Sale to Genstar Capital

Industrial
Sale to Genstar Capital

Summary

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

About

Ohio Transmission Corporation (“OTC” or the “Company”) a portfolio company of Irving Place Capital (“IPC”), was recently acquired by Genstar Capital (“Genstar”).

Founded in 1963, OTC is a leading distributor and value-add service provider serving over 13,000 customers and 4,000 suppliers across diverse end-markets. The Company’s primary product offering includes pumps, industrial automation, finishing and compressed air products and related services. OTC has been a successful integrator, completing 16 strategic acquisitions since 2010, and maintains a robust pipeline of actionable platform enhancing opportunities. The Company provides technical and consultative sales, repair and aftermarket capabilities through a network of 38 locations across 17 states. OTC is headquartered in Columbus, Ohio.

Since its founding in 1997, IPC has invested in over 60 portfolio companies. IPC focuses on making control investments or entrepreneur-driven investments where it can apply substantial operating and strategic resources to enhance value.

Founded in 1988, Genstar is a private equity firm that has been actively investing in high quality companies. Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $17 billion of assets under management and targets investments focused on the industrial technology, healthcare, software and financial services industries. Genstar is based in San Francisco, California.
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Industrial
Sale to Genstar Capital
Date
April 2019
Company
Ohio Transmission Corporation
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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