- Onex invested via its Onex Partners V fund
- Morson is based in Manchester, UK
- Onex is a private equity firm based in Toronto
Onex Corporation has acquired a majority interest in Morson Group, an engineering and technical staffing and workforce service provider, alongside the founding family CEO Ged Mason and members of the management team.
Morson is based in Manchester, UK, with growing operations in the UK, US, Italy, Canada and Australia.
Onex invested via its Onex Partners V fund.
“Morson’s ability to deploy unique sector knowledge and innovative solutions to its clients in highly resilient sectors of the economy is unique,” said Nigel Wright, co-head of Onex Partners. “We are attracted by its growth profile, corporate culture and multiple opportunities for value creation going forward.”
Mason will continue as CEO of Morson.
No financial terms of the transaction were disclosed.
Based in Toronto, Onex is an alternative asset manager focused on two primary businesses: private equity and private credit. It currently oversees $49.7 billion of assets.