Transcat Expands Service Business and Geographic Reach with Acquisition of Tangent Labs
Transcat, Inc. (TRNS)
Last transcat, inc. earnings: 2/4 04:15 pm
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Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has purchased all of the stock of privately-held Tangent Labs, LLC (Tangent), effective December 31, 2021. The purchase price was $9.0 million and is subject to certain customary holdback provisions.Founded in 1995 and headquartered in Indianapolis, IN, Tangent provides in-house and on-site calibrations of precision measurement and control instrumentation to customers in life science, aerospace and other regulated industries. With approximately $2.2 million in annual revenue, Tangent offers ISO/IEC 17025-accredited calibrations and has labs located in both Indianapolis and Huntsville, Alabama. Kevin Broderick, owner of Tangent, will join Transcat and continue to lead
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TRNS
Earnings
- 1/29/24 - Beat
TRNS
Sec Filings
- 4/15/24 - Form 8-K
- 4/10/24 - Form 8-K/A
- 4/9/24 - Form 8-K
- TRNS's page on the SEC website