Business Wire10.08.18
Transcat Inc., a provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, acquired substantially all of the assets of Angel’s Instrumentation Inc. The purchase price was $4.7 million and is subject to certain customary holdback provisions.
Established in 2000, AI provides in-house and on-site calibrations nationally to the manufacturing and maritime industries from its Chesapeake, Va., calibration laboratory. With approximately $4 million in annual revenue, AI’s service offerings include RF & electronic test equipment, physical, dimensional, thermal, flow and torque calibrations. AI is accredited by the American Association of Laboratory Accreditation (A2LA) in accordance with the recognized International Standard ISO/IEC 17025:2005 General requirements for the competence of testing and calibration laboratories, and also meets the requirements of ANSI/NCSLI Z540-1-1994 and the requirements of ANSI/NCSLI Z540.3-2006 and R205.
“Angel’s Instrumentation is a good strategic fit for us as it strengthens our position in the mid-Atlantic region and expands our customer base. We also plan to leverage our national footprint to lower AI’s cost of service to its national customers,” commented Lee D. Rudow, president and CEO of Transcat. “Importantly, Angel’s Instrumentation shares our deep commitment to quality and customer service and we welcome the entire team to the Transcat family.”
Transcat Inc. provides accredited calibration, repair, inspection and laboratory instrument services to highly regulated industries, including life science, aerospace and defense, pharmaceutical, medical device manufacturing, and biotechnology. Transcat provides permanent and periodic on-site services, mobile calibration services and in-house services through 21 Calibration Service Centers strategically located across the United States, Puerto Rico, and Canada. Transcat also operates as a value-added distributor that markets, sells, and rents new and used national and proprietary brand instruments to customers primarily in North America.
Transcat’s growth 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.
Established in 2000, AI provides in-house and on-site calibrations nationally to the manufacturing and maritime industries from its Chesapeake, Va., calibration laboratory. With approximately $4 million in annual revenue, AI’s service offerings include RF & electronic test equipment, physical, dimensional, thermal, flow and torque calibrations. AI is accredited by the American Association of Laboratory Accreditation (A2LA) in accordance with the recognized International Standard ISO/IEC 17025:2005 General requirements for the competence of testing and calibration laboratories, and also meets the requirements of ANSI/NCSLI Z540-1-1994 and the requirements of ANSI/NCSLI Z540.3-2006 and R205.
“Angel’s Instrumentation is a good strategic fit for us as it strengthens our position in the mid-Atlantic region and expands our customer base. We also plan to leverage our national footprint to lower AI’s cost of service to its national customers,” commented Lee D. Rudow, president and CEO of Transcat. “Importantly, Angel’s Instrumentation shares our deep commitment to quality and customer service and we welcome the entire team to the Transcat family.”
Transcat Inc. provides accredited calibration, repair, inspection and laboratory instrument services to highly regulated industries, including life science, aerospace and defense, pharmaceutical, medical device manufacturing, and biotechnology. Transcat provides permanent and periodic on-site services, mobile calibration services and in-house services through 21 Calibration Service Centers strategically located across the United States, Puerto Rico, and Canada. Transcat also operates as a value-added distributor that markets, sells, and rents new and used national and proprietary brand instruments to customers primarily in North America.
Transcat’s growth 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.