Onex Corporation
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.
Company type
1984
Robert Le Blanc (CEO)
Private equity funds, investment vehicles, equity and debt strategies
536
History[edit]
Schwartz founded Onex in 1984 and took the company public in 1987.[2]
In June 2007, General Motors sold Allison Transmission to financial investors Carlyle Group and Onex Corporation.
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]