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Canada's Onex Partners to acquire Aon Warranty Group.


Global broker Aon Corp. intends to sell Aon Warranty Group to Toronto-based Onex Onex may mean:
  • Onex, Switzerland, a city in the canton of Geneva
  • Onex Corporation, a Canadian investment firm
 Partners for approximately $710 million.

Onex Partners, the private equity arm of Onex Corp., one of Canada's largest companies with global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map.  in service, manufacturing and technology industries, will acquire Aon Warranty's worldwide operations, which include Virginia Virginia, state, United States
Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE).
 Surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act.


surety n.
 Co.

The management team from Aon Warranty Group also is making a significant investment in the new partnership, Onex said in a statement.

The acquisition is subject to regulatory approvals and is expected to close in the fourth quarter.
COPYRIGHT 2006 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Canada's Onex Partners to acquire Aon Warranty Group.
Publication:Best's Review
Article Type:Brief article
Geographic Code:1USA
Date:Aug 1, 2006
Words:90
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