Phelps Advises Premier Equipment Corp in Acquisition by OTC Technologies

Phelps served as lead deal counsel to Premier Equipment Corporation, Inc. (PEC), a leading distributor of rotating equipment, and Premier Control Systems, LLC, a prominent design and fabrication provider of control panels, in its acquisition by OTC Industrial Technologies, an industrial equipment service provider and distributor headquartered in Columbus, Ohio. 

The acquisition of the businesses includes six locations across two states, significantly expanding OTC Industrial Technologies' reach and strengthening its presence in the Louisiana and Texas rotating equipment markets. 

More information about the deal can be found in OTC’s press release.

The team deal team was led by business lawyers Ragan Richard, Cameron Miller and Zack Crawford, tax lawyer Ryan Moon, environmental lawyer David Topping, executive compensation and employee benefits partner Karleen Green, and IP and technology transfer partner Warner Delaune.