Transcat acquires TIC-MS for $9.7M; 70% stock, 30% cash

TRANSCAT INC

Purchase price $9.7 million paid 70% in Transcat common stock (77,387 shares) and 30% cash.
TIC-MS is an ISO/IEC 17025 accredited calibration lab in St. Louis, MO; founded 1986.
Existing TIC-MS leadership and staff remain; Transcat plans to co-locate with its existing St. Louis lab.
Transaction closed March 27, 2023; strengthens Transcat's Midwest calibration services presence.
Transcat issued shares under Section 4(a)(2) exemption to accredited investors.

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