Torqx Capital completed the acquisition of THB Verhoef.

Torqx Capital, a private equity firm, completed the acquisition of THB Verhoef, a wholesale distributor of technical parts for medium-speed engines mainly for marine but also for industrial applications. Financial terms were not disclosed. "We are highly enthusiastic to partner up with Torqx and further extend the success of our family business by building a leader in our niche industry segment. We aim to be at the forefront of our industry by providing a unique offering of parts and components for a broad range of medium-speed engines of various brands, and excel in providing the best service to our customers. Together with Torqx, we have set ambitious growth targets for THB and will pursue add-on acquisitions to expand our footprint," Adriaan Verhoef, THB Verhoef CEO.