Transcat Acquires Essco Calibration for $84 Million, Expands Regional Presence and Enhances Capabilities.

Transcat has acquired Essco Calibration Laboratory for $84 million, expanding its market presence and offering potential sales and cost synergies. The deal, supported by a new $150 million credit facility, positions Transcat as a dominant player in New England and follows its purchase of Martin Calibration. The acquisition contributes significantly to Transcat's revenue and expands its capabilities and geographic reach.

Transcat, Inc. (Nasdaq: TRNS) has acquired Essco Calibration Laboratory for $84 million, marking a significant move to strengthen its position in the calibration services market. The deal, announced on August 5, 2025, positions Transcat as a dominant player in the New England region and follows its recent acquisition of Martin Calibration.

Essco, an ISO-17025 Accredited calibration laboratory based in the Boston metro area, has been operating for over 50 years and generates over $22 million in annual revenue with EBITDA margins above 25%. The acquisition was supported by a new $150 million syndicated credit facility jointly led by M&T Bank and Wells Fargo Bank.

"The acquisition of Essco Calibration is a perfect fit into our calibration service portfolio and creates a dominant presence for Transcat in the New England market," noted Lee Rudow, President and Chief Executive Officer of Transcat. "With their reputation for high quality and a broad scope of capabilities, including specialized, high-end electrical measurement in support of Aerospace & Defense and other regulated industries, Essco has been a strategic target within the calibration industry for many years."

The acquisition is expected to bring significant sales and cost synergies, including the consolidation of Transcat's Boston operations to support the New England region. The combined operation will become Transcat's highest revenue-producing location in a region rich in highly regulated Life Science and Aerospace & Defense industries.

Mike Walsh, owner of Essco Calibration, expressed his satisfaction with the acquisition, stating, "With over 50 years of serving customers throughout the New England area and across the United States, Essco has established the highest quality reputation in the industry. I believe with Transcat’s long-term commitment to quality and technical capabilities, along with a focus on training and development of employees, they are the optimal partner in this deal."

Transcat expects to provide additional details on the acquisition and other milestones at its upcoming quarterly financial results conference call on August 7, 2025.

References:
[1] https://www.morningstar.com/news/business-wire/20250805143587/transcat-acquires-premier-calibration-services-provider-essco-calibration-laboratory