M&A Deal Summary

OTC Industrial Technologies Acquires Midway Industrial Supply

On December 19, 2016, OTC Industrial Technologies acquired distribution company Midway Industrial Supply from Generation Growth Capital

Acquisition Highlights
  • This is OTC Industrial Technologies’ 8th transaction in the Distribution sector.
  • This is OTC Industrial Technologies’ 13th transaction in the United States.
  • This is OTC Industrial Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-12-19
Target Midway Industrial Supply
Sector Distribution
Buyer(s) OTC Industrial Technologies
Sellers(s) Generation Growth Capital
Deal Type Add-on Acquisition

Target

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.

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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 13 of 21
Sector (Distribution) 8 of 10
Type (Add-on Acquisition) 13 of 21
State (Minnesota) 1 of 1
Country (United States) 13 of 21
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 C & C Industrial Sales

Gallatin, Tennessee, United States

C & C Industrial Sales LLC is a distributor of finishing equipment. CCIS specializes in offering top-of-the-line brands of spray finishing systems as well as the installation, service and repair of equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 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.

Buy -

Seller(S) 1

SELLER

Generation Growth Capital

Milwaukee, Wisconsin, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Generation Growth Capital, Inc. is a lower-middle market private equity firm. Generation invests in established manufacturing, service, and distribution businesses valued up to $30 million. The Firm will consider equity and subordinated debt commitments and looks to invest $1 to $10 million per transaction. Generation Growth has offices in Milwaukee and Chicago.

DEAL STATS #
Overall 5 of 15
Sector (Distribution) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Minnesota) 1 of 6
Country (United States) 5 of 15
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Select Food Products

North Plymouth, Minnesota, United States

Select Food Products, Inc. is a custom food manufacturer specializing in the sandwich, breakfast, snack and dessert categories. Select Foods prides itself on providing customized and innovative solutions to retail, club, convenience store, and foodservice customers. Select Food Products is based in North Plymouth, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 J.F. Cook

Oak Creek, Wisconsin, United States

J.F. Cook Co., Inc. specializes in residential and commercial sectional garage doors, rolling steel doors and fast-acting doors for both new construction and replacement applications. J.F. Cook Co. is based in Oak Creek, Wisconsin.

Sell -
Mergr

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