“We are excited to partner with Onex for Farsound’s next phase of growth. Onex shares our vision for growth of the business, and we have been impressed by both Onex’ experience and track record of helping businesses realize their growth ambitions. We look forward to working together and amplifying Farsound’s growth opportunity through our partnership,” stated Chris Knott, Chief Executive Officer of Farsound.

Faiz Hemani, a Managing Director at Onex Partners, said “We are delighted to invest in Farsound and partner with Chris Knott and the management team to deliver on the next phase of its growth.

We look forward to applying our aviation and aerospace networks for the company’s benefit across its customer landscape.”

This investment builds on Onex Partners’ successful long-term track record in the aviation and aerospace sectors and investing in businesses with differentiated value propositions in structurally growing end-markets. The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.

About Onex
Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices and high-net-worth individuals. In total, Onex has $49 billion in assets under management, of which $8.5 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit www.onex.com.