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New Deal


Announced

Completed

OTC Industrial completed the acquisition of Allied Sales & Service.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

United States

mechanical seals

Machinery: Industrial

Acquisition

Domestic

Private

Completed

Friendly

Synopsis

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OTC Industrial, an industrial equipment service provider, completed the acquisition of Allied Sales & Service, a key provider of pumps and mechanical seals. Financial terms were not disclosed. “Allied is excited to join the OTC organization. We have always strived to be a trusted partner to our customers and OTC will provide additional resources that will allow us to increase that focus," Mike Herrington, Allied Sales & Service President.

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