M&A Deal Summary

TestEquity Acquires Techni-Tool

On July 26, 2017, TestEquity acquired distribution company Techni-Tool from Grainger

Acquisition Highlights
  • This is TestEquity’s 1st transaction in the Distribution sector.
  • This is TestEquity’s 3rd transaction in the United States.
  • This is TestEquity’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-07-26
Target Techni-Tool
Sector Distribution
Buyer(s) TestEquity
Sellers(s) Grainger
Deal Type Divestiture

Target

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.

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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 3 of 7
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 6
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 JENSEN Tools + Supply

North Andover, Massachusetts, United States

JENSEN Tools + Supply, Inc. is a provider of value-added solutions for electronics manufacture, field service, and repair professionals. JENSEN’s customer-centric approach combines the best brands and products with an experienced and responsive sales team to provide a level of service that’s unmatched in the industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 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.

Buy $55M

Seller(S) 1

SELLER

Grainger

Lake Forest, Illinois, United States

Category Company
Founded 1927
Sector Distribution
Employees21,800
Revenue 16.5B USD (2023)
DESCRIPTION
Entrance to Grainger's corporate headquarters in Lake Forest, Illinois.
Entrance to Grainger's corporate headquarters in Lake Forest, Illinois.

Grainger is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada. The Company also has a in Europe, Asia and Latin America. Grainger was established in 1927 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 3 of 5
Sector (Distribution) 1 of 3
Type (Divestiture) 3 of 5
State (Pennsylvania) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Cromwell Group

Leicester, United Kingdom

Cromwell Group (Holdings) Ltd. is an independent MRO distributor.

Buy £310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Fabory

Tilburg, Netherlands

Fabory is a provider of fasteners and fastener-related products in the Benelux with a pan-European presence. The company sources a broad assortment of high-quality and mission-critical fasteners from suppliers worldwide and distributes to over 60,000 customers throughout Europe. Its client base ranks from blue-chip to SME across various end markets, including machine building, electrical appliances, automotive, and construction. With its broad one-stop-shop offering of over 400,000 products, Fabory combines deep technical knowledge with smart inventory management solutions and a high degree of availability to provide its customers with efficient and convenient fastener-related solutions. Fabory was formed in 1947 and is based in Tilburg, Netherlands.

Sell -