Onex Corporation is a Canadian

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

firm founded by Gerry Schwartz in 1984. In September 2024, it had $50 billion dollars under management.

History

Schwartz founded Onex in 1984 and took the company public in 1987. In June 2007,

General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...

sold

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to financial investors

Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

and Onex Corporation. In 2010, Onex and the

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acquired English engineering firm Tomkins, though Onex only held 14% of shares. At the end of 2017, Onex acquired SMG. The company was sold off in 2019 to merge with AEG Facilities to form ASM Global. In 2019, Onex acquired Gluskin Sheff, a Toronto-based wealth management firm. In May 2020, Onex blamed a first-quarter net loss of $1.1 billion US dollars on the

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Private equity investments

In December 2019, Onex Corporation purchased WestJet for billion (equivalent to $ billion in ), through its subsidiary Kestrel Bidco.

Current portfolio

Realized portfolio

References

External links

ONEX
(company website) {{Authority control Financial services companies established in 1984 Companies listed on the Toronto Stock Exchange Private equity firms of Canada Holding companies of Canada Companies based in Toronto Holding companies established in 1984 Canadian companies established in 1984 Investment companies of Canada 1980s initial public offerings