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Onex Corp. to Acquire Aon Warranty Group/Resource Automotive

July 10, 2006

GLENVIEW, Ill. -- Onex Corporation has agreed to acquire Aon Warranty Group (AWG), including its Resource Automotive unit with the deal expected to close in the fourth quarter of 2006.

AWG provides extended warranty products and Resource Automotive provides such financial services products as inventory optimization tools, service contracts, GAP, credit insurance and training.

"We will work with AWG’s management team to grow the business and to pursue a variety to attractive opportunities to expand its product offerings, distribution channels and geographic reach," says Robert Le Blanc, an Onex managing director.

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