OTC Services acquired by SGB & SMIT Transformers
March 2012 – England & Company served as the financial advisor to OTC Services, Inc. (“OTC Services”) in its acquisition by SGB-SMIT Group (”SGB-SMIT”). Based in Louisville, Ohio, OTC Services remanufactures and repairs power transformers. SGB-SMIT, headquartered in Regensburg, Germany, is a leading manufacturer of power transformers worldwide. OTC Services will enhance SGB-SMIT’s U.S. business by adding remanufacturing and repair capabilities. SGB-SMIT plans to expand its U.S. business significantly in the years to come.
“The takeover by SGB-Smit is good news for our employees. We will become part of a transformer manufacturer that is active worldwide and has a strong market position in Europe, Asia, and America,” said Robert Ganser Jr., president of OTC Services Inc. “This opens up prospects for additional business and new jobs in Louisville,” he added.