Onex Partners V Acquires Fidelity Building Services Group

Onex Partners V, a fund of Onex Corporation, has agreed to acquire Fidelity Building Services Group in partnership with the company's management team. Fidelity BSG is a provider of HVAC, mechanical, building automation and emergency power services headquartered in Sparks, Maryland; Onex said it will support Fidelity's organic growth and accelerate its acquisition strategy. Terms were not disclosed and the transaction was expected to close later in 2021 subject to customary conditions.