COLUMBUS, OHIO—Ohio Transmission Corporation has acquired Industrial Process Equipment Group (IPEG), a pump and process equipment company that will broaden the geographical reach of Ohio Transmission Corporation’s industrial product and service offerings and grow the corporation’s expert technical staff. With the acquisition, Ohio Transmission Corporation will add all three IPEG office locations in St. Louis, Missouri; Decatur, Illinois; and Calvert City, Kentucky to its syndicate of 18 locations in six Midwest states and Texas. Ohio Transmission Corporation brought on 52 employees from IPEG at the beginning of the new year, increasing its workforce to 468 employees.
IPEG will become a subsidiary of Ohio Transmission Corporation and benefit from access to additional resources that will enhance the growth of its highly respected pump and process equipment business. The move to acquire IPEG will allow Ohio Transmission Corporation, more commonly known in the marketplace as OTP Industrial Solutions and Air Technologies®, to serve a larger number of customers with a diverse set of industrial equipment and service needs.
“IPEG is a very successful and well-respected pump and process equipment company with a rich history and outstanding associates. By adding IPEG to the Ohio Transmission Corporation family of companies, we will strengthen our ability to serve customers and expand opportunities for the employees and customers of both companies,” said Philip Derrow, president of Ohio Transmission Corporation. “The addition of talented and experienced industrial pump experts will strengthen our already strong team of experts.”
About Ohio Transmission Corporation
Ohio Transmission Corporation is one of the largest industrial distributors and service providers in the United States. Established in 1963, the corporation is celebrating its 50th anniversary this year. Its divisions include OTP Industrial Solutions, a provider of expert solutions for industrial motion control, fluid power, power transmission and pumping systems, and Air Technologies®, a compressed air system equipment and service provider and the largest distributor of Atlas Copco compressed air equipment in North America. Ohio Transmission Corporation is a partially employee-owned company that maintains locations throughout the Midwest and in Texas. Ohio Transmission Corporation’s 468 associates share its founding vision of delivering excellent value through work with integrity. For more information, please visit www.otpnet.com and Air Technologies®.
Industrial Process Equipment Group (IPEG) has provided premiere products in fluid pumping and handling equipment to Eastern Missouri, Southern Illinois and Northwestern Kentucky since 1947. IPEG helps customers maintain fluid handling applications through quality products from world-class vendors; equipment service, repair and assembly by factory-trained service technicians; and custom fabrication of parts and equipment. For more information, please visit http://ipegstl.com.