Ohio Transmission Corp. Acquires Laron, a Mechanical and Electric Motor Repair Service Provider
January 30, 2020—
Ohio Transmission Corporation recently announced the acquisition of Laron Inc., a leading service provider of mechanical and electric motor repair and engineering in the southwestern United States.
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, and it has a sales and field service office in Tucson, Arizona.
“Laron was founded in 1975 and has established a reputation over the past 45 years as a leader in its respective markets,” said Philip Derrow, president and CEO of Ohio Transmission Corporation (OTC). “The company has built on its core values of innovation, responsiveness and quality service and has recognized that its associates are the company’s greatest resources, a value that makes them a great addition to our OTC family. With this acquisition, we are humbled to provide a new home for Laron’s 190 associates.”
Since its founding, Laron has provided industrial support services, including heavy industrial automation, machining, motor repair, fabrication, field services, mechanical repair, predictive maintenance, storage and custom solutions. Its services support customers in the mining, manufacturing, power generation, gas transmission and construction industries.
“This acquisition is an important part of our rapidly evolving repair and engineering services capabilities,” said Matt Piatt, chief operating officer of OTC. “Along with the recent acquisition of Keller Electrical, the addition of Laron further enhances our overall service offering and expands our regional footprint in the Southwest.”
Laron will continue to operate under the Laron brand and with current local management, including Glenn Thoroughman,CEO; Larry Tree, president; John Hansen, COO; Gary Maclay, CFO; and a strong team of general managers already in place. Laron will operate as a division of OTP Industrial Solutions, providing Laron with access to OTP’s vast product and service offerings and resources while expanding OTP’s service offerings.
With this acquisition, Ohio Transmission Corporation 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.
|Ohio Transmission Corporation|