ONCAP and Griffon to form a joint venture.

ONCAP, the private equity firm platform of Onex, and Griffon, a diversified management and holding company, agreed to form a joint venture. Financial terms were not disclosed. “This transaction brings together global leaders in professional and consumer tools, home storage and organization solutions, and lawn and garden products. The combination of Venanpri and AMES will allow us to leverage the strengths of both organizations while streamlining operations and capturing the benefits of economies of scale. We are excited to work with our partners at Griffon to realize this vision,” Michael Lay, ONCAP Executive Chair.