Hello, I am excited to share with you the impressive portfolio of companies owned by Onex Corporation. Based in Toronto and founded in 1984, Onex is a renowned investment manager that oversees capital on behalf of shareholders, institutional investors, and high net worth clients. With approximately CA$48.4 billion in assets under management as of June 30, 2022, Onex has established itself as a major player in the investment world.
Onex boasts a diverse portfolio of companies spanning various industries, including private equity funds, investment vehicles, and equity and debt strategies. Their subsidiaries include prominent names like Hawker Beechcraft, Spirit AeroSystems, Tomkins plc, Carestream Health, Save-A-Lot, and WestJet. Moreover, they have made notable acquisitions over the years, such as Gluskin Sheff, a Toronto-based wealth manager, and SMG, a global event venue operator.
Key Takeaways:
- Onex Corporation is a Toronto-based investment manager.
- They have a diverse portfolio of companies in various industries.
- Their subsidiaries include Hawker Beechcraft, Spirit AeroSystems, Tomkins plc, Carestream Health, Save-A-Lot, and WestJet.
- They have made notable acquisitions, including Gluskin Sheff and SMG.
- Onex has approximately CA$48.4 billion in assets under management.
History of Onex Corporation
Onex Corporation, founded by Gerry Schwartz in 1984, is a renowned investment manager specializing in private equity investing. Over the years, Onex has established itself as a key player in the industry, with a solid track record of successful investments and strategic acquisitions in North America and beyond.
In the year 2000, Onex expanded its operations by raising investment vehicles with third-party capital and launching ONCAP, a platform focusing on smaller and middle market opportunities. This diversification allowed Onex to explore new avenues for growth and investment.
One of the notable acquisitions made by Onex Corporation was the purchase of Allison Transmission from General Motors in 2007. This strategic move reinforced Onex’s position in the automotive industry and opened up new opportunities for the company.
In 2010, Onex took over Tomkins, a global engineering and manufacturing company, further strengthening its portfolio and expanding its presence in the industrial sector. Another significant acquisition came in 2017 when Onex acquired SMG, a global event venue operator, enhancing its footprint in the entertainment and hospitality industries.
The Visionary Behind Onex Corporation
Gerry Schwartz, the founder of Onex Corporation, has been instrumental in shaping the company’s success. With his visionary leadership and expertise in private equity investing, Schwartz has steered Onex towards becoming one of the most respected investment managers in the industry.
Schwartz’s strategic decision-making and ability to identify lucrative investment opportunities have been key drivers of Onex’s growth and profitability. Under his guidance, Onex has successfully executed numerous high-profile acquisitions and built a diverse portfolio of companies across various sectors.
One such acquisition was Gluskin Sheff, a Toronto-based wealth management firm, in 2019. This move demonstrated Onex’s commitment to expanding its offerings and diversifying its business interests to better serve its clients.
Onex Corporation’s Private Equity Investments
Onex Corporation’s private equity investments are a significant part of their portfolio, showcasing their expertise in strategic investments and diversification. Through their two main platforms, Onex Partners and ONCAP, they raise funds from third-party investors and invest them alongside their own capital. These private equity investments span various industries and sectors, allowing Onex to capitalize on lucrative opportunities and generate substantial returns.
The Acquisition of WestJet
One notable private equity investment by Onex Corporation was the acquisition of WestJet, a Canadian airline. In 2019, Onex purchased WestJet for CA$5.0 billion, solidifying their presence in the aviation industry. This investment not only provided Onex with access to a thriving market but also allowed them to leverage their expertise and resources to optimize the airline’s operations and drive growth.
Strategic Acquisitions and Investments
In addition to the acquisition of WestJet, Onex Corporation has made various other private equity investments. They acquired Accredited from R&Q Insurance Holdings, a transaction that allowed them to expand their presence in the insurance sector and tap into new revenue streams. Onex has also invested in Unanet, a provider of project-based ERP and CRM solutions. These strategic investments demonstrate Onex’s ability to identify promising companies and leverage their resources and expertise to drive their growth and success.
| Private Equity Investments | Industry/Sector |
|---|---|
| WestJet | Aviation |
| Accredited | Insurance |
| Unanet | ERP and CRM Solutions |
These private equity investments reflect Onex Corporation’s commitment to identifying and capitalizing on lucrative investment opportunities. Through their strategic investments, they aim to generate value for their investors and drive the growth and success of the companies they acquire.
Onex Corporation’s Asset Management
As an investment manager, Onex Corporation not only focuses on private equity investments but also excels in asset management. Through their Investing segment, they expertly manage and invest capital on behalf of shareholders, institutional investors, and high net worth clients. With their Asset Management segment, Onex provides a range of investment strategies to maximize returns for their investors.
One of the key areas of Onex’s asset management is their private equity funds. They carefully analyze market opportunities and strategically invest capital in companies across various industries. Their expertise in identifying potential growth opportunities and managing these investments has helped them achieve substantial returns for their investors.
In addition to private equity funds, Onex offers private credit strategies. They utilize their in-depth knowledge of credit markets and strategic partnerships to invest in credit opportunities and generate attractive risk-adjusted returns. By actively managing credit portfolios, they aim to provide stable income and capital preservation for their investors.
Furthermore, Onex’s asset management division also focuses on liquid strategies. They employ a disciplined approach to managing liquid assets, including equities, fixed income securities, and other financial instruments. Their experienced team of investment professionals closely monitors market trends, making informed decisions to optimize portfolio performance.
FAQ
What companies does Onex own?
Onex Corporation owns a diverse portfolio of companies, including subsidiaries such as Hawker Beechcraft, Spirit AeroSystems, Tomkins plc, Carestream Health, Save-A-Lot, and WestJet. They have also made acquisitions in the past, including Gluskin Sheff, a Toronto-based wealth manager, and SMG, a global event venue operator.
When was Onex Corporation founded?
Onex Corporation was founded in 1984 by Gerry Schwartz.
What is Onex Corporation’s private equity investing focus?
Onex Corporation’s private equity investments are made through their two main platforms, Onex Partners and ONCAP. They focus on investing in North America and have a strong history of successful investments and strategic acquisitions.
What are Onex Corporation’s recent acquisitions?
Onex Corporation has recently acquired companies such as Accredited from R&Q Insurance Holdings and made investments in Unanet, a provider of project-based ERP and CRM solutions.
What services does Onex Corporation’s asset management segment offer?
Onex Corporation’s asset management segment offers private equity funds, private credit strategies, and liquid strategies. They manage and invest capital on behalf of shareholders, institutional investors, and high net worth clients.