Onex chairman and chief executive Gerry Schwartz called Gluskin Sheff one of the largest and most respected independent wealth management firms in Canada.
Under the agreement, Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand. The deal, which requires regulatory, shareholder and court approvals and well as the satisfaction of customary closing conditions, is expected to close in the first half of 2019.