M&A Deal Summary

TestEquity Acquires Interworld Highway

On May 2, 2022, TestEquity acquired test/measurement equipment company Interworld Highway for 55M USD

Acquisition Highlights
  • This is TestEquity’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is TestEquity’s largest (disclosed) transaction.
  • This is TestEquity’s 4th transaction in the United States.
  • This is TestEquity’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-05-02
Target Interworld Highway
Sector Test/Measurement Equipment
Buyer(s) TestEquity
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Interworld Highway

Long Branch, New Jersey, United States
Interworld Highway is an authorized manufacturer/distributor of major brands of test equipment, interactive whiteboards, overhead projectors, and educational technology products. Its primary business objective is to provide excellent service, technical support, and competitive pricing on all products. Interworld Highway is based in Long Branch, New Jersey.

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Buyer(S) 1

Buyer

TestEquity

Moorpark, California, United States
Category Company
Founded 1971
Sector Distribution
DESCRIPTION

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

DEAL STATS #
Overall 4 of 7
Sector (Test/Measurement Equipment) 2 of 5
Type (Add-on Acquisition) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 4 of 6
Year (2022) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Techni-Tool

Worcester, Pennsylvania, United States

Techni-Tool, Inc. is a distributor of test equipment, tool kits, soldering supplies, ESD products, chemicals, hand tools, and more to the electronic production industry. The company products are available through our catalogs, website, and direct sales force, and 95% of all orders are shipped the same day.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 NTE

Oceanside, California, United States

NTE is a test and measurement provider for reconditioned equipment with a strong focus on rental and leasing purchase options. NTE was founded in 1995 and is based in Oceanside, California.

Buy $8M
Mergr

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