ONCAP and Griffon Corporation Announce the Launch of Veritage Brands (opens in a new tab)
A new tools and home-organization company formed from ONCAP's Venanpri brands and Griffon's AMES businesses.
Private Equity
Onex's Toronto-led lower mid-market private equity platform, investing in North American consumer, industrial and services businesses.
ONCAP is the dedicated lower mid-market private equity arm of Toronto-listed Onex, founded in 2000 and run from Onex's Toronto and New York offices. It makes significant minority or control investments of about $20–250 million in North American companies with enterprise values of roughly $50–500 million across three verticals (consumer, industrials and services), and has completed 38 platform and more than 210 add-on investments. Its largest fund, ONCAP V, closed at US$1.3 billion in April 2025, and on 1 January 2026 long-time leader Michael Lay became Executive Chair while Adam Shantz and Steve Marshall took over as Co-Heads. Recent Canadian activity includes backing Oakville-based CSN Collision and exiting PURE Canadian Gaming and Englobe; senior team bios show Toronto banking and investing backgrounds, and it keeps a standing Toronto Associate listing.
0 open roles5 deals6 people55 sources
Investments in multi-location consumer services, the automotive aftermarket, and health and wellness; recent example is the October 2025 partnership with Oakville-based CSN Collision.
Engineered products and materials, and industrial systems, aftermarket and services; examples include Precision Concepts (packaging) and the Veritage Brands tools joint venture with Griffon.
Facility services, tech-enabled services and education; past examples include Englobe's Canadian engineering and environmental services business.
Functional heads for supply chain, talent, business development, and AI, data and analytics, plus a data science group, support operating companies alongside the deal team.
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Mid-market deal sizes with the Onex platform behind it: the resources of a large firm applied to businesses small enough to understand.
Operating improvement focus, so the work is as much about the company as the structure.
Clear path to seeing both mid-market and large-cap investing inside one organisation.
Smaller team than Onex Partners, so the responsibility profile is closer to a boutique fund.
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Hires Toronto investment-team associates with two to four years of investment banking or private equity experience; no analyst tier for new graduates, and no published internship or MBA route.
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Programs
North American collision and glass repair network of over 400 licensed and corporate-owned locations.
ConsumerSince 2025
Data Driven Holdings
Provider of website, retention and digital advertising technology to franchise auto dealerships.
ServicesSince 2025
Provider of maintenance, repair and overhaul services for industrial equipment in the U.S. Southeast and Midwest.
ServicesLakeland, FLSince 2025
North American platform that collects, sorts and resells used corrugated boxes for reuse.
IndustrialsMontreal, QCSince 2024
Vertically integrated medical device contract manufacturer specializing in micro-plastics, micro-metals and image-guided intervention devices.
IndustrialsSalt Lake City, UTSince 2023
U.S. provider of on-site before- and after-school childcare programs.
ServicesChicago, ILSince 2023
Image Specialty Partners
Specialty dental service organization providing business and administrative support to specialty dental practices.
ConsumerSince 2022
Developer and manufacturer of Pilates equipment, instructor education and fitness content, including the STOTT PILATES brand.
ConsumerToronto, ONSince 2022
Designer and manufacturer of industrial waste and recycling processing equipment such as compactors, balers and shredders.
IndustrialsColumbus, OHSince 2021
Canadian education provider for international students, including English language schools and college programs in Toronto and Vancouver.
ServicesSince 2019
U.S. provider of wireless, fiber, power and connectivity infrastructure services to telecom networks.
ServicesNew Braunfels, TXSince 2019
U.S. retailer of rebuilt branded-title used vehicles sold at a discount to comparable clean-title cars.
ConsumerWoods Cross, UTSince 2018
Precision Global
Global manufacturer of packaging dispensing products, including aerosol valves and actuators.
IndustrialsGreenville, SCSince 2018
Provider of industrial surface treatment consumables such as abrasives, chemicals, tooling and PPE.
IndustrialsPointe-Claire, QCSince 2018
Canadian provider of utility submetering and expense management for multi-residential, condo and commercial buildings.
ServicesConcord, ONSince 2018
Mayzon
Designer and marketer of bath accessories and home fashion products sold to U.S. retailers.
ConsumerNew York, NYSince 2017
Canada's largest retailer of professional hair care products, with salons and retail stores.
ConsumerMississauga, ONSince 2015
Manufacturer of wear components and hand tools for agriculture, construction and gardening.
ConsumerBenton Harbor, MISince 2015
Executive Chair
Partners
Joined ONCAP in 2000 and led it as Managing Partner for 25 years before becoming Executive Chair on 1 January 2026, where he supports the co-heads, investment decisions, LP relationships and the link with Onex. Previously ran Ontario Teachers' private equity group and was COO/CFO of VERSUS Technologies. Ivey HBA and CPA, CA.
Managing Partner, Co-Head
Partners
Joined ONCAP in 2010 from UBS investment banking in Toronto and became Managing Partner and Co-Head on 1 January 2026. Shares responsibility for operations, investment decisions, business development and team development, and oversees portfolio management strategy while chairing the exit and investment committees. Ivey HBA and CFA charterholder.
Managing Partner, Co-Head
Partners
Joined ONCAP in 2011 and became Managing Partner and Co-Head on 1 January 2026, sharing leadership of operations, investing and external relationships while also overseeing talent, procurement and financial reporting. Previously at CIBC Merchant Banking and Genuity's investment banking group in Toronto. Laurier HBA and CFA charterholder.
Managing Director
Principals and Directors
Joined ONCAP in 2012 from Toronto's Callisto Capital (now Clearspring Capital). Holds undergraduate and graduate degrees from the University of Waterloo and a Stanford MBA; CFA charterholder.
Managing Director
Principals and Directors
Joined ONCAP in 2007 and focuses on origination, diligence and portfolio development in the Consumer vertical. Previously in Deloitte Consulting's corporate strategy practice and at OMERS Capital Partners in Toronto. Ivey HBA.
Managing Director
Principals and Directors
Joined ONCAP in 2016 and focuses on Services-sector investments. Previously in investment banking at Canaccord Genuity and J.P. Morgan in Toronto. Ivey HBA.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Jan 1, 2026
Adam Shantz and Steve MarshallPromotion
Managing Partners and Co-Heads of ONCAP
ONCAP → ONCAP
ONCAP's January 2026 announcement made the two long-time partners joint leaders of day-to-day operations, strategy and investing, effective 1 January.
Jan 1, 2026
Michael LayAppointment
Executive Chair
ONCAP → ONCAP
After 25 years as Managing Partner, Lay moved to Executive Chair, staying involved in strategy, talent, portfolio oversight, investors and representing ONCAP within Onex.
Jun 10, 2026
Veritage Brands (joint venture of Venanpri's Bellota Tools, Corona and Burgon & Ball with Griffon's AMES North American businesses)
Majority owner / joint-venture partner · Hand tools, home organization, lawn and garden products
Buyer ONCAP / Venanpri Group and Griffon Corporation (joint venture)
ONCAP and NYSE-listed Griffon launched Veritage Brands, combining ONCAP-controlled Venanpri's tool brands with Griffon's AMES businesses. Venanpri and other ONCAP affiliates hold 57% and Griffon 43%; operations include Canada. Canaccord Genuity advised ONCAP and Venanpri, with Torys as legal counsel.
Oct 23, 2025
CSN Collision
Acquirer / lead investor · Automotive aftermarket (collision repair network)
Buyer ONCAP · Seller CSN founders (who remain shareholders)
ONCAP partnered with Oakville, Ontario-based CSN Collision, a network of 400+ collision repair centres, to acquire collision centres from the founders and build a corporate-owned platform alongside the licensee network. Harris Williams and Torys advised ONCAP; Origin Merchant Partners and Stikeman Elliott advised CSN.
Jul 15, 2025
Precision Concepts International, LLC
Seller (retaining minority stake) · Specialty rigid packaging
Buyer The Sterling Group · Seller ONCAP
Sterling agreed to buy a majority of North Carolina-based PCI, which also has a Canadian location, from ONCAP after about eight years of ownership; ONCAP and management stay on as minority investors.
Dec 10, 2024
PURE Canadian Gaming
Seller · Casino gaming (Alberta)
Buyer Indigenous Gaming Partners (backed by VICI Properties) · Seller ONCAP
Sale of Edmonton-based PURE, operator of four Alberta casinos with about 1,100 staff, to a company formed by five Nova Scotia First Nations with Sonco Gaming, after Alberta regulatory and Competition Bureau approvals. Stifel and CIBC Capital Markets advised PURE and ONCAP.
Jun 3, 2024
Englobe Corporation (engineering services business)
Seller · Engineering and environmental services
Buyer Colliers · Seller ONCAP
ONCAP signed an agreement to sell its stake in Laval, Québec-based Englobe, one of Canada's larger engineering and environmental firms, to Colliers; Englobe's soil-treatment and organic-waste unit was carved out for a separate sale.
A new tools and home-organization company formed from ONCAP's Venanpri brands and Griffon's AMES businesses.
Adam Shantz and Steve Marshall become Managing Partners and Co-Heads; Michael Lay moves to Executive Chair.
Michael Lay becomes Executive Chair after 25 years leading ONCAP.
ONCAP backs CSN's move to own collision centres alongside its independent network.
US$1.3 billion raised, including US$250 million from Onex.
Alberta casino operator sold to Indigenous Gaming Partners.
Onex launches ONCAP with a C$400 million first fund.
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ONCAP / Griffon Corporation · Jun 10, 2026 · assets.ctfassets.net
ONCAP · Jan 20, 2026 · assets.ctfassets.net
ONCAP / CSN Collision · Oct 23, 2025 · assets.ctfassets.net
The Sterling Group / ONCAP · Jul 15, 2025 · assets.ctfassets.net
Onex / ONCAP · Apr 7, 2025 · assets.ctfassets.net
Indigenous Gaming Partners / ONCAP · Dec 10, 2024 · assets.ctfassets.net
ONCAP · Jun 3, 2024 · assets.ctfassets.net
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Get your planAssociate (post-banking / post-PE) · Toronto
A standing Toronto Associate listing that ONCAP says is for future openings, not a current vacancy. It asks for 2–4 years in investment banking, private equity or similar, strong DCF/LBO modelling, and covers the full deal cycle in consumer, services and industrials plus portfolio support, investing from the US$1.3 billion fund. No analyst or student program is published.
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