Onex reports third-quarter profit up from a year ago

Detailed summary

Private equity firm had $9.6-billion of investing capital as of Sept. 30, up from the previous quarter

Onex Corp. ONEX-T reported a third-quarter profit of US$97-million, up from US$39-million in the same quarter last year.

The Toronto-based private equity firm, which keeps its book in U.S. dollars, says the profit amounted to US$1.28 per diluted share for the quarter ended Sept. 30.

The result compared with a profit of 57 US cents per share in the third quarter of 2025.

Onex CEO Bobby Le Blanc says the company delivered a solid third quarter with significant achievements across its platforms.

Onex says it had about US$9.6-billion of investing capital as of Sep. 30, up from US$9.5-billion at June 30 and US$8.7-billion at the end of 2025.

Earlier this year, Onex completed its deal to buy Convex Group Ltd., a specialty property and casualty insurance and reinsurance business, in partnership with American International Group Inc.

Opening of the article, excerpted from The Globe and Mail (Report on Business). To read the rest, open the article on the publisher's site.