Investment Summary

Owner Resource Group Invests In K-Tec

On July 26, 2018, private equity firm Owner Resource Group invested in machinery company K-Tec

Investment Highlights
  • This is Owner Resource Group’s 2nd transaction in the Machinery sector.
  • This is Owner Resource Group’s 1st transaction in Canada.
  • This is Owner Resource Group’s 1st transaction in Manitoba.
Investment Fate
  • K-Tec was sold to a consortium of financial buyers in 2022.

Investment Summary

Date 2018-07-26
Target K-Tec
Sector Machinery
Investor(s) Owner Resource Group
Deal Type Growth Capital

Target

K-Tec

Rosenort, Manitoba, Canada
K-Tec is a manufacturer of pull-pan earthmoving scrapers and accessories for the construction, mining, and agriculture end-markets, among others. K-Tec was founded in 2000 and is based in Rosenort, Manitoba.

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Investor(S) 1

DESCRIPTION

Owner Resource Group is a private investment firm focused on acquiring small, profitable companies with at least $3 million of EBITDA. The Firm is a generalist investor but has a preference for engineering-intensive manufacturing, service-supported distribution, and niche services companies. Owner Resource Group is a long-term investor and typically acquires majority positions. Owner Resource Group was established in 2007 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 11 of 18
Sector: Machinery M&A 2 of 2
Type: Growth Capital M&A Deals 2 of 9
State: Manitoba M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 Precision Hydraulic Cylinders

Beulaville, North Carolina, United States

Precision Hydraulic Cylinders is a manufacturer and supplier of hydraulic cylinders for original equipment manufacturers in the lift-truck, material handling, and mobile equipment markets. Precision Hydraulic Cylinders was founded in 1997 and is based in Beulaville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 Richardson Molding

Columbus, Indiana, United States

Richardson Molding is a manufacturer of proprietary and custom injection molded products primarily serving the industrial lead-acid battery market. Richardson Molding provides battery containers and covers to an attractive base of national original equipment manufacturers (“OEMs”) producing batteries in a variety of end markets including motive power, stationary/reserve power, and starting, lighting and ignition (SLI) power. Richardson Molding is based in Columbus, Indiana.

Sell -