BNET Industries
Last Fiscal Year Sales:$22.9B
- Public
- CA
Dow Jones Description
Onex has more than one hand in business. Established in 1980 and located in Toronto, Canada, Onex Corporation (Toronto: OCX) operates companies in multiple industries. Its portfolio includes electronics manufacturing, theatre exhibition, customer service management, aerostructures, automotive products, and healthcare. The company had 2005 revenue of $20 billion and employs 136,000 people. It acquired five businesses in 2005: the $1.5 billion purchase of The Boeing Company's commercial aerostructures manufacturing operations. The company, renamed Spirit AeroSystems, is the world's largest independent supplier of structures for commercial aircraft; Center for Diagnostic Imaging, a leading provider of diagnostic and therapeutic radiology services in the United State, in a transaction valued at $225 million; Emergency Medical Services Corporation, the parent company of American Medical Response, the leading provider of ambulance transportation services, and EmCare, a leader in outsourced services for hospital emergency department physician staffing and management in a transaction valued at over $1 billion; Skilled Healthcare Group, an organization of acute care nursing and assisted living facilities in the United States, in a transaction valued at $745 million, and the 80-theatre Famous Players theater circuit in a $473 million transaction.
Chairman of the Board, President and Chief Executive Officer
Gerald W. SchwartzNumber of Employees 237,000
Peer Companies
NAICS Code Offices of Other Holding Companies: 551112
Recent Events
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Onex to pay 2.75-cent dividend
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Stocks close lower: economic worries rise on jump in crude, gasoline supplies
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Onex to release Q3 2009 results Nov. 11
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The March Group Forecasts an Increase in Tech Sector M&A Activity
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CA-BUSINESS Summary
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BRIEF-Rbc raises price target on Onex Corp, Genivar Income
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Canada's Onex eyes U.S. commercial real estate
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Celestica says Onex to sell C$113.3 million of shares
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Onex delcares to pay 2.75-cent quarterly dividend
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Onex and Greenbriar team with ILFC chief in bid for AIG assets
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Onex swings back to profit; eyes distressed deals
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Onex takes control of Las Vegas landmark
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Former MGM Mirage President Heads Up Tropicana Las Vegas
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Onex in bid to buy top aircraft lessor
News & Analysis
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finance and onex corp. and strategy - All News and Analysis
American Airlines' Parent Faces Tough Choices after Canadian Ruling.
Knight Ridder/Tribune Business News Nov. 10 -- FORT WORTH, Texas -- The problem with daring business moves is that they can leave the risk-taker exposed. That's where AMR Corp., parent of American Airlines, finds itself in the wake of Friday's decision by...
Air Canada promises no layoffs for unionised employees under Canadian Airlines acquisition proposal
AIRLINE INDUSTRY INFORMATION-C 1997-9 M2 COMMUNICATIONS LTD Air Canada has promised airline unions that no unionized employees would be involuntarily laid off under its proposal to acquire Canadian Airlines. The carrier sent a letter detailing its commitment to union officials on 1 November and has extended the promise to...
AIR CANADA: Air Canada forces revelation of $1.3 bibillion termination fees under Onex/AMR offer.
M2 PRESSWIRE-1 November 1999-AIR CANADA: Air Canada forces revelation of $1.3 billion termination fees under Onex/AMR offer C1994-99 M2 COMMUNICATIONS LTD RDATE:311099 MONTREAL -- For the first time since Onex/AMR launched their hostile and illegal takeover bid two months ago, Air...
EU To Investigate Implication of Canadian Merger
Citing the threat of oneworld domination in the London-Canada direct route, European Union Competition Commission officials have opted to investigate the American Airlines-backed Onex Corp. offer to purchase Air Canada. In a statement issued by the office of Competition Commissioner Mario Monti, Oct. 18 the EC said: "The proposed...
American Airlines to Help Fund Canadian Alliance.
Knight Ridder/Tribune Business News Aug. 25 -- AMR Corp., owner of American Airlines Inc., said Tuesday it will put nearly $335 million into a company that wants to combine Air Canada and Canadian Airlines International into a single carrier. Onex Corp. of...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Donald W. Lewtas | CFO & Vice President, Finance |
| Ewout R. Heersink | CFO |
| Andrew J. Sheiner | Managing Director |
| Anthony Munk | Managing Director |
| Christopher A. Govan | Managing Director, Taxation |
| Mark L. Hilson | Managing Director |
| Nigel S. Wright | Managing Director |
| Seth M. Mersky | Managing Director |
| Timothy A.R. Duncanson | Managing Director |
| Christine M. Donaldson | Director, Finance |
| Emma Thompson | Director, Limited Partner Relations |
| Andrea E. Daly | General Counsel |
| David J Mansell | Principal |
| David R Hirsch | |
| Arni C. Thorsteinson | Director |
| William A. Etherington | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Gerald W. Schwartz | Chairman of the Board, President and Chief Executive Officer |
| Daniel C. Casey | Board of Directors |
| Donald H. Gales | Board of Directors |
| Heather Reisman | Board of Directors |
| Heather Reisman | Board of Directors |
| J. Robert S. Prichard | Board of Directors |
| John B. McCoy | Board of Directors |
| Peter C. Godsoe | Board of Directors |
| Serge Gouin | Board of Directors |
Gerald W. Schwartz is the Chairman of the Board, President and Chief Executive Officer of Onex. Mr. Schwartz has been a director of Celestica since 1998. Prior to founding Onex in 1983, Mr. Schwartz was a co-founder and President (in 1977) of what is now CanWest Global Communications Corp. Mr. Schwartz was inducted into the Canadian Business Hall of Fame in 2004 and was appointed as an Officer of the Order of Canada in 2006. He is also an honorary director of the Bank of Nova Scotia and is a director of Indigo Books & Music Inc., a public corporation. Mr. Schwartz is Vice Chairman of Mount Sinai Hospital and is a director, governor or trustee of a number of other organizations, including Junior Achievement of Toronto, the Canadian Council of Christians and Jews, and The Simon Wiesenthal Center. He holds a Bachelor of Commerce degree and a Bachelor of Laws degree from the University of Manitoba, a Master of Business Administration degree from the Harvard University Graduate School of Business Administration, a Doctor of Laws (Hon.) from St. Francis Xavier University, and a Doctor of Philosophy (Hon.) from Tel Aviv University.
| Organization | Position | Status |
|---|---|---|
| Celestica, Inc. | Chairman of The Board, President and Chief Executive Officer of Onex | Current |
| Onex Corporation | Chairman of the Board, President and Chief Executive Officer | Current |
| The Mount Sinai Hospital | Governor | Current |
| Toronto.Com | Board of Directors | Current |
| The Mount Sinai Hospital | Director | Current |
| Celestica, Inc. | Director | Current |
| Indigo Books & Music, Inc. | Board of Directors | Current |
| Simon Wiesenthal Center | Board of Directors | Current |
| The Mount Sinai Hospital | Vice Chairman | Current |
| Simon Wiesenthal Center | Trustee | Current |
| Toronto.Com | Trustee | Current |
| CanWest Global Communications Corporation | Co-Founder | Former |
| The Bank of Nova Scotia | Board of Directors | Current |
| Simon Wiesenthal Center | Chairman | Former |
| Simon Wiesenthal Center | Vice Chairman | Former |
| Onex Corporation | Director | Former |
| Tel Aviv University | Doctor of Philosophy | Former |
| Harvard University | Master of Business Administration Degree | Former |
| University of Manitoba | Bachelor of Laws Degree | Former |
| St. Francis Xavier University | Bachelor of Commerce Degree | Former |
| Tel Aviv University | Bachelor of Commerce Degree | Former |
| St. Francis Xavier University | Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | CFO & Vice President, Finance | Current |
| Onex Corporation | Vice President, Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | CFO | Current |
| Onex Corporation | Board of Directors | Current |
| Onex Corporation | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Managing Director, Taxation | Current |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Managing Director | Current |
| Res-Care, Inc. | Managing Director of Onex Corporation | Current |
| Spirit AeroSystems Holdings, Inc. | Board of Directors | Current |
| Aerosystems Corporation | Director | Former |
| Res-Care, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Managing Director | Current |
| Rogers Sugar Income Fund | Board of Directors | Current |
| Aerosystems Corporation | Former | |
| Rogers Sugar Income Fund | Chairman | Former |
| University of Delaware | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Managing Director | Current |
| Tube City IMS Corporation | Board of Directors | Current |
| Lazard Ltd. | Associate | Former |
| Mutual Asset Management | Investment Analyst | Former |
| Harvard University | School of Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Director, Finance | Current |
| Onex Corporation | Director, Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Director, Limited Partner Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | General Counsel | Current |
| Davies Ward Phillips & Vineberg Llp | senior partner | Former |
| The University of Western Ontario | L.L.B. | Former |
David J. Mansell is currently a Principal at Onex Corporation and serves on the board of Husky Injection Molding Systems and Radian Communication Services Corporation. Prior to joining Onex in 2002, Mr. Mansell worked as a consultant for four years with McKinsey & Company, during which time he was an Engagement Manager in the Toronto office and an Associate in the New York City office. Previously, Mr. Mansell worked for Grant Thornton. Mr. Mansell became a director of Tube City IMS Corporation in January 2007.
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Principal | Current |
| Onex Corporation | Director | Current |
| Radian Communication Services Corporation | Board of Directors | Current |
| Tube City IMS Corporation | Board of Directors | Current |
| McKinsey & Company, Inc. | Engagement Manager | Former |
| McKinsey & Company, Inc. | Consultant | Former |
| Harvard Business School | M.B.A. (with Distinction) | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Current | |
| Canadian Imperial Bank of Commerce | associate | Former |
| Harvard Business School | M.B.A., Harvard Graduate School of Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Lanesborough Real Estate Investment Trust | President & CEO | Current |
| Huntingdon | Founder | Current |
| The Banff Centre | Board of Directors | Current |
| Onex Corporation | Director | Current |
| Lanesborough Real Estate Investment Trust | Board of Directors | Current |
| Manitoba Corporation | Former | |
| Bird Construction Company, Inc. | Former | |
| University of Manitoba | Bachelor of Commerce (Honours) Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Board of Directors | Current |
| Carleton University | Bachelor of Arts in Economics degree | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Board of Directors | Current |
Heather Reisman (60) . Ms. Reisman has been a director since 2007. She is the founder of Indigo Books & Music, Inc., a Canadian book and music retailer, and has served as its Chief Executive Officer since 1996. Ms. Reisman also serves on the Board of Directors of Onex Corporation.
| Organization | Position | Status |
|---|---|---|
| Indigo Books & Music, Inc. | Founder | Current |
| Onex Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Canada-Heros/Don Jones | Chief Executive Officer | Current |
| Indigo Books & Music, Inc. | Chairman & CEO | Current |
| Indigo Books & Music, Inc. | Founder | Current |
| Onex Corporation | Board of Directors | Current |
| J. Crew Group, Inc. | Board of Directors | Current |
| Indigo Books & Music, Inc. | Board of Directors | Current |
| Cott Corporation | President | Former |
| Indigo Books & Music, Inc. | President | Former |
| Paradigm Consulting | Managing Director | Former |
| TSX Group, Inc. | Governor | Former |
| McGill University | Former | |
| Williams-Sonoma, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bank One Corp | Chairman | Current |
| Cardinal Health, Inc. | Board of Directors | Current |
| AT&T Inc. | Board of Directors | Current |
| Onex Corporation | Board of Directors | Current |
| SBC Communications, Inc. | Board of Directors | Current |
| Cpscreen | Director | Current |
| Magnify, Inc. | Board of Directors | Current |
| Secure Point | Director | Current |
| The Chamberpost | Board of Directors | Current |
| The Field Museum | Trustee | Current |
| Bank One Corp | Chief Executive Officer | Former |
| General Motors Corporation | Chief Financial Officer | Former |
| Corillian Corporation | Chairman | Former |
| Metaldyne Corporation | Retired Chairman | Former |
| Kenyon College | Chairman of the Board | Former |
| ChoicePoint Inc. | Board of Directors | Former |
| Ameritech Corporation | Board of Directors | Former |
| Cardinal Health, Inc. | Director | Former |
| SBC Communications, Inc. | Director | Former |
| Stanford University | MBA, Finance | Former |
| Williams College | Bachelors Degree | Former |
| Stanford University | member | Former |
| Organization | Position | Status |
|---|---|---|
| Fairmont Hotels & Resorts, Inc. | Chairman | Current |
| Onex Corporation | Board of Directors | Current |
| Barrick Gold Corporation | Board of Directors | Current |
| Rogers Communications, Inc. | Board of Directors | Current |
| The Bank of Nova Scotia | Chief Executive Officer | Former |
| The Bank of Nova Scotia | Chief Operating Officer | Former |
| The Bank of Nova Scotia | Chairman | Former |
| Harvard Business School | Master of Business Administration degree | Former |
| University of Toronto | Bachelor of Science degree in Mathematics and Physics | Former |
| Organization | Position | Status |
|---|---|---|
| Onex Corporation | Board of Directors | Current |
| TVA Group, Inc. | Board of Directors | Current |
| Cossette Communication Group Inc. | Board of Directors | Current |
| TVA Group, Inc. | Chief Executive Officer | Former |
| TVA Group, Inc. | President | Former |
| Cossette Communication Group Inc. | Director | Former |
| University of Montreal | Bachelor of Arts degree | Former |
William A. Etherington was elected as one of our directors in May 2006. He currently serves as Chairman of the Board of the Canadian Imperial Bank of Commerce (CIBC). Mr. Etherington retired from IBM in September 2001 as Senior Vice President and Group Executive, Sales and Distribution. Mr. Etherington spent over 37 years with IBM and was a member of IBM’s Operations Committee and Worldwide Management Council. He also serves on the boards of directors of Celestica Inc. and MDS Inc.
| Organization | Position | Status |
|---|---|---|
| SS&C Technologies, Inc. | Director | Current |
| Lasik Problems | Board of Directors | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| MDS Inc. | Director | Current |
| Lasik Results | Board of Directors | Current |
| Celestica, Inc. | Director | Current |
| The University of Western Ontario | Board of Directors | Current |
| Onex Corporation | Director | Current |
| St. Michael's Hospital | Director | Current |
| The University of Western Ontario | Member | Current |
| International Business Machines Corporation | Senior Vice President | Former |
| Canadian Imperial Bank of Commerce | Non-Executive Chairman | Former |
| The University of Western Ontario | Bachelor of Science degree in Electrical Engineering | Former |
Executive News
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Onex swings back to profit; eyes distressed deals
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Onex Corp. posts $83M profit in second quarter as revenues drop 10 per cent
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UPDATE 1-Onex posts profit, sees distressed deal potential
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Onex, Yemenidjian acquire most of Tropicana hotel
| Volume | 4,294,150 |
| Shares Outstanding | 0. |
| Market Cap | 0. |
| Year High | 32.66 |
| Year Low | 19.92 |
| Earnings Per Share | 2.39 |
| P/E Ratio | 13.7824 |
| Dividend | 0.70 |
| Yield | 2.1251 |



