sale to Irving Place Capital
Baird served as the exclusive financial advisor to Ohio Transmission Corporation on this transaction.
AboutOhio 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:
- October 2015
- Ohio Transmission Corporation
- Target Location
- North America
- Acquiror Location
- North America