(Englewood, CO) Exit Strategies Group, Inc. is pleased to announce that it recently served as exclusive M&A advisor to the shareholders of AAP Automation on their successful sale to Ohio Transmission Corporation (OTC), a portfolio company of Genstar Capital. OTC is one of the largest industrial distributors and service providers in the United States. AAP Automation will operate under OTC’s Industrial Products Group segment. Financial terms of the transaction were not disclosed.
Founded in 1982 by C Hutton Smith and Robert Noyes, AAP Automation, Inc. is a leading value-added distributor of world-class industrial automation products and provider of custom engineered solutions. Technologies include motion control, sensors, pneumatic valves and actuators, vacuum, air prep, machine framing, safety and robotics. AAP is an authorized distributor for over 50 manufacturers, including many industry leaders. AAP has three sales offices and two field service locations in Arizona, Colorado and Utah and has 55 employees. AAP’s footprint also reaches into Idaho, Wyoming, and New Mexico.
The Ohio Transmission Corporation Family of Companies has 1,400 associates serving 45 states from over 50 locations. They are a leading technical distributor of highly engineered motion control, pump, finishing, and air compressor products. OTC serves over 15,000 customers across diverse end-markets by developing technical and consultative sales, repair and aftermarket capabilities.
“Exit Strategies Group is delighted to have advised the shareholders of AAP Automation in a structured sale process. We received several strong offers for AAP and OTC prevailed with the best combination of financial terms and strategic and cultural fit,” said Al Statz, President of Exit Strategies Group. “This deal illustrates Exit Strategies’ continued commitment to providing strategic valuation and M&A advisory services to founder and operator owned industrial automation technology companies.”
Exit Strategies Group (ESG) is a California-based provider of strategic merger and acquisition advice/execution and business valuation services. Founded in 2002, with offices in San Francisco and Portland, ESG represents private companies on the sell-side and works with private equity, public and private companies and family offices on the buy-side. Its industry expertise spans all areas of industrial automation products and services and advanced manufacturing. Since inception, ESG has advised on well over 100 M&A transactions. For more information visit www.exitstrategiesgroup.com.