ONCAP Acquires Majority Stake in Merrithew International

February 17, 2022

ONCAP, the mid-market private equity platform of Onex, has purchased a majority stake in Merrithew International Inc., the Toronto-based developer, manufacturer and retailer of Pilates equipment, accessories, content and education. The investment (from ONCAP IV) was made in partnership with Merrithew founders Lindsay and Moira Merrithew to support the company's continued global growth and expansion through organic initiatives and acquisitions; terms were not disclosed.

Buyers
ONCAP, Onex Corporation
Targets
Merrithew International Inc.
Sellers
Lindsay Merrithew, Moira Merrithew
Location
Ontario, Canada
Transaction Type
Buyout

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