M&A Deal Summary

Transcat Acquires Tangent Labs

On December 31, 2021, Transcat acquired test/measurement equipment company Tangent Labs for 9M USD

Acquisition Highlights
  • This is Transcat’s 10th transaction in the Test/Measurement Equipment sector.
  • This is Transcat’s 5th largest (disclosed) transaction.
  • This is Transcat’s 14th transaction in the United States.
  • This is Transcat’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2021-12-31
Target Tangent Labs
Sector Test/Measurement Equipment
Buyer(s) Transcat
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

Tangent Labs

Indianapolis, Indiana, United States
Tangent Labs provides in-house and on-site calibrations of precision measurement and control instrumentation to customers in life science, aerospace and other regulated industries. Tangent Labs was founded in 1995 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Transcat

Rochester, New York, United States
Category Company
Founded 1964
Sector Test/Measurement Equipment
Employees1,104
Revenue 259M USD (2024)
DESCRIPTION

Transcat is a provider of accredited calibration and compliance services and distributor of professional grade handheld test, measurement and control instrumentation. Transcat was founded in 1964 and is based in Rochester, New York.

DEAL STATS #
Overall 19 of 25
Sector (Test/Measurement Equipment) 10 of 12
Type (Add-on Acquisition) 18 of 24
State (Indiana) 2 of 2
Country (United States) 14 of 20
Year (2021) 1 of 1
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 BioTek Services

Richmond, Virginia, United States

BioTek Services, Inc. provides in-house and on-site laboratory instrument calibrations and certification/validation offerings nationally to life science and other regulated industries. BioTek offers ISO/IEC 17025-accredited and commercial calibrations services for pipettes and liquid handling devices, as well as other lab equipment within the temperature, time, humidity, speed and balance/scale disciplines. BioTek Services was founded in 1998 and is based in Richmond, Virginia.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Alliance

Cincinnati, Ohio, United States

Alliance provides calibrations of precision measurement and control instrumentation to customers in the life science, chemical, aerospace and general industrial markets. Alliance was formed in 2000 and is based in Cincinnati, Ohio.

Buy $5M
Mergr

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