COLUMBUS, Ohio—Ohio Transmission Corporation (OTC) CEO Philip Derrow accepted the prestigious Ernst & Young 2014 South Central Ohio & Kentucky Entrepreneur of the Year® Award on behalf of OTC. Derrow was one of nine winners and 25 finalists who demonstrated an entrepreneurial spirit fueled by passion, innovation and an unwavering commitment to their industries.
The award was given by a panel of seven judges, representing various successful companies in the region—from Pallas Partners, Inc. to IGS Energy.
The judges recognized OTC’s significant growth through bold new ideas, strategic acquisitions and a strong focus on corporate culture. OTC extended its business strategy to include mergers and acquisitions with other companies who share the same core values—ultimately expanding sales, employees and product and service offerings.
OTC has grown to become the parent company of OTP Industrial Solutions, an industrial distributor of pumps, fluid power, power transmission, fluid handling, pneumatic and electrical solutions, and Air Technologies®, the nation’s largest distributor of compressed air systems. Most recently, OTP Industrial Solutions acquired Industrial Process Equipment Group (IPEG) and Advanced Industrial Products (AIP), and merged with R. J. Knoepfler Company.
Air Technologies® offers an advanced compressed air solution with its innovative DirectAIR® division, which provides compressed air as a utility. With the DirectAIR® solution, Air Technologies® installs, owns and operates air compressor facilities at customer sites, saving customers thousands in energy and operational costs.
About Ohio Transmission Corporation (www.otpnet.com) (www.aircompressors.com) (www.ipegstl.com) (www.aip-usa.com)
Ohio Transmission Corporation (OTC) is one of the largest industrial equipment distributors and service providers in the United States. OTC is organized by product category into two separate business units: OTP Industrial Solutions, which includes Industrial Process Equipment Group (IPEG) and Advanced Industrial Products (AIP), and Air Technologies®. OTC brings together the right combination of knowledgeable people and broad product support to provide expert technical solutions to customers representing a broad range of industries. OTC maintains locations throughout the Midwest and in Texas with more than 500 associates who share the company’s founding vision of delivering excellent value through work with integrity. Established in 1963, OTC recently celebrated its 50th anniversary.
Tags: Advanced Industrial Products, Air Technologies, Ernst & Young 2014 Entrepreneur of the Year Award, Industrial Process Equipment Group, Ohio Transmission Corporation, OTP Industrial Solutions, Philip Derrow