---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-24-000358"
form_type: "8-K"
ticker: "TRNS"
cik: "0000099302"
company_name: "TRANSCAT INC"
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T23:14:21.137270+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Transcat acquires Becnel Rental Tools for $50M in cash and stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001206774-24-000358
- form_type: 8-K
- ticker: TRNS
- cik: 0000099302
- company_name: TRANSCAT INC
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99302/000120677424000358/0001206774-24-000358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99302/000120677424000358/trns4323441-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-24-000358
- JSON: https://secwatch.observer/filing/0001206774-24-000358.json
- Plain text: https://secwatch.observer/filing/0001206774-24-000358.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/99302/000120677424000358/0001206774-24-000358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.