M&A Deal Summary

OTC Industrial Technologies Acquires WR Shields

On January 1, 2005, OTC Industrial Technologies acquired energy services and equipment company WR Shields

Acquisition Highlights
  • This is OTC Industrial Technologies’ 1st transaction in the Energy Services and Equipment sector.
  • This is OTC Industrial Technologies’ 4th transaction in the United States.
  • This is OTC Industrial Technologies’ 3rd transaction in Ohio.

M&A Deal Summary

Date 2005-01-01
Target WR Shields
Sector Energy Services and Equipment
Buyer(s) OTC Industrial Technologies
Deal Type Add-on Acquisition

Target

WR Shields

Cleveland, Ohio, United States
WR Shields, Inc. is a Fluid power supplier headquartered in Cleveland Ohio, primarily serving northern Ohio.

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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 4 of 21
Sector: Energy Services and Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 4 of 21
State: Ohio M&A 3 of 8
Country: United States M&A 4 of 21
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Nimmo Fluid Power

Cincinnati, Ohio, United States

Nimmo Fluid Power is a distributor of Fluid power headquartered in Cincinnati Ohio, primarily serving southwest Ohio and northern Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-20 Midwest Fluid Power

Toledo, Ohio, United States

Midwest Fluid Power LLC is a fluid power distributor around Toledo Ohio since 1956. Company offers pneumatic products, such as fittings, valves, cylinders, and grippers; motion control components, including absorbers, bearing products, controls, and actuators and systems.

Buy -