Citizens advises Orttech on recapitalisation by Main Street Capital Corporation

Citizens M&A Advisory has served as the exclusive financial advisor to Orttech, Inc on its majority recapitalisation by Main Street Capital Corporation (NYSE: MAIN).

Headquartered in Solon, OH, Orttech is a leading value-added distributor delivering mission-critical torque control products to a diverse range of industrial power transmission end markets. Established in 1977, Orttech serves the press, marine, winch and agriculture markets, amongst others, with premier products and top-end service and expertise to its loyal, longstanding customer base.

Greg and Steve Zenczak, owners of Orttech, says: “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 realise that valuation. 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.”

Kevin Mayer, managing director at Citizens M&A Advisory, says: “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. 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.”

Citizens M&A Advisory specialises in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realise our clients' true value. The Citizens team has closed more than 170 transactions in the last five years and has more than 60 M&A professionals specialising in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc, a subsidiary of Citizens Financial Group (NYSE: CFG).