TRANSCAT INC (TRNS): M&A transaction — Transcat acquires Becnel Rental Tools for $50M in cash and stock

TRANSCAT INC

Purchase price $50M: $17.5M cash + $32.5M stock (301,707 shares).
Becnel provides rental tools for oil well decommissioning and maintenance.
Becnel's management, led by Jason Becnel, will remain in place.
Acquired EBITDA approximately $5.8M; expected to expand gross and EBITDA margins.
Shares subject to 180-day lock-up; registration rights agreement filed within 60 days.

item 1.01 item 2.01 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TRANSCAT INC completed an acquisition involving Becnel Rental Tools, LLC for approximately $50.0 million (closed 2024-04-15).

Action: acquisition
Counterparty: Becnel Rental Tools, LLC
Consideration: approximately $50.0 million
Closing: 2024-04-15

Exact text from the filing

affiliates, or any director or officer of Transcat, or any associate of any such director or officer. Pursuant to the Agreement, the Company acquired Becnel for approximately $50.0 million (the “Acquisition”), consisting of a combination of (i) $17.5 million in cash and (ii) approximately $32.5 million of the Company’s common stock, par value $0.50 per share

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106 m&a transactions filed in the last 30 days. Browse all m&a transactions →

TRANSCAT INC filing history →

Source: SEC EDGAR

accession 0001206774-24-000358

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