List of 15 Indiana-based Test/Measurement Equipment Companies

Name	Sector	Revenue $mlns	M&A Activity			Last 5 Years
Name	Sector	Revenue $mlns	Total	Buy	Sell	Last 5 Years
Dwyer PE Backed Arcline Investment Management 2021-07-27 Michigan, Indiana, United States website	Test/Measurement Equipment	-	5	5	-
System Scale Corp. Private Indianapolis, Indiana, United States website	Test/Measurement Equipment	-	1	1	-
Electrical Maintenance and Testing, Inc. Acquired Potomac Testing 2020-06-29 Carmel, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Apex Metrology Solutions Acquired Transcat 2015-03-06 Fort Wayne, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
South Bend Medical Foundation - Diagnostic Clinical Laboratory Assets Acquired LabCorp 2019-10-22 Indiana, United States	Test/Measurement Equipment	-	-	-	-
Air Quality Services Acquired Alliance Technical Group 2021-05-12 Evansville, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Technidyne Acquired Industrial Physics 2021-12-07 New Albany, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Eli Lilly & Co - Greenfield Laboratories Acquired Covance 2008-08-06 $50M Greenfield, Indiana, United States	Test/Measurement Equipment	-	-	-	-
Dura Products PE Backed The Edgewater Funds 2023-06-01 Arcadia, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
EmNet LLC Acquired Xylem 2018-02-06 South Bend, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Eclipse Energy Acquired Blue Whale Materials 2023-05-02 Greenfield, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Harlan Laboratories, Inc. Acquired Huntingdon Life Sciences, Inc. 2014-05-01 Indianapolis, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Wabash Technologies, Inc. Acquired Sensata Technologies 2014-01-02 Huntington, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Tangent Labs Acquired Transcat 2021-12-31 $9M Indianapolis, Indiana, United States website	Test/Measurement Equipment	-	-	-	-
Polaris Laboratories PE Backed Riverspan Partners 2024-10-08 Indianapolis, Indiana, United States website	Test/Measurement Equipment	-	-	-	-

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