Columbus-headquartered Ohio Transmission Corporation, an industrial equipment service provider and distributor, has acquired Laron Inc. The purchase of the service provider of mechanical and electric motor repair will further OTC’s expansion into the Southwest.
Laron’s headquarters in Kingman, Arizona, houses more than 140,000 square feet of shop space, with large-scale machining, fabrication and repair capabilities. Laron also has repair facilities in Phoenix, Arizona, and Salt Lake City, Utah. It has a sales and field service office in Tucson, Arizona.
Laron, which was founded in 1975, employs 190 people. Its services support customers in the mining, manufacturing, power generation, gas transmission and construction industries.
Along with the recent acquisition of Keller Electrical, Laron further enhances OTC’s overall service offering and expands its regional footprint in the Southwest.
Laron will continue to operate under the Laron brand and with current local management, including CEO Glenn Thoroughman, President Larry Tree, COO John Hansen, CFO Gary Maclay and a strong team of general managers already in place. Laron will operate as a division of OTP Industrial Solutions and should provide OTP with a foothold and visibility into a whole new dimension of industrial service.
With this acquisition, OTC now has 50 locations throughout the Southwest, South, Southeast, Midwest and Northeast regions, along with 25 service shops. The addition of Laron associates expands OTC’s existing workforce to more than 1,200 employees.
