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New Deal


Announced

Onex to acquire Fidelity Building Services Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

Single Bidder

Pending

United States

Friendly

Majority

Cross Border

Private

service industry

industrial engineering

mechanical engineering services

Specialty Contracting

Synopsis

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Onex, a private equity fund focused on mid- to large-cap opportunities, agreed to acquire Fidelity Building Services Group, a full-service mechanical engineering, contracting, and service company. Financial terms were not disclosed. “Fidelity BSG has a strong reputation for providing its customers with high-quality service supported by differentiated technical expertise. The company is well-positioned to benefit from an increasing focus on improving energy efficiency, indoor air quality and occupant comfort in buildings. We’re delighted to be partnering with the Fidelity BSG team to support its continued organic growth and help accelerate its successful acquisition strategy," Matt Ross, Onex Managing Director.

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