Transcat Acquires Essco Calibration for $84mln, Expands Market Position in New England Region.

Transcat Inc. has acquired Essco Calibration Laboratory for $84 mln in cash, marking its largest acquisition to date. Essco, an ISO-17025 accredited calibration lab, generates over $22 mln in annual revenue and serves diverse sectors through in-house and onsite calibration services. The acquisition is expected to generate sales and cost synergies and become Transcat's highest-revenue location.

Transcat Inc. (Nasdaq: TRNS) has completed its largest acquisition to date, acquiring Essco Calibration Laboratory for $84 million in cash. The acquisition is subject to customary adjustments and holdback provisions [1]. Essco, an ISO-17025 accredited calibration laboratory, has been operating for over 50 years and generates over $22 million in annual revenue. The company provides both in-house and onsite calibration services to a diverse range of sectors, including Medical, Life Science, Aerospace & Defense, and Industrial [1].

The acquisition is supported by Transcat’s recently announced new $150 million syndicated credit facility, jointly led by M&T Bank and Wells Fargo Bank [1]. Transcat expects the deal to generate sales and cost synergies, with Essco becoming the company's highest-revenue location in the New England region. The acquisition follows Transcat's December acquisition of Martin Calibration, demonstrating the company's ability to attract and acquire highly sought-after calibration companies to expand its capabilities and geographic reach [1].

Transcat's President and CEO, Lee Rudow, noted that Essco's reputation for high-quality services and specialized capabilities, particularly in high-end electrical measurement for regulated industries, make it a strategic fit for Transcat's calibration service portfolio. Rudow expects the combined operation to leverage automation opportunities and reduce outsourced calibrations [1].

Mike Walsh, Essco Calibration’s owner, commented that Transcat's long-term commitment to quality and technical capabilities, along with its focus on training and development, make it the optimal partner for Essco. He looks forward to working closely with the Transcat team to capitalize on the strengths of both organizations [1].

Management will discuss the transaction details during the first quarter fiscal year 2026 conference call on Thursday, August 7, 2025, at 11:00 a.m. Eastern Time [1].

References:
[1] https://www.morningstar.com/news/business-wire/20250805143587/transcat-acquires-premier-calibration-services-provider-essco-calibration-laboratory
[2] https://seekingalpha.com/news/4478391-transcat-acquires-essco-calibration-laboratory