OTC Honored with Entrepreneur of the Year® Award

COLUMBUS, OhioOhio Transmission Corporation (OTC) CEO Philip Derrow accepted the prestigious Ernst & Young 2014 South Central Ohio & Kentucky Entrepreneur of the Year® Award on behalf of OTC. Derrow was one of nine winners and 25 finalists who demonstrated an entrepreneurial spirit fueled by passion, innovation and an unwavering commitment to their industries.

The award was given by a panel of seven judges, representing various successful companies in the region—from Pallas Partners, Inc. to IGS Energy.

The judges recognized OTC’s significant growth through bold new ideas, strategic acquisitions and a strong focus on corporate culture. OTC extended its business strategy to include mergers and acquisitions with other companies who share the same core values—ultimately expanding sales, employees and product and service offerings.

OTC has grown to become the parent company of OTP Industrial Solutions, an industrial distributor of pumps, fluid power, power transmission, fluid handling, pneumatic and electrical solutions, and Air Technologies®, the nation’s largest distributor of compressed air systems. Most recently, OTP Industrial Solutions acquired Industrial Process Equipment Group (IPEG) and Advanced Industrial Products (AIP), and merged with R. J. Knoepfler Company.

Air Technologies® offers an advanced compressed air solution with its innovative DirectAIR® division, which provides compressed air as a utility. With the DirectAIR® solution, Air Technologies® installs, owns and operates air compressor facilities at customer sites, saving customers thousands in energy and operational costs.

About Ohio Transmission Corporation (www.otpnet.com) (www.aircompressors.com) (www.ipegstl.com) (www.aip-usa.com)
Ohio Transmission Corporation (OTC) is one of the largest industrial equipment distributors and service providers in the United States. OTC is organized by product category into two separate business units: OTP Industrial Solutions, which includes Industrial Process Equipment Group (IPEG) and Advanced Industrial Products (AIP), and Air Technologies®. OTC brings together the right combination of knowledgeable people and broad product support to provide expert technical solutions to customers representing a broad range of industries. OTC maintains locations throughout the Midwest and in Texas with more than 500 associates who share the company’s founding vision of delivering excellent value through work with integrity. Established in 1963, OTC recently celebrated its 50th anniversary.

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.