Transcat Acquires Martin Calibration Inc.
December 10, 2024
Transcat, Inc. acquired Martin Calibration Inc., an ISO-17025 accredited calibration laboratory network, effective December 10, 2024, for $79 million (approximately $69M cash and $10M stock). The deal expands Transcat's Midwest service footprint — including a flagship Minneapolis lab and six additional locations — and strengthens capabilities serving medical, life sciences, aerospace, and nuclear customers; Martin brings nearly 150 employees.
- Buyers
- Transcat, Inc.
- Targets
- Martin Calibration Inc.
- Sellers
- Martin Calibration Inc., Rick Brion
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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