Canadian private equity firm Onex has made an undisclosed investment in Advanced Integration Technology. Headquartered in Plano, Texas, AIT is a provider of automation and tooling, maintenance services and aircraft components for the aerospace sector.
TORONTO, ONTARIO–(Marketwired – Jan. 2, 2015) –
All amounts in U.S. dollars unless otherwise stated
Onex Corporation (“Onex”) (TSX:OCX) today announced it has completed its investment in Advanced Integration Technology (“AIT”), a leading provider of automation and tooling, maintenance services and aircraft components to the aerospace industry.
This is the first investment for Onex Partners IV, Onex’ $5.15 billion flagship fund raised in May 2014.
With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. The Company has approximately $20 billion of assets under management, including $5.9 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its Funds.
Onex’ businesses have assets of $29 billion, generate annual revenues of $22 billion and employ approximately 200,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company’s security filings can also be accessed at www.sedar.com.
This news release may contain forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.