Ontario Drive & Gear Limited - Onex Falcon
Ontario Drive & Gear Limited
Independent sponsor in need of a flexible capital partner to provide junior debt and preferred equity in support of a buyout with a tight commitment timeframe
Business Description:
ODG is the world’s leading manufacturer of amphibious extreme terrain vehicles for commercial and recreational use, which it sells under the Argo brand. ODG is also a leading manufacturer of high quality gears, couplings and transmission components to third-party Original Equipment Manufacturers (“OEMs”) across diversified end markets.
Falcon Solution:
Falcon partnered with Aperion Management to acquire ODG. Working under a tight timeframe, Falcon provided a flexible capital solution appropriate for a growing company, including second lien notes and preferred equity, to supplement the equity capital invested by Aperion Management.
