Onex Corporation Acquires Gluskin Sheff + Associates Inc.

Onex Acquires 42% Stake in Ryan, LLC

October 17, 2018

Accounting & Tax

Onex Corporation acquired a 42% interest in Ryan, LLC for $317 million, valuing the Dallas-based global tax services and software provider at approximately $1.1 billion. The minority investment will support Ryan's continued expansion of service lines and global growth while partnering with founder and CEO G. Brint Ryan and the existing management team.

Onex Partners V Acquires Tes Global from Providence Equity Partners

December 7, 2021

Education

Onex Corporation, through its Onex Partners V fund, has agreed to acquire Tes Global from Providence Equity Partners; Tes management will reinvest alongside Onex. Tes is a London-based education technology provider powering school and teacher products (staff management, safeguarding & compliance, pupil & learning management) and employs over 500 people across multiple offices worldwide. The deal is expected to close in Q1 2022 and financial terms were not disclosed.

Goldman Sachs Asset Management Acquires CarltonOne from H.I.G. Growth Partners

June 6, 2024

Cloud & SaaS

Goldman Sachs Asset Management has acquired CarltonOne Engagement (CarltonOne), a Markham, Ontario–based SaaS engagement and e-commerce platform for employee recognition, customer loyalty, rewards and sales/channel incentive programs. The sale represents H.I.G. Growth Partners' exit after investing in CarltonOne in 2017 and helping the company scale—during H.I.G.'s ownership CarltonOne grew revenues ~4x and increased EBITDA over 6x.

Onex Partners V Makes Equity Investment in Wealth Enhancement Group

October 1, 2021

Financial Services

Onex Partners V, together with certain co-investors including Onex Corporation, completed an equity investment in Wealth Enhancement Group (WEG), joining existing investor TA Associates as equal capital partners. The transaction (Onex's share ~US$250 million) will support WEG's next stage of organic growth and M&A expansion while the firm remains privately held under its existing management team.

Onex Makes Growth Investment in Ryan Specialty Group

June 4, 2018

Insurance

Onex Corporation acquired a minority equity stake in Ryan Specialty Group through a $150 million preferred equity and $25 million common equity investment to support RSG's growth and M&A strategy. The capital injection establishes a long-term strategic relationship between Onex and Ryan Specialty Group while leaving RSG management (Pat Ryan) in place.

Citrin Cooperman Acquires S&G LLP

July 9, 2024

Accounting & Tax

Citrin Cooperman Advisors, LLC and Citrin Cooperman & Company LLP have acquired substantially all assets and the attest assets, respectively, of S&G LLP, a Worcester, Massachusetts-based assurance, tax and advisory firm. The deal brings five partners and more than 30 professionals into Citrin Cooperman and expands the firm's presence in New England.