Columbus, OH-based Ohio Transmission Corporation — No. 36 on Industrial Distribution's Big 50 List — announces the acquisition of the assets of the Somerset, NJ branch location of Argo International Corporation.
The New Jersey branch of Argo International Corp., is an industrial distributor focused on the industrial markets for pumps, repairs, and electrical products. The Somerset, NJ branch will operate as a branch location of OTP Industrial Solutions, which provides expert solutions for industrial pumps, electrical, motion control, fluid power, spray finishing and power transmission systems.
“Argo New Jersey is a strong Flowserve pump and repair distributor that expands our presence in the densely populated Northeast United States and is a perfect fit with our industrial pump, electrical, and service and repair businesses,” said Phil Derrow, president and CEO of Ohio Transmission Corporation. “Most importantly with all of our acquisitions, we welcome the addition of new associates to our team. OTC is a people-focused business with product and service experts who know how to help customers find the right solutions. Our eight new associates in New Jersey are excited to join our fast-growing company and we’re excited to work with them.”
With this acquisition, Ohio Transmission Corporation now has 28 locations throughout the South and the Midwest and Northeast regions, along with 12 service shops. The addition of Argo’s eight associates brings Ohio Transmission Corp.’s total employment to more than 780 employees.
“The addition of Argo in New Jersey reinforces OTP’s commitment to our pump, electrical, and service and repair business and strengthens our presence in the Northeast in conjunction with our Ohlheiser fluid power and automation-focused branch in Newington, CT,” said Rob Webb, president of OTP Industrial Solutions. “Our customers value the expertise of our associates and the professionalism we bring to every relationship. The associates of Argo N.J., are a perfect fit to help OTP deliver what matters most to our customers.”
As a branch of OTP Industrial Solutions, Argo N.J., will have access to OTC’s vast product and service offerings and support resources. The acquisition provides significant growth opportunities for Argo’s associates and will provide its customers with a more comprehensive set of technical solutions.
“Joining with OTP is exactly the right choice for our team and I couldn’t think of a better partnership,” said Anne Russell, General Manager of Argo N.J. “I’ve known OTP for more than 20 years when I was national manager for distribution with Flowserve Corp. They have always been a highly professional and customer-focused company, and their commitment to investment and growth will be great for our customers and associates.”