Century-Tech, Inc.
An Exporter's Down-to-the-Wire Close
The Business
Century-Tech manufactures flexible packaging machinery from New York and ships it around the world, the kind of niche industrial exporter that quietly anchors its corner of the market. The owner ran a tight, responsive operation and committed to a full year of post-close transition to hand the business over right.
The deal's craft was in the structure. The buyer financed through a specialized SBA International Trade Loan designed for exporters, and instead of buying the inventory outright at close, structured it on consignment, paying as machines sold. It is a case study in fitting the financing to the business rather than forcing the business into a standard template.
Transaction Timeline
How the Deal Happened
The buyer connected with Century-Tech on Rejigg in August 2024 and signed an LOI in September. Diligence, export financing, and a hard-fought lease negotiation ran through the winter, including a last-minute tax wrinkle resolved on nearly the final day, and the deal closed in February 2025. The same day the papers were signed, the company held an all-hands meeting where employees met their new owner.
Deal Highlights
Export Financing
Closed with a specialized SBA International Trade Loan built for exporters.
Consignment Structure
Inventory paid for as it sold rather than purchased upfront at close.
One-Year Transition
The owner stayed on for a full year to hand the business over right.
Same-Day All-Hands
Employees met their new owner the day the final papers were signed.
The Buyer
Clinton Townsend acquired Century-Tech through The Oakdale Company, his private investment firm, returning to business ownership after a career in payment processing and technology. He found Rejigg through a search engine, financed through First National Bank of Pennsylvania's SBA trade program, and stepped in with the prior owner staying close for a year-long transition.
Announcement
The Oakdale Company Acquires Century-Tech, Inc., A Packaging Machinery Manufacturer Gearing Up for Strategic Expansion
SAN FRANCISCO, Mar. 21, 2025 – Rejigg announced today that Century-Tech, Inc., a leading manufacturer of flexible packaging machinery, has been acquired by The Oakdale Company, a private investment firm employing patient capital to drive business growth and operational excellence for industry leading companies. With this acquisition, The Oakdale Company is making a significant investment into Century-Tech's future, positioning the company for rapid expansion through both organic growth and strategic acquisitions. Under The Oakdale Company's stewardship, Century-Tech will accelerate product development, scale operations, and expand its market reach. The company plans to grow aggressively both organically through innovation and inorganically through the acquisition of complementary packaging machinery companies. Over the coming months and years, Century-Tech will actively seek add-ons and tuck-in acquisitions to enhance its capabilities and broaden its product offerings for packaging clients across North America, Central America, the Caribbean, Asia, and Africa. "The Oakdale Company is committed to Century-Tech's long-term success and growing the company to become a significant partner to the industry's converting leaders," said Clinton Townsend, CEO of The Oakdale Company. "We see immense opportunity to expand Century-Tech's market presence and product portfolio, and we are actively seeking additional acquisitions to complement and strengthen its offering. Our focus is on sustainable, strategic growth that benefits customers, employees, and the broader industry." The introduction and eventual transaction between Century-Tech and The Oakdale Company was in part made possible by Rejigg, a revolutionary platform that allows qualified buyers to connect directly with unbrokered, off-market businesses that are looking to transact. Century-Tech originally joined Rejigg in August 2024 and was contacted by Clinton Townsend within their first few days on the platform. The parties had their first call later that week and signed an LOI in October. The deal closed on February 28, 2025. About Century-Tech Founded in 2009 and headquartered in Hampstead, NY, Century-Tech Inc. specializes in manufacturing and distributing plastic bag machines and replacement parts. They offer a comprehensive range of services, including mechanical and electrical repairs, equipment rebuilding, and the provision of both new and rebuilt servo-controlled plastic bag-converting machines. Their product lineup features various models of bag-making machines, multiple unwind styles, and a full array of attachments, catering to diverse plastic bag production needs. For more information visit www.century-techinc.com. About The Oakdale Company The Oakdale Company is a private investment firm focused on the long-term ownership and growth of established businesses. Unlike traditional private equity investors, Oakdale does not take outside investors and prioritizes strategic, patient investments in companies with between $5 Million - $25 Million in revenue allowing businesses to thrive without short-term pressures of financial returns. For more information visit www.oakdalecompany.com. About Rejigg Rejigg is a platform that connects owners of small businesses with qualified acquirers and investors. Through their proprietary platform, Rejigg enables buyers and sellers to discover new opportunities, message directly with interested parties, and easily schedule introductory calls to explore potential deals. To date, Rejigg has built a marketplace that includes 400+ off-market businesses and has made over 6,000 introductions between small business owners and interested buyers. Based in San Francisco and venture-backed, Rejigg is simplifying the process of buying and selling SMBs by using technology to eliminate friction in the discovery process, increase transparency, and reduce transaction costs. For more information, visit rejigg.com.
What's your business worth?
Sign up to learn more about selling your business. Free valuation included.