M&A Deal Summary

OTC Industrial Technologies Acquires Advanced Industrial Products

On March 10, 2014, OTC Industrial Technologies acquired distribution company Advanced Industrial Products

Acquisition Highlights
  • This is OTC Industrial Technologies’ 4th transaction in the Distribution sector.
  • This is OTC Industrial Technologies’ 8th transaction in the United States.
  • This is OTC Industrial Technologies’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2014-03-10
Target Advanced Industrial Products
Sector Distribution
Buyer(s) OTC Industrial Technologies
Deal Type Add-on Acquisition

Target

Advanced Industrial Products

Lexington, Kentucky, United States
website
Advanced Industrial Products, Inc. is an industrial automation distributor of pneumatic, vacuum, robotic and industrial automation products.

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Buyer(S) 1

Buyer

OTC Industrial Technologies

Columbus, Ohio, United States

website


Category Company
Founded 1963
Sector Distribution
DESCRIPTION

OTC Industrial Technologies is an industrial equipment service provider and distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. OTC Industrial Technologies was founded in 1963 and is based in Columbus, Ohio.


DEAL STATS #
Overall 8 of 21
Sector (Distribution) 4 of 10
Type (Add-on Acquisition) 8 of 21
State (Kentucky) 1 of 1
Country (United States) 8 of 21
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-10 Industrial Process Equipment

St. Louis, Missouri, United States

Industrial Process Equipment Co. is a provider of pump and process equipment company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 Ohlheiser

Newington, Connecticut, United States

Ohlheiser Corp. is an industrial automation distributor of pneumatic, vacuum, robotic and industrial automation products.

Buy -