M&A
confidence high
sentiment positive
materiality 0.55
Transcat acquires SteriQual for $4.25M in stock to bolster professional services
TRANSCAT INC
- Purchase price of $4.25 million paid in Transcat stock, subject to holdback provisions.
- SteriQual provides CQV consulting services to pharma, biopharma, medical device manufacturers.
- Existing leadership and staff will remain onboard and continue to service customers.
- Acquisition is a bolt-on to Nexa Enterprise Asset Management, expanding Professional Services footprint.
- Enhances NEXA Single Source Solution (NS3) model for capital project execution.