Oncap has purchased a majority stake in Komar Industries Inc., in partnership with the Koenig family.
Headquartered in Groveport, OH, Komar is a designer and manufacturer of industrial waste and recycling processing systems. The company specializes in auger processing technology and provides a comprehensive portfolio of products, including auger compactors, industrial shredders, continuous feed systems, flatteners, dewatering systems, and organic separation presses.
“Komar is a market leader due to a relentless focus on manufacturing excellence, innovation, advanced engineering expertise, exceptional customer service and safety. We’re thrilled to be aligned with a team doing its part to safely and efficiently process waste and help its customers achieve their corporate sustainability goals,” said Stephen Marshall, a principal with ONCAP. “Further, we’re excited to partner with Mark Koenig and the entire Komar team to build upon the entrepreneurial spirit and vision that Larry Koenig created more than 40 years ago.”
“The Koenig family is excited to continue the next chapter of Komar in partnership with the ONCAP team. Komar has seen significant growth over the last several years as it continues to innovate new product and service offerings. The experience and resources ONCAP brings to the partnership will be instrumental as we continue to expand the platform. The level of professionalism, resources and vision the ONCAP team showed during the entire process gave our family the confidence that they were the right partner for Komar,” said Mark Koenig, president of Komar.
The investment was made by Oncap IV, an Onex Corp. fund.