Market Overview

Owner Resource Group Invests in K-Tec Earthmovers

Share:

Owner Resource Group, LLC ("ORG") announced today it has acquired K-Tec
Earthmovers ("K-Tec"), an industry leading manufacturer of pull-pan
earthmoving scrapers and accessories for the construction, mining, and
agriculture end-markets, among others.

Austin-based ORG partnered with the owners and management of K-Tec to
acquire a majority stake of the company. Founded in 2000, K-Tec has
grown to be an industry leader with a reputation for product excellence
and innovation.

"We are excited about our partnership with K-Tec," said ORG Managing
Director Jon Gormin. "K-Tec has an outstanding track record of product
innovation, manufacturing excellence, and responsive customer service.
We believe the company is well positioned to build on its past success
and look forward to supporting their continued growth."

Benefitting from strong equipment dealer relationships in the United
States, Canada, and internationally, the Company has grown consistently
since its founding and manufactures a variety of earthmoving scrapers
and land levelers. K-Tec's high-capacity, minimal maintenance,
lightweight, and durable scrapers have proven to work across a wide
range of applications and soil types. K-Tec offers the largest scrapers
in the marketplace backed by an industry leading 3-year structural
warranty.

"I've gotten to know Owner Resource Group over an extended period of
time through their involvement in our industry," said Russ Goosen, CEO
of K-Tec. "ORG shared a vision of growth with our entire team and ORG
can bring resources to expedite our growth trajectory. ORG's alignment
with K-Tec's core values and support of the current management team
further strengthened our belief in the mutual benefits of our
partnership."

ORG led the transaction which received additional financing support from
Cadence Bank NA. The transaction closed on June 29, 2018.

Owner Resource Group, LLC

Owner Resource Group is an Austin, Texas based private investment firm
founded to bring superior, enduring results to privately held
businesses. ORG partners with business owners and management teams,
leveraging our shared values to help businesses pursue their objectives
and accelerate the growth of their companies in a disciplined manner.

For additional information, please visit www.orgroup.com.

View Comments and Join the Discussion!