Investment Summary

PNC Erieview Capital and Owner Resource Group Invest In OTR

On July 19, 2019, mezzanine finance firm PNC Erieview Capital and private equity firm Owner Resource Group invested in manufacturer OTR

Investment Highlights
  • This is PNC Erieview Capital’s 3rd and Owner Resource Group’s 2nd transaction in the Manufacturing sector.
  • This is PNC Erieview Capital’s 17th and Owner Resource Group’s 11th transaction in the United States.
  • This is PNC Erieview Capital’s 1st and Owner Resource Group’s 2nd transaction in Georgia.

Investment Summary

Date 2019-07-19
Target OTR
Sector Manufacturing
Investor(s) PNC Erieview Capital
Owner Resource Group
Deal Type Growth Capital

Target

OTR

Rome, Georgia, United States
OTR is a global manufacturer and provider of specialized off-the-road tires, wheels, mounted tire-wheel assemblies and rubber tracks for the construction, lawn and garden, mining, and agriculture end-markets, among others. OTR sells highly customized products, along with a variety of standard lines, to top multinational original equipment manufacturers (“OEMs”) and aftermarket customers. OTR was founded in 1987 and is based in Rome, Georgia.

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Investor(S) 2

DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 17 of 39
Sector (Manufacturing) 3 of 4
Type (Growth Capital) 6 of 13
State (Georgia) 1 of 2
Country (United States) 17 of 39
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Signature Systems Group

Flower Mound, Texas, United States

Signature Systems Group is a manufacturer of composite mats for worksite safety and ground protection. Signature Systems Group’s products are utilized in the construction, power transmission, infrastructure, energy, and special events industries. Signature Systems Group was formed in 1998 and is based in Flower Mound, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Richards Industrials

Cincinnati, Ohio, United States

Richards Industrials is the parent company of six distinct industrial product lines: Regulators and control valves from Jordan Valve®; sanitary regulators and control valves from Steriflow Valve®; ball valves and automated products from Marwin Valve®; high pressure – extreme low flow regulators from LowFlow Valve®; instrument valves and manifolds from Hex Valve®; steam traps and steam specialty equipment from Bestobell Steam Traps®. Richards Industrials was founded in 1999 and is based in Cincinnati, Ohio.

Buy -
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 12 of 18
Sector (Manufacturing) 2 of 3
Type (Growth Capital) 3 of 9
State (Georgia) 2 of 2
Country (United States) 11 of 16
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Advantage Business Marketing

Rockaway, New Jersey, United States

Advantage Business Marketing is a full-service digital marketing and information services company that provides publishing information to innovators at science, design engineering and manufacturing companies discover and procure new technologies that give them a competitive advantage. Advantage Business Marketing was founded in 2006 and is based in Rockaway, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Kmco

Houston, Texas, United States

Kmco LLC is an operator of specialty chemical company serving the automotive, petroleum, industrial, and agricultural markets. Kmco was founded in 1975 and is based in Houston, Texas.

Sell -