Aperion, Falcon Investment buy Ontario Drive & Gear from Stone Arch Capital

Ontario Drive & Gear Ltd has been bought by U.S. private equity firms Aperion Management and Falcon Investment Advisors for an undisclosed amount. The deal, which was done in partnership with company management, was also joined by ORIX Corporate Capital and Ocean Avenue Capital Partners. The primary seller of Ontario Drive & Gear was U.S. private equity firm Stone Arch Capital, which acquired the business in January 2006. Based in New Hamburg, Ontario, Ontario Drive & Gear is a manufacturer of amphibious utility/extreme terrain vehicles for commercial and recreational use under the Argo brand. It was founded in 1962.

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