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
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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