# ONCAP acquires majority stake in Walter Surface Technologies

ONCAP, the mid-market private equity platform of Onex, has acquired a majority stake in Montreal-based Walter Surface Technologies, with the Walter Group retaining a minority interest.

- Type: Acquisition
- Announced: 2018-09-24
- Where: Montreal, Canada
- Status: completed
- Products: abrasives, tooling, power tools, chemical solutions, welding process systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [ONCAP](https://endata.com/companies/2482.md) (acquirer)
- [Walter AG](https://endata.com/companies/16788.md) (partner)
- [Walter Surface Technologies](https://endata.com/companies/34485.md) (target)

## Sources

- [canadianmetalworking.com](https://www.canadianmetalworking.com/canadianfabricatingandwelding/news/metalfinishing/oncap-acquires-walter-surface-technologies), 2018-09-24: "ONCAP, the mid-market private equity platform of Onex, has acquired a majority stake in Montreal-based Walter Surface Technologies, in partnership with the existing management team."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.