Genstar Capital completed the acquisition of Ohio Transmission.

Genstar Capital, a private equity firm focused on investments in targeted segments of the industrial technology, healthcare, software, and financial services industries, completed the acquisition of Ohio Transmission, an industrial automation equipment distributor and technical service provider. Financial terms were not disclosed. "OTC operates at a pivotal point in the manufacturing sector, benefiting suppliers looking to partner with distributors with broader product and service capabilities and customers who are increasingly relying on distributors with strong technical resources. The company provides a leading brand portfolio of highly technical products, value added services and specialized solutions with a proven track record of adding new product categories. We look forward to supporting management's strategy of product and geographic expansion organically as well as through strategic acquisitions to better serve OTC's customers," Rob Rutledge, Genstar Managing Director.