M&A Deal Summary

OTC Industrial Technologies Acquires Argo International

On January 30, 2017, OTC Industrial Technologies acquired distribution company Argo International

Acquisition Highlights
  • This is OTC Industrial Technologies’ 9th transaction in the Distribution sector.
  • This is OTC Industrial Technologies’ 14th transaction in the United States.
  • This is OTC Industrial Technologies’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-01-30
Target Argo International
Sector Distribution
Buyer(s) OTC Industrial Technologies
Deal Type Add-on Acquisition

Target

Argo International

Somerset, New Jersey, United States
Argo International Corp. is an premier global distributor of electrical, automation, motion control, power distribution, fluid handling, and pumping equipment, components, new units, and renewal spare parts for the worldwide commercial, industrial, and process markets.

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Buyer(S) 1

Buyer

OTC Industrial Technologies

Columbus, Ohio, United States
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 14 of 21
Sector (Distribution) 9 of 10
Type (Add-on Acquisition) 14 of 21
State (New Jersey) 1 of 1
Country (United States) 14 of 21
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Midway Industrial Supply

Mounds View, Minnesota, United States

Midway Industrial Supply Co., Inc. is a value added distributor and systems integrator of fluid handling and spray finishing equipment, accessories and consumables. Midway serves a variety of customers in industrial and manufacturing verticals including: transportation, agricultural equipment, alternative energy, food and beverage and building products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Tri-Power MPT

Akron, Ohio, United States

Tri-Power MPT, Inc. is a distributor of automation, electrical, power transmission, motion control and safety products, primarily in the northern Ohio industrial markets. Founded in 1954, the company has received recognition by Industrial Distribution as one of the Top 50 small distributors in North America. Tri-Power MPT is one of the principal independent distributors for many of the core product lines that it represents.

Buy -
Mergr

Product

Company

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