362 Views

Mavis Tire buys Somerset Tire Service

Mavis Tire Supply LLC, a portfolio company of ONCAP, has acquired Somerset Tire Service Inc. The ONCAP group — which included Mavis founders, the Sorbary family, ONCAP and its LPs — invested $48 million. Bridgewater, New Jersey-based Somerset is a tire retailer with 157 stores spread across New Jersey, Pennsylvania and New York.

177 Views

ONCAP buys Chatters Canada

ONCAP said Monday that it completed its buy of Chatters Canada. Financial terms weren’t announced. Red Deer, Alberta-based Chatters is a retailer of professional hair care products.

179 Views

ONCAP invests in Ingersoll Tillage Group

ONCAP, Onex’s mid-market private equity platform, has acquired a “substantial portion” of Ingersoll Tillage Group shares. No financial terms were disclosed. Based in Hamilton, Ontario and Legazpi, Spain, ITG is a provider of agricultural and landscaping disc blades.

ONCAP Wraps $800M Fund

Onex Corp’s ONCAP raised a third fund, the TSX-listed investment firm, closed its third fund with $800 million Canadian committed. The fund will consist of $520 million in outside capital and $280 million that is being contributed from Onex. In June, ONCAP III completed its first transaction with the acquisition of Hopkins Manufacturing Corporation.

Sport Supply Group Agrees To Go Private

ONCAP Management Partners, the mid-market private equity unit of Onex Corp., has agreed to acquire Sport Supply Group Inc. (Nasdaq: RBI), a maker and distributor of sporting goods and branded team uniforms to the institutional and team sports market. The deal is valued at approximately $169 million, or $13.55 per share in cash.

OnCap Promotes Three

OnCap, a Toronto-based private equity firm focused on the middle market, has promoted Mark MacTavish to managing director, and Evan Hershberg and Ryan Mashinter to director. www.oncap.com

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget