UK staffing firm Morson gets majority stake from Onex Partners
TORONTO, CANADA and MANCHESTER, ENGLAND — Staffing company Morson Group (Morson) has received a ‘majority’ investment from buyout fund Onex Partners V.
The investment was made alongside founding family CEO Ged Mason and management team members. Mason, who has been with Morson since 1986, will remain as the firm’s CEO, a position he’s held since 2005.
“Morson is an excellent business and a leader with pedigree in its core markets,” said Adrien Faure, a Managing Director of Onex Partners.
“The investment aligns with our theme of investing in businesses that help to solve the need for technical and specialist skills alongside the best management teams. It builds on our track record in the broader human capital management sector.”
Morson offers engineering and technical staffing and workforce solutions to various industries, including aerospace, automotive, construction, information technology and digital, manufacturing, maritime, nuclear, professional services, and rail.
Headquartered in Manchester, United Kingdom, Morson employs 1,500 people in over 60 locations. It has operations in the United States, Italy, Canada, and Australia.
Onex Partners V is a buyout fund managed by private equity firm Onex. In 2017, the parent company raised US$7.15 billion for its fifth flagship fund, backed by current and new investors. Last year, Onex discontinued raising funds for Onex Partners VI, noting the time-consuming sourcing process.
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