approach and operational excellence that have solidified the company’s reputation as a trusted provider. He emphasized TorQuest's commitment to scaling businesses successfully through strategic growth and acquisitions, ensuring that WSC will continue to build on its solid foundation.
This investment is particularly noteworthy as it represents the fourth commitment from the recently closed TorQuest Partners Fund VI, which has a capital base of C$2.27 billion. The collaboration between TorQuest and WSC points towards a promising trajectory in managing waste services, especially as the demand for sustainable practices continues to grow across industries.
KPMG Corporate Finance Inc. served as financial advisors for WSC, while Blake, Cassels & Graydon LLP provided legal counsel to the company. TorQuest Partners was advised by Torys LLP in this transaction.
In summary, the partnership between TorQuest and Waste Solutions Canada showcases not only a financial investment but also a shared vision for leading the waste management sector in Canada. With continued dedication to innovation and sustainability, both entities are poised to transform waste management practices across the country. This move reiterates the growing importance of environmental responsibility in today's business practices, signaling a shift towards more sustainable operations within the industry.
As Waste Solutions Canada continues on this growth path, it remains committed to optimizing waste management practices through technology, data analytics, and operational excellence, ensuring a brighter, more sustainable future for waste disposal and recycling.