Onex Corporation
 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (February 2024) |
CA$48.4 billion (June 30, 2022)[1] | |
Number of employees | 536 |
|---|---|
| Website | www.onex.com |
Onex Corporation is a Canadian investment management firm founded by Gerry Schwartz in 1984. In December 2023, it had $49.6 billion Canadian dollars under management.
History
Schwartz founded Onex in 1984 and took the company public in 1987.[2]
In June 2007,
In 2010, Onex and the Canada Pension Plan acquired English engineering firm Tomkins, though Onex only held 14% of shares.[3]
At the end of 2017, Onex acquired SMG. The company was sold off in 2019 to merge with AEG Facilities to form ASM Global.[4]
In 2019, Onex acquired Gluskin Sheff, a Toronto-based wealth management firm.[5][6]
In May 2020, Onex blamed a first-quarter net loss of $1.1 billion US dollars on the COVID-19 pandemic.[7]
Private equity investments
In December 2019, Onex Corporation purchased WestJet for CA$5.0 billion (equivalent to $5.2 billion in 2021), through its subsidiary Kestrel Bidco.[8]
Current Portfolio[9]
| Company | Sector | Since |
|---|---|---|
| Acacium Group | Healthcare | September 2020 |
| Advanced Integration Technology | Aerospace & Transportation
Automation & Industrial Technology |
December 2014 |
| Analytic Partners | Business Services & Software | April 2022 |
ASM Global
|
Business Services & Software | January 2018 |
| BBAM | Aerospace & Transportation | December 2012 |
| Clarivate | Business Services & Software | October 2016 |
| Convex | Financial Services | April 2019 |
Emerald Expositions
|
Business Services & Software | June 2013 |
| Fidelity Building Services Group | Building Products & Construction | December 2021 |
| Imagine Learning | Business Services & Software | March 2021 |
| Morson Group | Business Services & Software | February 2024 |
| Newport Healthcare | Healthcare | July 2021 |
| OneDigital | Financial Services | November 2020 |
| Parkdean Resorts | Business Services & Software | March 2017 |
| PowerSchool Group | Business Services & Software | August 2018 |
| Resource Environmental Solutions | Environmental & Engineering Services | March 2022 - Present |
| SCP Health | Healthcare | July 2015 - Present |
| Sedgwick Claims Management Services | Financial Services | October 2014 - Present |
| Tes Global |
Business Services & Software |
February 2022 - Present |
| Wealth Enhancement Group | Financial Services | September 2021 - Present |
| WestJet | Aerospace & Transportation | December 2019 - Present |
| WireCo WorldGroup | Industrial Manufacturing & Services | September 2016 - Present |
Realized Portfolio[10]
| Company | Sector | Duration |
|---|---|---|
| Allison Transmission | Automotive Aftermarket
Industrial Manufacturing & Services |
August 2007 - June 2014 |
| BrightSpring Health Services | Healthcare | June 2004 - March 2019 |
| Carestream Health | Healthcare | April 2007 - September 2022 |
| Center for Diagnostic Imaging | Healthcare | January 2005 - July 2012 |
Compagnie Générale de Géophysique
|
Industrial Manufacturing & Services
Environmental & Engineering Services |
November 2004 - June 2005 |
| Cosmetic Essence | Consumer Products & Services
Industrial Manufacturing & Services |
December 2004 - May 2009 |
| Emergency Medical Services Corporation | Healthcare | February 2005 - May 2011 |
| Genesis Healthcare | Healthcare | December 2005 - August 2017 |
Hawker Beechcraft Corporation
|
Aerospace & Transportation
Industrial Manufacturing & Services |
March 2007 - May 2012 |
| Husky International | Automation & Industrial Technology
Industrial Manufacturing & Services Packaging |
December 2007 - June 2011 |
| Jack's Family Restaurants | Food & Beverage
Restaurants & Retail |
July 2015 - August 2019 |
JELD-WEN Holding
|
Building Products & Construction
Industrial Manufacturing & Services |
October 2011 - August 2021 |
| KraussMaffei Group | Automation & Industrial Technology
Industrial Manufacturing & Services Packaging |
December 2012 - April 2016 |
Magellan Health Services
|
Healthcare | January 2004 - November 2005 |
| Partou | Consumer Products & Services | November 2018 - August 2022 |
| RSI Home Products | Consumer Products & Services
Building Products & Construction Industrial Manufacturing & Services |
October 2008 - February 2013 |
| Ryan | Business Services & Software | October 2018 - August 2023 |
| Save-A-Lot | Consumer Products & Services
Food & Beverage Restaurants & Retail |
December 2016 - April 2020 |
| sgsco | Consumer Products & Services
Packaging |
October 2012 - November 2021 |
SIG Combibloc Group
|
Consumer Products & Services
Industrial Manufacturing & Services Packaging |
March 2015 - December 2020 |
| Spirit AeroSystems | Aerospace & Transportation
Industrial Manufacturing & Services |
June 2005 - August 2014 |
| Survitec Group | Aerospace & Transportation
Industrial Manufacturing & Services |
March 2015 - January 2020 |
| The Warranty Group | Financial Services | November 2006 - August 2014 |
| TMS International | Industrial Manufacturing & Services | January 2007 - October 2013 |
| Tomkins Limited | Automotive Aftermarket
Industrial Manufacturing & Services |
September 2010 - July 2014 |
| Tropicana Las Vegas | Leisure & Gaming | May 2009 - August 2015 |
| USI Insurance Services | Financial Services | December 2012 - May 2017 |
References
- ^ "2019 Annual Report". Onex Corp.
- ^ "Canada's very own private-equity giant Onex quietly tops returns of big-name U.S. rivals". Financial Post. Bloomberg News. June 26, 2014. Retrieved April 4, 2020.
- ^ "Onex, Canada Pension to Buy Tomkins for $4.5 Billion". Bloomberg.com. July 27, 2010. Retrieved July 25, 2022.
- ^ Chapple, Jon (December 11, 2017). "SMG sold to PE firm Onex Corporation". IQ. Retrieved July 25, 2022.
- ^ "Onex to buy wealth manager Gluskin Sheff in $445 million deal | Financial Post". Financial Post. March 25, 2019. Retrieved November 14, 2019.
- ^ Vandaelle, Ian (March 22, 2019). "Onex snaps up wealth manager Gluskin Sheff in $445M deal". BNN Bloomberg. Retrieved November 3, 2020.
- ^ Onex reports US$1.1B Q1 loss on COVID-19 disruption
- ^ "Gerald Schwartz controlled Onex closes $5B acquisition of WestJet". December 12, 2019.
- ^ "Portfolio of Investments". www.onex.com. Retrieved February 14, 2024.
- ^ "Portfolio of Investments". www.onex.com. Retrieved February 14, 2024.
External links
- ONEX (company website)
