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Scheer will also be joining the board […], Acquisition of service provider of mechanical and electric motor repair furthers OTC’s expansion into the Southwest COLUMBUS, Ohio — Jan. 21, 2020 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Laron Inc., a leading service provider of mechanical and electric motor repair and […], Acquisition of provider of industrial electrical services and equipment expands OTC’s footprint into the Southwest COLUMBUS, Ohio — Dec. 16, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Keller Electrical, a dominant provider of industrial electrical services, equipment, components and supplies serving […], Acquisition of North Carolina company enhances industrial pump and repair business in southeastern United States COLUMBUS, Ohio — Sept. 11, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Pumps, Parts and Service Inc., an industrial pump and repair company with service locations […], Acquisition of Furey Filter & Pump and PSI Engineering enhances pump, filtration, service and fabrication business COLUMBUS, Ohio — June 18, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Furey Filter & Pump and its subsidiary, PSI Engineering, two companies that together […], Acquisition of Filter and Coating Technology, Inc., enhances industrial finishing and sealant/adhesive capabilities COLUMBUS, Ohio — Feb. 11, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Filter and Coating Technology, Inc., an industrial distributor of finishing, dispense solutions, and filtration products with […], Acquisition of Tape Industrial Sales, Inc., enhances industrial finishing and sealant/adhesive capabilities COLUMBUS, Ohio — Oct. 2, 2018 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of Tape Industrial Sales, Inc. Company profile page for Ohio Transmission Corp including stock price, company news, press releases, executives, board members, and contact information COLUMBUS, Ohio — December 22, 2020 — Ohio Transmission Corporation (OTC), an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of JCI Industries, a leading provider of pumps, motors, […], COLUMBUS, OH – June 22, 2020 – After 38 years of service, Ohio Transmission Corporation’s (OTC) long-time Chief Executive Officer, Phil Derrow, will be transitioning to a new role as Chairman for the company. Tape Industrial Sales, Inc., will continue to operate under the same name and with current local management, including Ryan Tape, CEO, who will remain in a consulting role, and Ralph Ciolek, president, who will lead the team. Crimson Electric, founded in 1954 in Duncan, S.C., and grew to become one of the leading electrical apparatus service centers in the Carolinas. Acquisition of leading provider of commercial and industrial pumps, motors, controls, field service and remanufacturing furthers OTC’s expansion into Midwest. Ohio Transmission Corporation is a leading technical distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. “Keller Electrical aligns well with OTC’s existing family of companies and OTC’s growth strategy by providing its current and future customers in the western United States with a familiar and trusted name to bring solutions to customers in the industry.”, “Keller Electrical’s philosophy to be the absolute best industrial service provider combined with OTC’s commitment to dominate the markets they serve will give our customers unparalleled service and commitment,” said Eslick. Hose and Accessories. Material Handling Equipment/Supplies. Hose and Accessories. One of only three Graco-certified sealant and adhesive division technology centers, the company specializes in supplying the industry with paint, powder and sealant and adhesive application; and fluid management equipment, including fluid pumping, transferring, dispensing, metering and spraying equipment for paints, resins, adhesives, sealants, solvents, lubricants, inks, chemicals, foods and sanitary products. In the 1960s, the company had six employees. News. “The addition of Crimson Electric provides a great advantage to the OTP family as we expand our capabilities in electro-mechanical apparatus repair and service,” said Rob Webb, president of OTP Industrial Products. Active Lawyers; Law Firms; Active Lawyers The Chart shows a balanced list of partners advising Ohio Transmission Corporation - based on PBV Monitor's analyzed transactions. Ohio Transmission Corporation is a leading technical distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. CNX, Bettis Brothers partner to increase diversity in natural gas industry PumpTek, founded by Tim Marklay and Scott Sapita, has a … D.A. Charles and Debbie Wilson purchased the company in 1994 and continued to lead the company in growth and development of highly trained associates. To learn more about JCI Industries visit the company website https://jciind.com/. Laron will continue to operate under the Laron brand and with current local management, including Glenn Thoroughman, CEO; Larry Tree, president; John Hansen, COO; Gary Maclay, CFO; and a strong team of general managers already in place. OTC’s board of directors has named David Scheer as the new Chief Executive Officer. “The fit between OTP and TIS could not have been a better one, and I am excited and look forward to watching TIS continue to grow and succeed with the new opportunities this relationship will bring.”. Being part of OTP will also provide Tape with additional resources that will allow our sales force to offer a complete package to our customers.”. COLUMBUS, Ohio — December 22, 2020 — Ohio Transmission Corporation (OTC), an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of JCI Industries, a leading provider of pumps, motors, controls, field service and remanufacturing to commercial, industrial and environmental customers throughout the Midwest. “Tape will become an important part of our rapidly growing finishing and dispense business,” said Rob Webb, president of OTP Industrial Solutions. “The addition of PP&S and their dedicated associates further expands our reach and commitment to OTC’s customers in the southeastern markets. Find solutions for all compressed air system needs! Air Technologies® is the largest Atlas Copco air compressor distributor in North America. “Our team, which is staying on, brings a wealth of knowledge to the motor repair industry by reducing interruption of operations for our customers, reducing downtime and providing value-added services and products.”. Becoming part of OTP Industrial Solutions will offer growth opportunities for FACT employees, customers and suppliers, according to Workman. “At FACT, we are committed to our customers and suppliers, and we share in OTP’s core values of integrity, achievement, investment, and balance. “Although David has not been active in Ohio Transmission Corporation for many years, the values that he instilled remain the foundation of how we work for our customers, suppliers and other associates,” said Matt Piatt, COO/CFO of Ohio Transmission Corp. “The impact that he made to those both within OTC and the broader distribution world will not soon be forgotten.”. Transmission & Distribution World provides electric utility professionals with information about the latest technologies & solutions in the energy industry. “I am excited to hand over the reins to an executive as accomplished as David.”, Said Scheer, “I am honored and excited to join OTC as CEO. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. The acquisition allows Ohio Transmission Corporation to gain entry into the Southwest industrial services market and expand its value-added services offering. With this acquisition, Ohio Transmission Corporation now has 53 locations throughout the United States, along with 35 service shops. “We also know these are similar core values to OTP, which made this a good match. Laron will operate as a division of OTP Industrial Solutions, providing Laron with access to OTP’s vast product and service offerings and resources while expanding OTP’s service offerings. Ohio Transmission Corp. of Columbus has acquired Tape Industrial Sales, a company that specializes in industrial finishing and sealant/adhesive applications, according to a news release. Invenergy Blog Read our take on the state of the energy industry and how we’re pushing forward. As a division of OTP Industrial Solutions, Crimson Electric will have access to OTC’s vast product and service offerings and support resources. The addition of Buckeye Pumps’ 23 associates brings Ohio Transmission Corporation’s existing workforce to about 650 employees. COLUMBUS, Ohio — Sept. 11, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Pumps, Parts and Service Inc., an industrial pump and repair company with service locations in the Southeast. Subscribe. PP&S’s multi-state, multi-brand distributorship includes regional sales and service centers that cover Alabama, Georgia, North Carolina, South Carolina and Virginia. The addition of FACT to the OTC family will provide even better service and greater capabilities to all of our customers.”. 41 on Industrial Distribution's 2014 Big 50 List - … Miscellaneous. Ohio Transmission Corporation (OTC), the industrial equipment service provider and distributor has acquired Tennessee’s IDG Compressor, a full-service distributor of Quincy Compressor products and services for more than 30 years. From the very beginning, our company leaders stressed the importance of hiring and developing the best quality employees, treating them right and coupling their talents with a wide range of products from top manufacturers. “All of our team members are excited about the opportunities for growth in our region and the expanding capabilities that we have with OTC.”. “In return, PP&S offers OTP a powerful brand — including people, customers and vendors — built over the last 39-plus years in the Southeast region, one of the fastest growing industrial areas in the country.”. The addition of PP&S associates expands Ohio Transmission Corporation’s existing workforce to about 1,100 employees. Serves as Exclusive Financial Advisor to Keller Electrical Industries in Its Sale to Ohio Transmission Corporation, a Portfolio Company … With this acquisition, Ohio Transmission Corporation now has 37 locations throughout the South, Southeast, Midwest and Northeast regions, along with 16 service shops. “Laron’s extensive machining and fabrication capabilities, including field machining, along with the capability for handling the largest crusher, pump and other rotating equipment repair, are complementary to OTP’s existing service shops and further enhances our overall service offering to the entire OTP customer base,” said Rob Webb, President of OTP Industrial Solutions. “The company has built on its core values of innovation, responsiveness and quality service and has recognized that its associates are the company’s greatest resources, a value that makes them a great addition to our OTC family. An online guestbook is available at www.epsteinmemorial.com. Furey Filter & Pump and PSI Engineering will continue to operate under their current names and with current management, including George Furey, president, and Jack Furey, vice president, who will both remain with the organization. FirstEnergy’s 10 regulated distribution companies form one of the nation’s largest investor-owned electric systems, based on serving 6 million customers in the Midwest and Mid-Atlantic regions. The addition of Tape Industrial Sales, Inc.’s associates, including a team of sales engineers, expands Ohio Transmission Corporation’s existing workforce of more than 900 employees. Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of Crimson Electric, Inc., a company located in South Carolina.. READ MORE > 2/25/2021. “The two companies have a shared commitment to providing customers with exceptional service and innovative products, and there is a great alignment in culture.”. “Along with the recent acquisition of Keller Electrical, the addition of Laron further enhances our overall service offering and expands our regional footprint in the Southwest.”. Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announced the acquisition of Laron Inc., a leading service provider of mechanical and electric motor repair and engineering in the southwestern United States. Davidson. The Louisville, Ky.- based company specializes in industrial finishing and sealant/adhesive applications. The acquisition allows Ohio Transmission Corporation to gain entry into the Southwest industrial services market and expand its value-added services offering. “Keller Electrical is the premier motor repair and associated electrical services provider in the Southwest,” said James Keckler, managing director at D.A. Ohio Transmission Corporation … NEW YORK, April 09, 2019 (GLOBE NEWSWIRE) -- Irving Place Capital (“IPC”), a middle-market private equity firm, announced today the sale of Ohio Transmission Corporation (“OTC”), a leading technical distributor and solutions provider, to Genstar Capital. US industrial distributor and service provider Ohio Transmission Corporation (OTC) has expanded its pump, filtration, service and fabrication business with the acquisition of Furey Filter & Pump Inc and its subsidiary PSI Engineering LLC. Terms of the transaction were not disclosed. COLUMBUS, Ohio - Nov. 9, 2017 - Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of PK Controls, Inc. PK Controls, Inc., located in Plain City, Ohio, is a leading engineering and services company that specializes in factory automation and controls. Cutting Tools. Apr. “This acquisition of JCI further expands our regional footprint into the Midwest and aligns with OTC’s growth strategy of providing current and future customers in the Midwest with a familiar and trusted solutions provider. “Crimson Electric’s associates are highly trained and accustomed to working in a focused, customer-driven climate. “They also share our commitment to be the best service provider we can be and to provide our customers with a one-stop solution and high-quality products and services.”. Power Transmission / Motion Control. 6 October 2015 . “I know that our shared commitment to providing our customers with exceptional customer service, innovative solutions, products and service will make for a successful partnership.”. Phil has built an extraordinary business that has offered an unparalleled level of service to America’s leading industrial companies for many years. Tape Industrial Sales, Inc.’s corporate offices include a sealant/adhesive demonstration lab, warehouse parts department and complete repair service facility. Davidson. OTC was co-founded in 1963 by Phil Derrow’s father, David Derrow, and L. Philip Carstens. PP&S will continue to operate under its current name and with the current local management, including Miller, President and CEO, who will remain and continue to lead the team through an orderly transition, as will Miller’s business partner, Mike Dysart, General Manager of the environmental division. COLUMBUS, Ohio — Feb. 11, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Filter and Coating Technology, Inc., an industrial distributor of finishing, dispense solutions, and filtration products with 21 associates in Grand Rapids, Michigan. “JCI Industries has grown to become the leading provider of rotating equipment and process solutions for the industrial and municipal markets in the midwestern United States,” said David Scheer, CEO of Ohio Transmission Corporation. FusionCharts XT will load here! News & Press Releases Read about our initiatives to drive our work—and industry—forward. Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of PumpTek, LLC. To learn more about FACT, visit the company website: http://www.factinc.com. Material Handling Equipment/Supplies. IS Product News Roundup. “The southeastern United States is a rapidly growing industrial market, and Crimson Electric’s service focus provides a great opportunity to expand OTC’s geographic and product areas to better serve all of our customers,” said Phil Derrow, president and CEO of Ohio Transmission Corporation. The company specializes in the repair and testing of AC/DC motors, servo motors, pumps and gear reducers. Davidson & Co. announced today that it served as exclusive financial advisor to Keller Electrical Industries in its sale to Ohio Transmission Corporation, a portfolio company of Genstar Capital, which closed on December 9. Laron also has repair facilities in Phoenix, Arizona, and Salt Lake City, Utah, and it has a sales and field service office in Tucson, Arizona. I look forward to working with all of OTC’s team members to continue to grow and build one of the country’s largest industrial solutions providers.”. View all news. We look forward to achieving great things together.”. Our customers continue to look to us for full-service solutions,  and Crimson Electric can take care of everything from electrical apparatus repair to machine work, and they have an extensive product inventory of motors, parts, gear reducers and controls.”. “Combining that capability with OTP’s territory and with their very diverse product lines, we see amazing new opportunities for our Laron associates and a significant improvement in our ability to add value to the service that we and OTP can provide to our customers.”. Ohio Transmission Corp (OTC) has bought JCI Industries, a provider of pumps, motors, controls, wastewater treatment equipment, field service and remanufacturing to commercial, industrial and environmental customers in the US Midwest. 09, 2021 Dana Incorporated to Announce 2021 First-quarter Financial Results, Host Conference Call and Webcast on April 28. Keller Electrical will continue to operate  under its name and with current local management, including Cody Eslick, senior vice president of operations, and Jim Everson, senior vice president and CFO, both of whom will continue to lead the team. The addition of Keller Electrical associates expands Ohio Transmission Corporation’s existing workforce to about 1,200 employees. Paul, Minnesota area, is an industrial equipment distributor for pumps, filters, mechanical seals and valves, and the company offers a full range of services to meet any repair of fluid-handling equipment. Together, the two companies employ 65 … From its beginning, Crimson Electric has focused on the repair and service of electric motors. The company serves customers in Michigan, Ohio, Indiana, Kentucky and Tennessee. His son, Philip Derrow, is President/CEO of Ohio Transmission Corp. David Derrow was active in serving the community, serving as president of the Columbus Jewish Community Center and president of the Columbus Jewish Historical Society. The company’s headquarters in Kingman, Arizona, houses large-scale machining, fabrication and repair capabilities. New Products by Category. COLUMBUS, Ohio — June 6, 2018 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of Crimson Electric, Inc., a company located in South Carolina. COLUMBUS, Ohio — Dec. 16, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Keller Electrical, a dominant provider of industrial electrical services, equipment, components and supplies serving the southwestern United States. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – … Ohio Transmission Corporation … With this acquisition, Ohio Transmission Corporation now has 47 locations throughout the South and the Midwest and Northeast regions, along with 14 service shops. NEW YORK, April 09, 2019 (GLOBE NEWSWIRE) — Irving Place Capital (“IPC”), a middle-market private equity firm, announced today the sale of Ohio Transmission Corporation (“OTC”), a leading technical distributor and solutions provider, to Genstar Capital. Founded in 1954, Crimson Electric is one of the leading electrical apparatus service centers in the Carolinas. Its services support customers in the mining, manufacturing, power generation, gas transmission and construction industries. “The amount of resources that OTP offers will accelerate the growth of both the business and the people, resulting in greater success,” Miller said. “This acquisition is an important part of our rapidly expanding repair and engineering services capabilities,” said Rob Webb, President of OTP Industrial Solutions. COLUMBUS, OH – June 22, 2020 – After 38 years of service, Ohio Transmission Corporation’s (OTC) long-time Chief Executive Officer, Phil Derrow, will … “The PP&S team will obviously become an integral part of our industrial pump and repair service offerings in the southeastern United States,” said Rob Webb, President of OTP Industrial Solutions. Scheer will also be joining the board of directors. Columbus-based Ohio Transmission Corp. bought Monroe-based PumpTek for an undisclosed amount. Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of Buckeye Pumps, Inc. Buckeye Pumps, Inc., a company headquartered in Galion, provides engineered process system and pump solutions for customers in industrial and municipal markets. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. With this acquisition, Ohio Transmission Corporation now has 44 locations throughout the South, Southeast, Midwest and Northeast regions, along with 21 service shops. Ohio Transmission Corp. Acquires Pumps, Parts and Service Inc. Ohio Transmission Corp. acquires Wisconsin, Minnesota companies, Ohio Transmission Corporation announces passing of company founder, David Derrow, Ohio Transmission Corporation acquires Grand Rapids company, Filter and Coating Technology, Inc. (FACT), Ohio Transmission Corporation acquires Louisville, Ky., company, Ohio Transmission Corporation acquires South Carolina company, OTP Has the PPE and Safety Supplies You Need to Keep Your Operations COVID Compliant. Previously, Scheer was Executive Vice President/Electrical Segment of Actuant Corporation (NYSE: ATU) and led the 2013 spin-off of the segment, which was renamed Power Products. While Laron associates and customers benefit from the acquisition, the acquisition opens up new industries to OTP Industrial Solutions, Thoroughman said. “We are pleased to welcome PP&S to the OTC Family,” said Matt Piatt, Chief Operating Officer and CFO of Ohio Transmission Corporation. To learn more about Furey Filter & Pump, visit the company website: https://fureyfp.com/. “They have only continued to improve their market position by providing exceptional service to customers over the years. Type News Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, has acquired Tennessee-based IDG Compressor. June 25, 2020 Ohio Transmission Corporation Names David Scheer as New CEO; Phil Derrow to become Chairman. ), JCI Industries has seven sales and field service locations throughout Missouri, Kansas, Nebraska, Iowa and Arkansas and has approximately 150 employees. Welding. The addition of FACT’s associates expands Ohio Transmission Corporation’s existing workforce of more than 900 employees. “I know that our shared commitment to providing customers with exceptional customer service, innovative solutions, products and service will make for a successful partnership.”. With this acquisition, Ohio Transmission Corporation now has 23 locations throughout the Midwest, South and the Northeast, along with eight service shops. “They also share our commitment to be the best service provider we can be to our customers.”, “Laron has built an amazing reputation of being the company that can tackle and solve the toughest challenges of industry,” said Thoroughman. PumpTek's two founders and five employees will remain in Monroe under Ohio Transmission management, a spokeswoman told me. Ohio Transmission Corp. acquires Arizona motor repair provider. Becoming part of OTP Industrial Solutions will offer growth opportunities for Furey and PSI employees, customers and suppliers, according to George Furey. Ray Miller established PP&S in 1980 as a two-person sales office representing just one pump manufacturer. “Tape has continued to be a strong competitor through the years with their exceptional service to customers. Laron Inc., which is headquartered at the Kingman Industrial Park, has been acquired by industrial equipment service provider and distributor Ohio Transmission Corporation of Columbus, Ohio. Ohio Transmission Corporation’s 650 associates share its founding vision of delivering excellent value through work with integrity. “FACT has been a well-respected competitor in our markets for more than 30 years,” said Matt Piatt, COO and CFO of Ohio Transmission Corporation. The addition of JCI Industries associates expands Ohio Transmission Corporation’s workforce to about 1,400 employees. In addition to an expansive portfolio of OEM equipment and parts, PP&S offers a comprehensive suite of services that support systems design, performance optimization, equipment longevity and inventory management. The addition of IDG Compressor’s 16 associates brings Ohio Transmission Corporation’s existing … PSI, headquartered in the Minneapolis/St. The utility's headquarters are in Tucker, Georgia “Our sales and engineering teams are already leaders in our industry, and we look forward to even more growth now that we are part of the OTC family of companies.”, “This acquisition is an important part of expanding our geographical footprint, equipment and service capabilities,” said Rob Webb, Executive Vice President of Business Development for OTC. News . Hand Tools. “I know that our shared commitment to providing our customers with exceptional customer service, innovative solutions, products and service will make for a successful partnership.”. COLUMBUS, OH – June 22, 2020 – After 38 years of service, Ohio Transmission Corporation’s (OTC) long-time Chief Executive Officer, Phil Derrow, will be transitioning to a new role as Chairman for the company. Founded in […], Crimson Electric, electrical apparatus services and sales company, enhances electric motor repair product portfolio COLUMBUS, Ohio — June 6, 2018 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of Crimson Electric, Inc., a company located in South Carolina. Power Tools. “PP&S has always been well-respected in its markets and the company has continued to improve its market position by providing exceptional service to customers over the years. “We have wanted to include electric motor repair in our product portfolio for many years and are excited to be able to do so with such a great company that has a long history of providing top-notch service to help their customers achieve success.”. The company’s facility also houses an extensive product inventory of motors, parts, gear reducers and controls. Corporate Office | 1900 Jetway Boulevard | Columbus, Ohio 43219, Morrisville, North Carolina: 919-480-2850, Ohio Transmission Corp. Acquires JCI Industries, Ohio Transmission Corporation Names David Scheer as New CEO; Phil Derrow to become Chairman, Ohio Transmission Corp. Acquires Second Arizona Company, Ohio Transmission Corp. Acquires Keller Electrical. As a division of OTP industrial Solutions will offer growth opportunities for FACT employees, customers and,! Otc provides resources that will enhance our ability to deliver those objectives its value-added services.! Will provide even better service and greater capabilities to all of our customers. ” of delivering excellent through. Its founding vision of delivering excellent value through work with integrity energy industry ohio transmission corporation news how we ’ pushing! Lifetime of service to customers our ability to deliver those objectives of OTP Solutions. 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