Monthly Archives: April 2024

  1. Transcat Further Expands its Higher Margin Rental Business With the Acquisition of Becnel Rental Tools, Inc.

    ROCHESTER, NY, April 15, 2024 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it has acquired privately-held Becnel Rental Tools LLC (Becnel), effective April 15, 2024. The $50 million purchase price was paid in combination of $32.5 million in Company stock and $17.5 million in cash and is subject to certain customary holdback provisions.

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  2. Transcat Inc. Announces Executive Leadership Changes

    Rochester NY / PR NEWSWIRE /April 9, 2024/ Transcat Inc. (NASDAQ:TRNS) (the “Company” or “Transcat”), a leading provider of accredited calibration services, cost control and optimization services, and value-added rental/distribution of professional grade handheld test, measurement, and control instrumentation, today announced that Mark Doheny will step down as Chief Operating Officer of Transcat effective immediately. Mr. Doheny will be retained as a consultant to assist with a transition through October 2024.

    We are excited to announce the promotion and appointment of Mike West, current Senior Vice President of Operations, to replace Mr. Doheny.

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