TestEquity (Distribution Solutions Group) Acquires ConRes Test Equipment in Carve-Out
November 19, 2024
Distribution Solutions Group’s operating company TestEquity signed an agreement to acquire ConRes Test Equipment, a division of Continental Resources, Inc., in a carve-out transaction. The acquired business, based near Boston in Bedford, Massachusetts, provides rental, lease, and sales of test and measurement equipment, including an ISO 17025 accredited lab and calibration/repair capabilities. The deal was expected to close in the fourth quarter of 2024, and the later announcement confirms it closed on November 18, 2024.
- Buyers
- Distribution Solutions Group, Inc. (DSG) - TestEquity segment, TestEquity
- Targets
- ConRes Test Equipment
- Sellers
- Continental Resources, Inc.
- Platforms
- TestEquity
- Industry
- Industrial Services
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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