ONCAP and Griffon Corporation announce launch of Veritage Brands

Torys acted as counsel to ONCAP and Venanpri with a team led by Stefan Sauder (corporate/M&A) and Jonathan Wiener (financing) and that included Michael Portner Gartke, Alastair Smith, Jaidyn McEwen and Adam Sussman (corporate/M&A), Nina Mansoori, Rebecca Jennings, Erin Shin, Martin Owusu, Kaija Airhart, Allison Choi, Daniel Tian, Hannah Atkinson, L’Ashante Henry (financing), Ed Fan and Denver Bandstra (IP), Christopher Caparelli, Ian Li and Jennifer Fong (regulatory), Ellie Kang and Parker Baglole (employment), Alex Tanenbaum and Andrew Bedford (real estate) and Michelle Lu and Chris Saki (tax).

On June 10, 2026, ONCAP, the lower mid-market private equity platform of Onex Corporation, and Griffon Corporation (“Griffon”) announced the launch of Veritage Brands (“Veritage”), a leading global provider of hand tools, home organization solutions, and lawn and garden products for professionals and consumers.

Veritage was formed through a joint venture of Bellota Tools, Corona, and Burgon & Ball, formerly subsidiaries of the Venanpri Group (“Venanpri”), majority-owned by ONCAP, and Griffon’s AMES Companies (“AMES”) businesses in North America.

The joint venture will combine Bellota Tools, Corona, and Burgon & Ball, which are currently subsidiaries of the Venanpri Group (“Venanpri”), ONCAP’s majority-owned portfolio company, and Griffon’s AMES Companies (“AMES”) businesses in North America, which are currently part of Griffon’s Consumer and Professional Products (“CPP”) segment.

Veritage is managed as a subsidiary of Venanpri, which, together with other affiliates of ONCAP, hold a 57% equity interest. Griffon Corporation participates in the governance and oversight of the joint venture as a 43% equity holder. Venanpri’s Agrisolutions business, including the Bellota Agrisolutions and Ingersoll brands, are not part of Veritage and will continue to be wholly owned by Venanpri.

Further information can be found on Business Wire’s website.

ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis.

Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. It oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. It provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as divestitures.