sale to Irving Place Capital

Industrial
Industrial
sale to Irving Place Capital

Summary

Baird served as the exclusive financial advisor to Ohio Transmission Corporation on this transaction.

About

Ohio Transmission Corporation (“OTC” or the “Company”), a portfolio company of Frontenac Company (“Frontenac”), was recently acquired by an affiliate of Irving Place Capital (“IPC”). Terms of the transaction were not disclosed.

OTC is a leading technical distributor of highly engineered motion control, pump and air compressor solutions in the United States. The Company has 23 locations across 12 states. OTC serves over 11,000 customers in diverse end markets including transportation, industrial machinery, primary / fabricated metals, chemicals, utilities and food & beverage. OTC is headquartered in Columbus, Ohio.

Frontenac Company is a private equity firm that targets lower middle market businesses within the food, services and industrial markets. Since its founding in 1971, Frontenac has raised over $1.5 billion in capital and made over 225 investments. Frontenac is headquartered in Chicago, Illinois.

Irving Place Capital is a middle-market private equity firm that seeks to combine industry expertise with operational resources to help companies build sustainable, long-term value. IPC focuses on industrial, packaging and retail / consumer sectors in North America. Irving Place Capital was founded in 1997 and is headquartered in New York, New York.

For additional information about this transaction, please contact:

Jason Kliewer +1 813 273 8242
Tom Lange +1 813 273 8248
Chris McMahon +1 312 609 4983
Chris Coetzee +1 312 609 4913
David Silver +44 207 667 8216
Mike Barina +1 414 298 1885
Industrial
Industrial
sale to Irving Place Capital
Date
October 2015
Company
Ohio Transmission Corporation
Transaction
M&A
Sectors
Industrial
Industrial
Target Location
North America
Acquiror Location
North America

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