An Ohio industrial equipment service provider acquired Lee’s Summit-based JCI Industries Inc., the companies announced Tuesday.
Founded in 1975, JCI Industries provides pumps, motors, controls, field service and remanufacturing to commercial, industrial and environmental customers throughout the Midwest. It has seven sales and field service locations in Missouri, Kansas, Nebraska, Iowa and Arkansas, according to a news release. JCI has about 150 employees.
The companies did not disclose the financial terms of the deal.
Ohio Transmission Corp. has 53 locations in the U.S., including the locations acquired as part of the deal. The company has about 1,400 employees and is an industrial equipment service provide and distributer.
“JCI Industries has grown to become the leading provider of rotating equipment and process solutions for the industrial and municipal markets in the midwestern United States,” said David Scheer, CEO of Columbus-based Ohio Transmission Corp, in the release. “This acquisition of JCI further expands our regional footprint into the Midwest and aligns with OTC’s growth strategy of providing current and future customers in the Midwest with a familiar and trusted solutions provider.”
JCI CEO Chip Toth and his management team will stay on after the acquisition.
“OTC will bring additional resources that will allow us to continue our growth and increase opportunities for our team members to widen their skills and continue to offer outstanding solutions to our customers,” Toth said in the release. “Our sales and engineering teams are already leaders in our industry, and we look forward to even more growth now that we are part of the OTC family of companies.”
In 2016, JCI completed a $3.1 million expansion of its production facility in Lee’s Summit. The company doubled its shop space and expanded its footprint to 82,000 square feet.