Transcat Acquires Tangent Labs
December 31, 2021
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.
- Buyers
- Transcat, Inc.
- Targets
- Tangent Labs, LLC
- Sellers
- Kevin Broderick
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
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