{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-022398","form_type":"8-K","ticker":"TRNS","cik":"0000099302","company_name":"TRANSCAT INC","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.126917+00:00","generated_at":"2026-06-12T03:34:38.770686+00:00","sec_items":["1.01","2.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Transcat acquires Axiom Test Equipment for $38M; combines rental businesses","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-022398","json":"https://secwatch.observer/filing/0001437749-23-022398.json","markdown":"https://secwatch.observer/filing/0001437749-23-022398.md","text":"https://secwatch.observer/filing/0001437749-23-022398.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/99302/000143774923022398/0001437749-23-022398-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/99302/000143774923022398/trns20230802_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:34:38.770686+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c28d48bc3691e4b6acad32cea3b9569a4cebb386","claim":"TRANSCAT INC completed an acquisition involving Axiom Test Equipment, Inc. for $38 million (closed 2023-08-08).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/99302/000143774923022398/0001437749-23-022398-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Axiom Test Equipment, Inc."},{"label":"Consideration","value":"$38 million"},{"label":"Closing","value":"2023-08-08"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}