M&A Deal Summary

OTC Industrial Technologies Acquires Crimson Electric

On June 6, 2018, OTC Industrial Technologies acquired electrical equipment company Crimson Electric

Acquisition Highlights
  • This is OTC Industrial Technologies’ 1st transaction in the Electrical Equipment sector.
  • This is OTC Industrial Technologies’ 18th transaction in the United States.
  • This is OTC Industrial Technologies’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2018-06-06
Target Crimson Electric
Sector Electrical Equipment
Buyer(s) OTC Industrial Technologies
Deal Type Add-on Acquisition

Target

Crimson Electric

Duncan, South Carolina, United States
Crimson Electric is an operator of electrical apparatus service centers in the Carolinas. The company specializes in the repair and testing of AC/DC motors, servo motors, pumps and gear reducers. Headquartered in Duncan, S.C., between Greenville and Spartanburg, the company’s facility includes state-of-the-art equipment for the comprehensive repair, engineering and testing of equipment.

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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 18 of 21
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 18 of 21
State (South Carolina) 1 of 1
Country (United States) 18 of 21
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 Compressed Air Systems

Grand Prairie, Texas, United States

Compressed Air Systems LLC is a provider of compressed air products and services to various industries in south Louisiana from offshore drilling and production to marine, chemical plants, refineries and industrial applications. The company, which also has locations in Baton Rouge, LA and New Orleans, is a Quincy Compressor master distributor.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Keller Electrical Industries

Phoenix, Arizona, United States

Keller Electrical Industries, Inc. is a provider of industrial electrical services, equipment, components, and supplies serving the Southwest United States. Keller's wide range of technical services includes electric motor repair, custom motor control manufacturing, electrical construction, electrical design and a vast array of field services.

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