M&A Deal Summary

Onex Partners Acquires Fidelity BSG

On November 9, 2021, private equity firm Onex Partners acquired engineering company Fidelity BSG

Acquisition Highlights
  • This is Onex Partners’ 2nd transaction in the Engineering sector.
  • This is Onex Partners’ 41st transaction in the United States.
  • This is Onex Partners’ 1st transaction in Maryland.

M&A Deal Summary
Date 2021-11-09
Target Fidelity BSG
Sector Engineering
Buyer(s) Onex Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Harris Williams & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Fidelity BSG

Sparks, Maryland, United States
Fidelity BSG is a provider of technical building solutions for the commercial and industrial facilities market, delivering best-in-class, non-discretionary services through every phase of a building’s lifecycle. Fidelity BSG is headquartered in Sparks, Maryland.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.

DEAL STATS #
Overall 55 of 58
Sector (Engineering) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Maryland) 1 of 1
Country (United States) 41 of 42
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 PowerSchool

Folsom, California, United States

PowerSchool is a provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool was founded in 1997 and is based in Folsom, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 SGS

Louisville, Kentucky, United States

SGS is a global provider of packaging graphic services to branded consumer products companies, retailers and the printers that service them. SGS was founded in 1946 and is based in Louisville, Kentucky.

Sell -
Mergr

Product

Company

Legal