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Onex Corporation
Canadian investment company From Wikipedia, the free encyclopedia
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Onex Corporation is a Canadian investment management firm founded by Gerry Schwartz in 1984. In September 2024, it had $50 billion dollars under management.
 | 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) |
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History
Schwartz founded Onex in 1984 and took the company public in 1987.[1]
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.[2]
At the end of 2017, Onex acquired SMG. The company was sold off in 2019 to merge with AEG Facilities to form ASM Global.[3]
In 2019, Onex acquired Gluskin Sheff, a Toronto-based wealth management firm.[4][5]
In December 2019, Onex purchased Canada's second-largest airline WestJet for CA$5.0 billion (equivalent to $5.8 billion in 2023).[6]
In May 2020, Onex blamed a first-quarter net loss of $1.1 billion US dollars on the COVID-19 pandemic.[7]
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Private equity investments
Onex has a wide portfolio of current and realized investments.[8][non-primary source needed]
References
External links
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