Transcat, Inc. acquired Becnel Rental Tools, LLC for $50.8 million.
April 14, 2024
Share
Transcat, Inc. (NasdaqGM:TRNS) acquired Becnel Rental Tools, LLC for $50.8 million on April 15, 2024. The consideration $50 million combination of $32.5 million in Company stock and $17.5 million in cash and is subject to certain customary holdback provisions. As of April 15, 2024, Becnel reported the EBITDA of $5.8 million. Woodbridge International LLC acted as financial advisor to Becnel Rental Tools, LLC.
Transcat, Inc. (NasdaqGM:TRNS) completed the acquisition of Becnel Rental Tools, LLC on April 15, 2024.
Transcat, Inc. is a provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, computerized maintenance management system (CMMS), and pipette services. The Company is focused on providing services and products to regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Its Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through its asset management system, CalTrak and its online customer portal, C3. Its Distribution segment sells and rents national and brand instruments to customers globally. It provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 27 calibration service centers.
TRANSCAT, INC. 
