ROCHESTER, N.Y.–(BUSINESS WIRE)–Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has acquired substantially all the assets of Alliance Calibration, LLC, effective June 1, 2022. The purchase price was $4.7 million and is subject to certain customary holdback provisions.
Founded in 2000 and headquartered in Cincinnati, OH, Alliance provides calibrations of precision measurement and control instrumentation to customers in the life science, chemical, aerospace and general industrial markets. With approximately $2.5 million in annual revenue, Alliance offers ISO/IEC 17025-accredited calibrations in-lab and onsite at customer locations.
“Alliance is a well-run, quality-focused organization with capabilities that complement the existing service offerings found at our Dayton, OH lab very well.”, commented Lee Rudow, President and Chief Executive Officer. “We are confident that we will leverage the capabilities and resources at both locations to increase our presence in this attractive region by cross-selling our enhanced offering to existing and new customers. We are very excited to have the experienced team at Alliance join the Transcat network of labs.”
ABOUT TRANSCAT
Transcat, Inc. is a leading provider of accredited calibration, repair, inspection and laboratory instrument services. The Company is focused on providing best-in-class services and products to highly regulated industries, particularly the Life Science industry, which includes pharmaceutical, biotechnology, medical device and other FDA-regulated businesses; as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 24 Calibration Service Centers strategically located across the United States, Puerto Rico, Canada and Ireland, and services at 20 imbedded customer-site locations. The breadth and depth of measurement parameters addressed by Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.
Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise and integrity create a unique and compelling value proposition for its customers.
Transcat’s strategy is to leverage the complementary nature of its two operating segments, its comprehensive service capabilities, strong brand, enhanced e-commerce capabilities and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model.
More information about Transcat can be found at: Transcat.com.
