Transcat Acquires TIC-MS, Inc.
March 27, 2023
Transcat, Inc. (Nasdaq: TRNS) acquired all of the capital stock of TIC-MS, Inc., an ISO/IEC 17025 accredited calibration laboratory based in St. Louis, Missouri, effective March 27, 2023 for $9.7 million (70% stock, 30% cash, subject to customary holdbacks). The acquisition strengthens Transcat's Midwest presence, complements its existing St. Louis lab capabilities, and management and staff of TIC-MS will remain in place as operations are consolidated.
- Buyers
- Transcat, Inc.
- Targets
- TIC-MS, Inc.
- Industry
- Industrial Services
- Location
- Missouri, United States
- Transaction Type
- Buyout
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