Onex Corporation is a Canadian investment management 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 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. 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 COVID-19 pandemic.

Private equity investments

In December 2019, Onex Corporation purchased WestJet for CA$5.0billion (equivalent to $ billion in ), through its subsidiary Kestrel Bidco. ==Current Portfolio == ==Realized Portfolio ==