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QS+S Represents ORG-backed K-Tec in Acquisition of Ashland Industries

February 28, 2020smiller

Queen Saenz + Schutz PLLC represented Manitoba, Canada-based K-Tec Earthmovers (K-Tec), a portfolio company of firm client Owner Resource Group, LLC, in its recent acquisition of Ashland, Wisconsin-based Ashland Industries (Ashland).

With manufacturing facilities in Manitoba, Canada and extensive dealer relationships across the United States and internationally, K-Tec is a leading manufacturer of earthmoving scrapers and accessory products serving the construction, mining, and agriculture markets.  Ashland manufactures a full line of pull-type earthmovers for customers of all sizes and supplies construction-grade offset disc harrows for deep plowing, mixing and aerating.

As part of the firm’s role in the transaction, QS+S also advised on an amended credit facility with Cadence Bank in support of the acquisition and K-Tec’s ongoing growth.

More information on K-Tec, Ashland and the transaction may be found here.

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