TorQuest Partners acquires Cieslok Group Inc. (formerly known as Branded Cities Company Canada)

Torys acted as counsel to TorQuest Partners with a team that included Guy Berman, Steve Rotchtin, Matthew Gragtmans, Shefali Sood, Isaac Papsin and Emily Panhuyzen (corporate/M&A), Andy Gibbons and Paul Mohan (real estate), Tom Stevenson and Parker Baglole (employment), Ed Fan, Nicole Zeit and Michele Clarizio (IP) and Benjamin Mann (tax).

On August 11, 2026, TorQuest Partners (“TorQuest”) announced that it completed the acquisition of Cieslok Group Inc. (formerly known as Branded Cities Company Canada) (“Cieslok Group”) and that Jorg Cieslok, a pioneer of Canadian Out-of-Home advertising for more than three decades, will lead the platform. Backed by the capital of TorQuest, the company operates as Cieslok Group, a Canadian-owned and Canadian-led company business. The terms of the transaction were not disclosed.

Further information can be found on TorQuest Partner’s website.

Cieslok Group is a leading Out-of-Home media company with an integrated network of premier digital and static signage across Canada. The digital and static media assets span some of the largest markets in Canada, including Toronto, Vancouver, Montréal, Edmonton, and Ottawa. Backed by TorQuest Partners, it empowers brands to deliver impactful and engaging messages to Canada’s most desirable, hard-to-reach audiences.

TorQuest Partners is a Toronto-based private equity firm and one of Canada’s leading middle-market investors, with more than $5 billion in equity capital under management since its founding in 2002. It partners with founder- and family-led businesses to accelerate growth through capital, operating expertise, and long-term strategic support.