About Emerald Expositions, LLC

Investment firm Onex holds equity interests in companies across several industries in North America. It mainly focuses on manufacturing and health care, but has holdings in the financial services, building products, and transportation sectors. While large-cap private equity is its biggest segment, the company also invests in debt and credit securities and real estate, including real estate investment trusts, commercial real estate loans, and residential developments. Its ONCAP family of private equity funds invests in mid-cap firms. Altogether, Onex has some $11.8 billion in third-party capital under management and about $14.1 billion in all. Onex also owns US insurance brokerage firm USI.

Geographic Reach

Onex is stationed in Ontario, Canada, and has other offices in London and New York. The US accounts for 60% of its revenue. Other major markets include Europe(19%) and Asia and Oceania (13%).

Operations

The company's portfolio includes interests in Spirit AeroSystems, The Warranty Group, electronics manufacturer Celestica, and business process outsourcer Sitel, in addition to minority stakes in airplane manufacturer Hawker Beechcraft. (It sold off its remaining stake in Allison Transmission in late 2014.) Onex's health care holdings include Res-CareSkilled Healthcare Group, and the Center for Diagnostic Imaging. 

Financial Performance

Onex achieved a revenue milestone in 2013, generating a record-setting $27.8 billion. However, the firm posted net losses of $121 million in 2012 and $354 million in 2013 primarily due to higher operating expenses and a loss from continuing operations.

The historic revenue growth for 2013 was driven by a 9% increase in its building products segment revenue as a result of higher revenue from North America and Europe. North American segment revenue climbed due to increased demand from new customers in addition to a previous acquisition.

Strategy

When considering acquisitions, Onex seeks out growth investments, restructurings, and subsidiaries or divisions being sold by large corporations.  It prefers to take a controlling position in its holdings, which enables it to make strategic decisions, though Onex does not usually get involved in the day-to-day activities of its companies.

In late 2014 it agreed to pay up to $4.6 billion for Swiss packaging company SIG Combibloc. Onex subsidiary USI also in 2014 agreed to acquire more than 40 insurance brokerage and consulting locations nationwide from financial services company Wells Fargo & Company.

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Emerald Expositions, LLC

31910 Del Obispo St #200
San Juan Capistrano, CA 92675-3182
Phone: 1 (949) 226-5700
Fax: 1 (646) 654-5816
www.nielsen.com

Stats

  • Employer Type: Public
  • Sales Manager: Krista Dill
  • Ceo: Kosty Gilis
  • Accounts Payable Manager: Misty Winston

Major Office Locations

  • San Juan Capistrano, CA

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