Transcat Acquires Tangent Labs in Indy
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New York-based Transcat Inc. (Nasdaq: TRNS) has acquired Tangent Labs LLC in Indianapolis in a $9 million deal. Tangent provides in-house and on-site calibrations of precision measurement and control instrumentation for the life science, aerospace and other regulated industries.
Tangent has labs in both Indy and Alabama. Transcat says Tangent owner Kevin Broderick will continue to lead the business.
“Tangent is a natural fit within our geographic expansion strategy as it gives us new local presence in two attractive areas of the country that fit perfectly into our operational footprint,” said Lee Rudow, president of Transcat. “Indiana has a large and growing life science/medical device market, while Huntsville, Alabama is a large military/aerospace market. Additionally, Tangent is a very well-run company that has successfully automated certain elements of its calibration program to help drive an extremely strong profitability profile. We are pleased to welcome Kevin and the Tangent team to Transcat.”
Transcat provides calibration, repair, inspection and laboratory instrument services.