ONCAP and Griffon Corporation Announce the Launch of Veritage Brands
Griffon Corporation and ONCAP have launched Veritage Brands, a joint venture combining Griffon’s AMES tools business with ONCAP’s Venanpri Group subsidiaries. The new entity will be majority-owned by ONCAP (57%) with Griffon holding a 43% equity stake, effectively spinning off Griffon’s tools segment into a global platform.
Key figures
- Onex aum
- $55.8 billion
- Oncap aum
- $3.7 billion
- Oncap equity interest
- 57%
- Onex investing capital
- $9.4 billion
- Griffon equity interest
- 43%
AI analysis
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