Portfolio Exits
1Partners & Customers
1About Otter Tail Corporation
Otter Tail Corporation creates long-term value by owning diverse, well-run companies and providing the right resources for success. The company has diversified operations including an electric utility and infrastructure businesses which include manufacturing, construction and plastics. The Otter Tail companies collectively serve customers within the United States and in Canada. Otter Tail stock trades on the NASDAQ Global Select Market under the symbol OTTR.
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Latest Otter Tail Corporation News
Feb 27, 2023
Plus: Construction worker dies after injury on Edina job site; infighting among Otter Tail Republicans; Strib stops publishing Dilbert comics; and more. 36 mins ago Renee Alexander From Fox 9, the Minnesota State Fair has named its new CEO. Renee Alexander has been the Fair’s deputy general manager for 13 years. WCCO TV staff report a construction worker died after being injured on a job site in Edina on Feb. 21. The Pioneer Press’ Olivia Stevens reports Como Park pool swimming coach David Albornoz is being recognized for his drowning-prevention efforts. The Star Tribune’s Briana Bierschbach writes about infighting among the Otter Tail County Republicans, “a microcosm of the intraparty turmoil that has been building in greater Minnesota and across the country between more traditional Republicans and newcomers to the party, who were brought in through Donald Trump’s presidency and anger over COVID-19 mandates.” Article continues after advertisement Per the Star Tribune, the Strib has stopped publishing Dilbert comics because of comments the comic strip’s creator, Scott Adams, made on YouTube. “Adams’ comments were hateful and racist. They violated our core values and standards and reached well beyond our guidelines for open debate,” Suki Dardarian, Strib senior editor and vice president wrote in an editor’s note. The Minnesota Daily’s Gillian Haveman reports University of Minnesota student orgs are frustrated after finding out through a public records request that the school’s Department of Public Safety is monitoring some events. MPR’s Jacob Aloi reports St. Paul’s History Theatre has a new leader in Richard D. Thompson, who started the role in January and who goes back nearly three decades with the theater company. Keep Minnesota news paywall-free. MinnPost's in-depth, independent news is free for all to access — no paywall or subscriptions. Will you help us keep it this way by supporting our nonprofit newsroom with a tax-deductible donation today? Get MinnPost in your email inbox: Sign up Feb. 15, 2023 MinnPost Recommends is a 501(c)(3) nonprofit newsroom Support MinnPost’s nonprofit journalism Member donations are crucial to the work of our nonprofit newsroom. Our reporters are only able to do their work thanks to support at all levels. Donations made by check can be made out to MinnPost and mailed to us at PO Box 18438, Minneapolis, MN 55418. $ * Please read before republishing * We’re happy to make this story available to republish for free under an Attribution-NonCommercial-NoDerivatives Creative Commons license as long as you follow our republishing guidelines . See our full republication guidelines for more information. To republish, copy the HTML at right, which includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to MinnPost. If you have questions, email editors@minnpost.com . — The Editors By Greta Kaul | Associate Editor 36 mins ago <h1>Minnesota State Fair picks longtime deputy GM as new CEO</h1><p class="a-entry-byline">By <span class="a-entry-author">Greta Kaul</span> | <span class="a-entry-author-job-title">Associate Editor</span></p><p class="a-entry-date">36 mins ago</p> <p><a href="https://www.fox9.com/news/minnesota-state-fair-names-new-ceo" target="_blank" rel="noopener">From Fox 9,</a> the <strong>Minnesota State Fair has named its new CEO. </strong>Renee Alexander has been the Fair's deputy general manager for 13 years.</p><p><a href="https://www.cbsnews.com/minnesota/news/construction-workers-dies-after-job-site-accident-in-edina/" target="_blank" rel="noopener">WCCO TV staff report</a> a<strong> construction worker died after being injured on a job site in Edina</strong> on Feb. 21.</p><p><a href="https://www.twincities.com/2023/02/26/como-park-pool-swimming-coach-drowning-prevention-david-albornoz/?fbclid=IwAR3M_Is_b8DCLnoH-_xazCEZDEw0pz0I1mMd7ASoeUeZfq0r9DSW8a8rwEA|https://www.twincities.com/2023/02/26/como-park-pool-swimming-coach-drowning-preventioAR3M_Is_b8DCLnoH-_xazCEZDEw0pz0I1mMd7ASoeUeZfq0r9DSW8a8rwEA" target="_blank" rel="noopener">The Pioneer Press’ Olivia Stevens reports</a> <strong>Como Park pool </strong>swimming coach David Albornoz is being <strong>recognized for his drowning-prevention efforts.</strong></p><p><a href="https://www.startribune.com/gop-divide-boils-over-in-otter-tail-county-dispute/600254177/" target="_blank" rel="noopener">The Star Tribune’s Briana Bierschbach writes about</a> <strong>infighting among the Otter Tail County Republicans,</strong> "a microcosm of the intraparty turmoil that has been building in greater Minnesota and across the country between more traditional Republicans and newcomers to the party, who were brought in through Donald Trump's presidency and anger over COVID-19 mandates. "</p><p><a href="https://www.startribune.com/media-drop-dilbert-after-creators-black-hate-group-remark/600254416/" target="_blank" rel="noopener">Per the Star Tribune,</a> the <strong>Strib has stopped publishing Dilbert comics</strong> because of comments the comic strip's creator, Scott Adams, made on YouTube. "<strong>Adams' comments were hateful and racist.</strong> They violated our core values and standards and reached well beyond our guidelines for open debate," Suki Dardarian, Strib senior editor and vice president wrote in an editor's note.</p><p><a href="https://mndaily.com/275576/news/student-organizations-express-frustration-over-umn-monitoring-events/" target="_blank" rel="noopener">The Minnesota Daily’s Gillian Haveman reports</a> University of Minnesota student orgs are frustrated after finding out through a public records request that the<strong> school's Department of Public Safety is monitoring some events.</strong></p><p><a href="https://www.mprnews.org/story/2023/02/27/history-comes-to-life-st-pauls-history-theatre-finds-new-artistic-director" target="_blank" rel="noopener">MPR’s Jacob Aloi reports</a><strong> St. Paul's History Theatre has a new leader in Richard D. Thompson, who</strong> started the role in January and who goes back nearly three decades with the theater company.</p> <p>This <a target="_blank" href="https://www.minnpost.com/glean/2023/02/minnesota-state-fair-picks-longtime-deputy-gm-as-new-ceo/">article</a> first appeared on <a target="_blank" href="https://www.minnpost.com">MinnPost</a> and is republished here under a Creative Commons license.<img id="republication-tracker-tool-source" src="https://www.minnpost.com/?republication-pixel=true&post=2111820&ga=UA-3385191-1" style="width:1px;height:1px;"></p> Copy HTML
Otter Tail Corporation Portfolio Exits
1 Portfolio Exit
Otter Tail Corporation has 1 portfolio exit. Their latest portfolio exit was ShoreMaster on February 13, 2013.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
2/13/2013 | Acq - Fin | 1 |
Date | 2/13/2013 |
|---|---|
Exit | Acq - Fin |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Otter Tail Corporation Acquisitions
1 Acquisition
Otter Tail Corporation acquired 1 company. Their latest acquisition was ShoreMaster on May 28, 2002.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
5/28/2002 | Debt | $1.5M | Acquired | 1 |
Date | 5/28/2002 |
|---|---|
Investment Stage | Debt |
Companies | |
Valuation | |
Total Funding | $1.5M |
Note | Acquired |
Sources | 1 |
Otter Tail Corporation Partners & Customers
1 Partners and customers
Otter Tail Corporation has 1 strategic partners and customers. Otter Tail Corporation recently partnered with Landis+Gyr on March 3, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/8/2022 | Vendor | United States | ATLANTA , Ga , March 8 , 2022 / PRNewswire / -- Landis , a subsidiary of Landis , announced an agreement with Otter Tail Power Company to provide advanced metering infrastructure , software and services to support the utility 's plans to create a smarter , stronger energy grid across its three-state service territory . | 1 |
Date | 3/8/2022 |
|---|---|
Type | Vendor |
Business Partner | |
Country | United States |
News Snippet | ATLANTA , Ga , March 8 , 2022 / PRNewswire / -- Landis , a subsidiary of Landis , announced an agreement with Otter Tail Power Company to provide advanced metering infrastructure , software and services to support the utility 's plans to create a smarter , stronger energy grid across its three-state service territory . |
Sources | 1 |
Otter Tail Corporation Team
2 Team Members
Otter Tail Corporation has 2 team members, including former Chief Operating Officer, Executive Vice President, Lauris Molbert.
Name | Work History | Title | Status |
|---|---|---|---|
Lauris Molbert | Chief Operating Officer, Executive Vice President | Former | |
Name | Lauris Molbert | |
|---|---|---|
Work History | ||
Title | Chief Operating Officer, Executive Vice President | |
Status | Former |
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