Current Investments

Transaction Summary

ONCAP acquired Komar Industries ("Komar") in June 2021 in partnership with the founding family. 

Business Description

Headquartered in Groveport, OH, Komar is a leading designer and manufacturer of industrial waste and recycling processing systems. The Company provides a comprehensive portfolio of products, including compactors (auger, self-contained, and stationary), balers (vertical and horizontal), industrial shredders, continuous feed systems, flatteners / dewatering systems and organic separation presses. Established in 1977, Komar's products enable its customers to improve their processing of waste streams (e.g. corrugate, wood, e-waste, organics) while reducing their carbon footprint and their transportation, energy, maintenance and labor costs.

Investment Thesis

ONCAP was attracted to Komar for several reasons, including its (i) leading market position (ii) differentiated product technology and reputation for superior quality, (iii) significant white space potential, (iv) compelling industry tailwinds driven by investments in e-commerce, ESG and sustainability, (v) long-standing customer relationships, (vi) attractive free cash flow characteristics, and (vii) entrepreneurial management team. In partnership with the management team, ONCAP aims to create value by targeting new customer relationships, expanding wallet share with existing customers, continuing to expand the Company's presence in underpenetrated product categories, end markets, and geographies and through strategic acquisitions.