ONCAP acquires stake in agricultural tools maker Ingersoll Tillage
ONCAP, the mid-market platform of Canadian private equity firm Onex Corp, has acquired a "substantial portion" of the shares of Ingersoll Tillage Group Inc, a global manufacturer of consumable wear components embedded into agricultural soil preparation and seeding equipment implements. The financial terms of the deal were not dislosed. ONCAP is making the investment in partnership with Canadian entrepreneur Robert “Butch” Mandel, who has ownership interests in steel processing and distribution businesses in addition to his interests in Ingersoll Tillage. The company, which sells products in 80 countries around the world, has its primary offices in Hamilton, Ontario and Legazpi, Spain.
2 June 2015•2 mins read
