Private Equity: Onex Corporation Promotes Le Blanc to President

Private equity firm Onex has promoted Bobby Le Blanc to president.  He will now oversee all business ventures and will serve as head of Onex Partners.  Le Blanc will also be in charge of reporting to Chairman and CEO Gerry Schwartz.  According to Schwartz, “Having joined the firm more than 20 years ago, Bobby represents the best of Onex.  I am confident he will continue to be a positive force in our future success and Onex, our shareholders and our partners will continue to benefit from his proven leadership.”  

Onex is developing an extensive leadership plan with lots of expected growth.  For instance, Onex’s assets under management have grown to over $35 billion.  Private equity has accounted for $20 billion of Onex’s assets under management.  Onex’s acquisition of Gluskin Sheff in 2019 has helped contribute to this growth.  One of Le Blanc’s main goals as president is to expand Onex’s human capital and financial capital.  

Anthony Munk will serve as Vice Chairman and head of investment for Onex Partners.  Seth Mersky will leave his current position at Onex and join Gluskin Sheff as Vice Chairman.

Onex Corporation is an investment management firm located in Toronto, Canada.  It was founded in 1984 and currently holds $31.2 billion assets under management.  Onex Partners is Onex’s private equity arm that focuses on larger institutional investments.