Transcat Acquires Essco Calibration Laboratory

Transcat Acquires TIC-MS, Inc.

March 27, 2023

Industrial Services

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.

Transcat Acquires Martin Calibration Inc.

December 10, 2024

Industrial Services

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.

Transcat Acquires Complete Calibrations (Ireland) and e2b Calibration (Cleveland)

September 28, 2022

Industrial Services

Transcat, Inc. acquired all of the capital stock of Galium Limited (d/b/a Complete Calibrations) in Cork, Ireland for $1.2 million in cash and purchased substantially all assets of e2b Calibration (Cleveland/Mentor, Ohio) for $3.15 million in cash. The deals expand Transcat’s geographic footprint in Ireland and strengthen its avionics and ground-support equipment calibration capabilities in the U.S., while adding IP in calibration robotics and complementary service capacity.

Transcat Acquires Tangent Labs

December 31, 2021

Industrial Services

Transcat, Inc. (Nasdaq: TRNS) purchased all of the stock of privately-held Tangent Labs, LLC effective December 31, 2021 for $9.0 million (subject to customary holdbacks). Tangent, founded in 1995 and headquartered in Indianapolis with an additional lab in Huntsville, Alabama, provides ISO/IEC 17025-accredited calibrations to life science, aerospace and other regulated industries and will be led by owner Kevin Broderick who joined Transcat after the sale.

Transcat Acquires SteriQual, Inc.

July 12, 2023

Professional Services

Transcat, Inc. (Nasdaq: TRNS) acquired all of the capital stock of SteriQual, Inc., effective July 12, 2023, for $4.25 million paid in Transcat stock. The acquisition is a bolt-on to Transcat's Nexa Enterprise Asset Management business to expand its professional services and CQV (commissioning, qualification, validation) capabilities for life sciences customers.

Transcat Acquires Axiom Test Equipment, Inc.

August 8, 2023

Industrial Services

Transcat, Inc. acquired all of the capital stock of Axiom Test Equipment, Inc., an electronic test equipment rental and repair provider, effective August 8, 2023. The $38 million purchase was paid with $28 million in Transcat stock and $10 million in cash; Axiom will remain led by its existing management and will be integrated into Transcat's Distribution and Rental business to expand rental capabilities and cross-selling into Transcat's services.