News

Ohio Transmission Corp. Acquires JCI Industries

Acquisition of leading provider of commercial and industrial pumps, motors, controls, field service and remanufacturing furthers OTC’s expansion into Midwest.

COLUMBUS, Ohio — December 22, 2020 — Ohio Transmission Corporation (OTC), an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of JCI Industries, a leading provider of pumps, motors, controls, field service and remanufacturing to commercial, industrial and environmental customers throughout the Midwest.

Headquartered in Lee’s Summit, Mo. (just outside Kansas City, Mo.), JCI Industries has seven sales and field service locations throughout Missouri, Kansas, Nebraska, Iowa and Arkansas and has approximately 150 employees.

“JCI Industries has grown to become the leading provider of rotating equipment and process solutions for the industrial and municipal markets in the midwestern United States,” said David Scheer, CEO of Ohio Transmission Corporation. “This acquisition of JCI further expands our regional footprint into the Midwest and aligns with OTC’s growth strategy of providing current and future customers in the Midwest with a familiar and trusted solutions provider. Chip Toth will continue to lead JCI moving forward, and we are thrilled to have Chip and his talented management team join the OTC family.”

JCI Industries was founded in 1975 and has grown over the years to become an industry-leading engineered solutions provider for a wide range of industries, including water and wastewater, power, oil and gas, pipeline, pharmaceutical, pulp and paper, chemical, food processing and other manufacturing industries.

“For all of JCI Industries’ team members and customers, OTC will bring additional resources that will allow us to continue our growth and increase opportunities for our team members to widen their skills and continue to offer outstanding solutions to our customers,” said Robert “Chip” Toth, President of JCI Industries. “Our sales and engineering teams are already leaders in our industry, and we look forward to even more growth now that we are part of the OTC family of companies.”

“This acquisition is an important part of expanding our geographical footprint, equipment and service capabilities,” said Rob Webb, Executive Vice President of Business Development for OTC. “JCI Industries shares our commitment to be the best service provider we can be and to provide our customers with a one-stop solution with high-quality products and services. We are excited to have Chip and the JCI team as part of our family of companies.”

With this acquisition, Ohio Transmission Corporation now has 53 locations throughout the United States, along with 35 service shops. The addition of JCI Industries associates expands Ohio Transmission Corporation’s workforce to about 1,400 employees.

To learn more about JCI Industries visit the company website https://jciind.com/.

Ohio Transmission Corporation Names David Scheer as New CEO; Phil Derrow to become Chairman

COLUMBUS, OH – June 22, 2020 – After 38 years of service, Ohio Transmission Corporation’s (OTC) long-time Chief Executive Officer, Phil Derrow, will be transitioning to a new role as Chairman for the company. OTC’s board of directors has named David Scheer as the new Chief Executive Officer. Scheer will also be joining the board of directors.

OTC was co-founded in 1963 by Phil Derrow’s father, David Derrow, and L. Philip Carstens. Since its founding, OTC has grown from just six employees in a single location in Columbus to more than 1,200 employees in 47 locations across the United States. Phil Derrow became CEO in 1998 and led a period of growth that saw the company’s revenue increase by more than 10 times and the firm’s employees increase by five times. In 2013, Derrow led the company through a transition to private equity ownership, culminating in a sale to Genstar Capital in April 2019. Derrow’s move to the Chairman role was planned as part of the Genstar acquisition.

“It is impossible to adequately express my profound gratitude to all of our associates, customers and suppliers for their trust, support and friendship during my career. It has truly been the gift of a lifetime of service for which I am profoundly grateful,” Derrow said. “I am excited to hand over the reins to an executive as accomplished as David.”

Said Scheer, “I am honored and excited to join OTC as CEO. Phil has built an extraordinary business that has offered an unparalleled level of service to America’s leading industrial companies for many years. I look forward to working with all of OTC’s team members to continue to grow and build one of the country’s largest industrial solutions providers.”

Scheer has more than 30 years of experience leading global industrial manufacturing businesses and specialty industrial distributors. Currently, he serves on the board of Clarience Technologies, LLC. Prior to joining OTP, Scheer was the Chief Executive Officer of Power Products, LLC and its related entity, ECM Industries. Power Products is a diversified electrical products platform with locations in North America, Europe and Asia. Previously, Scheer was Executive Vice President/Electrical Segment of Actuant Corporation (NYSE: ATU) and led the 2013 spin-off of the segment, which was renamed Power Products. He also has served as Chief Operating Officer for Pearlman Group, the nation’s leading distributor of tools, supplies, and machinery for the hard surfaces industry. Earlier in his career, Scheer was Chief Operating Officer of Sigma Electric Manufacturing Corp., Division President/Southeast for Rexel USA, and he had several commercial and operating roles with Thomas & Betts Corporation.

Ohio Transmission Corp. acquires Wisconsin, Minnesota companies

Acquisition of Furey Filter & Pump and PSI Engineering enhances pump, filtration, service and fabrication business

COLUMBUS, Ohio — June 18, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Furey Filter & Pump and its subsidiary, PSI Engineering, two companies that together have 65 employees in Wisconsin and Minnesota.

Ohio Transmission Corporation acquires Grand Rapids company

Acquisition of Filter and Coating Technology, Inc., enhances industrial finishing and sealant/adhesive capabilities

COLUMBUS, Ohio — Feb. 11, 2019 — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Filter and Coating Technology, Inc., an industrial distributor of finishing, dispense solutions, and filtration products with 21 associates in Grand Rapids, Michigan.