Arjun, Fengate buy ONroute Services Centres from Kilmer, HMSHost
Arjun Infrastructure Partners and Fengate Asset Management have acquired ONroute Services Centres, a Toronto-based operator of a chain of 23 service plazas and rest areas along highways in Ontario. Terms weren't disclosed. The sellers are KD Infrastructure LP, an affiliate of Canadian family office Kilmer Group, and the Canadian subsidiary of U.S.-based HMSHost Corp. Founded in 2010, ONroute currently serves more than 40 million motorists per year. It exclusively operates centres for Highways 400 and 401 and has a first right of opportunity to develop centres for other 400 series highways. Arjun is a U.K. infrastructure investment firm. Fengate is a Canadian investor in infrastructure, private equity and real estate.
13 June 2019•3 mins read
