Transcat acquires Tangent Labs for $9M

Transcat Inc. is expanding its presence in the midwestern and southern United States with the purchase of privately-held Tangent Labs LLC.

Founded in 1995, Indianapolis, Ind.-headquartered Tangent provides in-house and on-site calibrations of precision measurement and control instrumentation to customers in life science, aerospace, and other regulated industries. With approximately $2.2 million in annual revenue, Tangent offers ISO/IEC 17025-accredited calibrations and has labs located in both Indianapolis and Huntsville, Ala. Kevin Broderick, owner of Tangent, has joined Transcat to continue leading 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,” commented Lee Rudow, Transcat president and CEO. “Indiana has a large and growing life science/medical device market, while Huntsville, Ala., 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 Inc. provides accredited calibration, repair, inspection and laboratory instrument services. The company is focused on providing best-in-class services and products to the life sciences industry, which includes pharmaceutical, biotechnology, medical device and other FDA-regulated businesses; as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 22 Calibration Service Centers strategically located across the United States, Puerto Rico and Canada, and services at 20 imbedded customer-site locations. Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. Medical Product Outsourcing