OTC Nets 3rd Acquisition in Week

Ohio Transmission Corporation acquired Diversified Pump, the company’s third announced acquisition over the past week.
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Columbus-based Ohio Transmission Corporation — an industrial equipment service provider and distributor — acquired Diversified Pump, a provider of pumps, heat exchangers, gas compressors and service to industrial customers throughout the New England region.

Financial details were not disclosed.

The acquisition is the third OTC has announced in the past week. The company also acquired TP Pump and Critical Rental Solutions.

“The acquisition of Diversified Pump further expands our regional footprint up the east coast and into the New England area,” said Chip Toth, OTC segment president of the Pump Motor Technologies Segment. “We knew that Diversified Pump shared our commitment to be the best service provider after learning of the team’s extensive design, engineering and repair capabilities, along with their 24/7 emergency service. We are excited to bring them on board.”

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