ONCAP acquires majority stake in Walter Surface Technologies
ONCAP, the mid-market investment arm of Canadian private equity firm Onex Corp, has acquired a majority stake in Walter Surface Technologies, a Pointe-Claire, Québec-based provider of solutions for the metal working industry. Terms weren't disclosed. The seller is Canadian family office Walter Group of Cos, which will retain a minority interest. Walter was established in 1952. It provides abrasives, power tools, tooling, chemical solutions and environmental solutions to a range of end markets and has a presence in seven countries in North America, South America and Europe. Marc-André Aubé, Walter's newly-appointed CEO, said ONCAP will support Walter's growth organically and through add-on acquisitions.
21 September 2018•4 mins read
