Canada-based private equity firm TorQuest Partners has led an investor group in the acquisition of a majority stake in A&B Rail Services Ltd. The financial terms of the said deal were not disclosed, according to The Middle Market.

A&B is an Edmonton-based company that provides rain maintenance and construction services in the country. The firm was backed by private equity group Fulcrum Capital Partners, the report said.

TorQuest is a private equity company based in Toronto. The firm is an investor of rock salt manufacturer Kissner and specialty chemical firm Pinova Holdings, the report stated.

Vancouver-based Fulcrum provides mezzanine and private equity financing to Canadian middle market companies. The firm backs Allied Global Holdings Inc and Bri-Chem Corp. The investment company presently manages two private equity funds. One of these funds has $350 million in committed capital. The company also manages a mezzanine finance business that has $400 million in committed capital, the report detailed.

A&B sought counsel from Joe Conner, Jeff Burkett, Jason Bass, and Wayne Harrington of Harris Williams & Co on the transaction, The Middle Market reported.