The 2020 Mid-Year Economic Update_long

Ohio Transmission Acquired by Private Equity Firm

Industrial equipment service provider and distributor will retain existing management team.

Industrial equipment service provider and distributor Ohio Transmission Corp., Columbus, OH, has been acquired by private equity firm Irving Place Capital. Terms of the transaction were not disclosed.

Founded in 1963, OTC serves more than 11,000 customers across diverse end-markets with product offerings that include pumps, bearings, power transmission, factory automation, and compressed air products and related services.

One of OTC's divisions is OTP Industrial Solutions, which provides solutions for industrial motion control, fluid power, power transmission and pumping systems, and is No. 38 on MDM's 2015 list of the Top 40 Industrial Distributors.

OTC’s management team, led by CEO Phil Derrow, will continue in their current roles and will retain equity ownership in the business.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.