Citizens M&A Advisory served as the exclusive financial advisor to Orttech on its majority recapitalization by Main Street Capital.
Headquartered in Solon, OH, Orttech is a distributor delivering torque control products to a range of industrial power transmission end markets. Established in 1977, Orttech serves the press, marine, winch and agriculture markets, amongst others.
“Citizens was the only banking group who clearly understood the uniqueness of our business and reflected it in the way they valued the business and ultimately helped us realize that valuation,” Greg and Steve Zenczak, owners of Orttech, said in a joint statement. “Jason Anderson and Kevin Mayer ran an incredibly well-structured, professional and efficient process. They exceeded our expectations throughout and provided critical expertise to the company, as well as to the buyers. If we had another business to sell, we would definitely choose the Citizens team again.”
“It was an honor and pleasure advising Greg and Steve Zenczak in this milestone event and helping them monetize over 30 years of hard work and dedication to their customers and employees,” Mayer, who is a managing director at Citizens M&A Advisory, said. “The partnership with the Main Street team will provide Orttech with all the tools necessary to expand the business and take it to new heights. We are all excited to follow the continued growth of Orttech for years to come.”
