TRANSCAT INC (TRNS): M&A transaction — Transcat acquires Martin Calibration for $79M in cash and stock, expanding Midwest presence

TRANSCAT INC

Purchase price $79M: $69M cash + $10M in 96,006 shares of TRNS common stock.
Martin operates 7 labs in Minneapolis, Chicago, Milwaukee, Eau Claire, Tempe, Los Angeles; serves medical, life science, aerospace, nuclear.
Martin has over $25M revenue and nearly 150 employees; largest acquisition in Transcat history.
CEO Lee Rudow cites strong strategic fit, geographic expansion, and expected synergies.
Martin's owner Rick Brion joins Transcat; shares subject to lock-up until 45 days after registration.

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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 Martin Holding Inc. (the Seller), Martin Calibration LLC, and Richard L. Brion for $79 million (closed 2024-12-10).

Action: acquisition
Counterparty: Martin Holding Inc. (the Seller), Martin Calibration LLC, and Richard L. Brion
Consideration: $79 million
Closing: 2024-12-10

Exact text from the filing

director or officer of the Company, or any associate of any such director or officer. Pursuant to the Agreement, the Company acquired all of the membership units of Martin for $79 million, subject to customary adjustments set forth in the Agreement, consisting of a combination of (i) $69 million in cash and (ii) approximately $10 million in shares of the Company’s

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Source: SEC EDGAR

accession 0001206774-24-001101

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