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Company type | Public |
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TSX: ONEX | |
Industry | Private Equity |
Founded | 1984 |
Founder | Gerry Schwartz |
Headquarters | Toronto, Canada |
Key people | Robert Le Blanc (CEO) |
Products | Private equity funds, investment vehicles, equity and debt strategies |
AUM | ![]() |
Number of employees | 536 |
Website | www |
Onex Corporation is a Canadian investment management firm founded by Gerry Schwartz in 1984. In September 2024, it had $50 billion dollars under management.
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]
Onex has a wide portfolio of current and realized investments. [8] [ non-primary source needed ]