M&A Deal Summary

TestEquity Acquires ConRes TE

On October 3, 2024, TestEquity acquired test/measurement equipment company ConRes TE from Continental Resources

Acquisition Highlights
  • This is TestEquity’s 5th transaction in the Test/Measurement Equipment sector.
  • This is TestEquity’s 6th transaction in the United States.
  • This is TestEquity’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2024-10-03
Target ConRes TE
Sector Test/Measurement Equipment
Buyer(s) TestEquity
Sellers(s) Continental Resources
Deal Type Divestiture

Target

ConRes TE

Bedford, Massachusetts, United States
ConRes TE provides a wide array of quality test and measurement equipment solutions, including spectrum/signal analyzers, network analyzers, oscilloscopes, and other general-purpose test equipment. ConRes TE was formed in 1962 and is headquartered in Bedford, Massachusetts.

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Buyer(S) 1

Buyer

TestEquity

Moorpark, California, United States

Category Company
Founded 1971
Sector Test/Measurement Equipment
DESCRIPTION

TestEquity is a distributor of electronic test and measurement equipment as well as laboratory and production supplies. TestEquity was founded in 1971 and is based in Moorpark, California.


DEAL STATS #
Overall 7 of 7
Sector (Test/Measurement Equipment) 5 of 5
Type (Divestiture) 3 of 3
State (Massachusetts) 2 of 2
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Instrumex

Sauerlach, Germany

Instrumex is a test and measurement provider of reconditioned test equipment based. Instrumex offers a wide selection of general equipment from most leading manufacturers, Instrumex provides the highest level of service to its customers including certified repair and calibration. Instrumex was founded in 1986 and is based in Sauerlach, Germany.

Buy -

Seller(S) 1

SELLER

Continental Resources

Oklahoma City, Oklahoma, United States

Category Company
Founded 1967
Sector Oil/Gas Exploration
DESCRIPTION

Continental Resources is an independent oil producer and energy renaissance. With a focus on the exploration and production of oil, Continental has unlocked the technology and resources vital to American energy independence and our nation’s leadership in the new world oil market. Continental Resources was formed in 1967 and is headquartered in Oklahoma City.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1