Ohio Transmission Corporation Acquires PumpTek, LLC

Recent acquisition reinforces product-line strength of pump team

COLUMBUS, Ohio—Jan. 14, 2016—Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of PumpTek, LLC.

The team at PumpTek, LLC, a company headquartered in Monroe, Ohio, specializes in pumps with seal-less technology. The company will operate as a division of OTP Industrial Solutions, which provides expert solutions for industrial motion control, fluid power, power transmission and pumping systems.

“PumpTek has built a strong following among customers for seal-less pumps,” said Phil Derrow, President and CEO of Ohio Transmission Corporation. “The company, founded by Tim Marklay and Scott Sapita, has a sales presence in much of OTC’s current footprint, including Ohio, Indiana, Kentucky and Pittsburgh. PumpTek has significant expertise in magnetic drive (mag-drive), or seal-less, pumps from Innomag, one of the premier mag-drive lines and now part of the Flowserve portfolio. OTC will be able to leverage this expertise across most of our territory and customer base.”

With this acquisition, Ohio Transmission Corporation now has 24 locations throughout the Midwest, South and the Northeast, along with eight service shops. The addition of PumpTek’s associates brings Ohio Transmission Corporation’s existing workforce to more than 650 employees.

Since its founding in 1999, PumpTek has assisted its customer base in applying seal-less pump technology into their unique process conditions. The company’s services have included engineering support, field service, inspection and evaluation, pump repair and troubleshooting.

“The addition of PumpTek reinforces our already strong pump team and it adds to our already strong product line,” said Rob Webb, President of OTP Industrial Solutions. “Adding PumpTek to OTC will help us continue to reinforce our commitment to providing top-level service in the pump business in our markets.”

As a division of OTP Industrial Solutions, PumpTek LLC will have access to OTP’s vast product and service offerings and resources. The acquisition provides ample growth opportunities and will provide PumpTek’s customer base with a more comprehensive set of technical solutions.

“Scott and I, and the rest of our fellow team members at PumpTek, are very enthusiastic to join forces with a company of OTC’s caliber,” said Tim Marklay, managing partner at PumpTek, LLC. “For the past 17 years, PumpTek has worked arduously in applying seal-less pump expertise to bring value to a broad customer base in the industrial market segments that we serve.”

“We look forward to the path ahead, as the strength of OTC can be leveraged in the best interest of providing even more value and services to PumpTek customers,” said Scott Sapita, who co-founded PumpTek with Marklay.

Sapita, Marklay and PumpTek sales and service associates will stay with the business under OTC ownership.

About Ohio Transmission Corporation
Established in 1963, Ohio Transmission Corporation is one of the largest industrial distributors and service providers in the United States. 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 South. Ohio Transmission Corporation’s 650 associates share its founding vision of delivering excellent value through work with integrity. For more information, please visit www.otpnet.com and www.aircompressors.com.

About PumpTek, LLC
For 17 years, PumpTek has been providing value to its customers by applying seal-less pump technology in its customers’ applications, helping those customers improve plant safety and pump reliability. The company provides engineering support, field service, inspection and evaluation, pump repair and troubleshooting. For more information, please visit www.pumptek.com.

Ohio Transmission Corporation acquires Industrial Process Equipment Group

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 www.aircompressors.com.

About IPEG

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.