ONCAP acquires minority stake in Wyse Meter Solutions

ONCAP, the mid-market investment arm of Canadian private equity firm Onex Corp, has acquired a minority interest in Wyse Meter Solutions Inc, a Newmarket, Ontario-based provider of submetering and utility expense management services. No financial terms were disclosed. Founded in 2006, Wyse serves the multi-residential, condominium and commercial markets in Canada, helping building owners, developers and operators manage their utility costs. ONCAP Managing Director Mark Gordon said his firm will partner with Wyse's management team to achieve additional organic and acquisition-led growth. ONCAP invested through ONCAP IV, which raised about $1.5 billion (US$1.1 billion) in 2016.

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