TRANSCAT INC (TRNS): M&A transaction — Transcat acquires Axiom Test Equipment for $38M; combines rental businesses

TRANSCAT INC

Acquired Axiom Test Equipment for $38M ($28M in stock, $10M cash) on Aug 8, 2023.
Combined rental business expected ~$24M revenue with gross margins >55%.
Little overlap in rental assets/customers; cross-sell opportunity cited.
Axiom President Josh Shilts to remain leading the team.

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 Axiom Test Equipment, Inc. for $38 million (closed 2023-08-08).

Action: acquisition
Counterparty: Axiom Test Equipment, Inc.
Consideration: $38 million
Closing: 2023-08-08

Exact text from the filing

or any associate of any such director or officer, other than in respect of the transaction. Pursuant to the Agreement, the Company acquired all of the capital stock of Axiom for $38 million, which was paid for in combination of the Company’s common stock, par value $0.50 per share (“Common Stock”), with a value up to $28 million, or up to 315,403 shares (the

View on SEC.gov

Browse all m&a transactions →

TRANSCAT INC filing history →

Source: SEC EDGAR

accession 0001437749-23-022398

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.