Transcat purchases privately-held SteriQual for $4.25M

Transcat announced that it has purchased all of the capital stock of privately-held SteriQual effective July 12. The purchase price of $4.25M was paid in Company stock and is subject to certain holdback provisions. “I am pleased to announce the acquisition of SteriQual. Although not a large acquisition, it is strategic in that it is the initial “bolt-on” to the Nexa Enterprise Asset Management business, that has been quite successful since we acquired it in fiscal 2022 and it is the first acquisition that further builds out our Professional Services footprint, providing additional capability and significant industry know-how in the CQV space. Additionally, this acquisition bolsters the NEXA Single Source Solution model, enabling the execution of the vast majority of the scope surrounding the engineering needs required for capital projects under a single entity,” commented Lee Rudow, President and Chief Executive Officer. “Based on our experience with growing Nexa and the demand we are seeing in the marketplace, we believe that SteriQual is the perfect fit for Nexa and Transcat and we are confident that it further enhances our overall value proposition, that is already a significant differentiator as we pursue incremental business with new and existing customers.”