MFA Advises TTE Laboratories in Sale to Transcat
We are pleased to announce that TTE Laboratories, Inc. was recently acquired by Transcat, Inc. (Nasdaq: TRNS).
MFA’s affiliate, MFA Capital Advisors, was the exclusive financial advisor providing consulting and advisory services to TTE, and the transaction was facilitated by MFA Securities (also an affiliate of MFA). Terms of the transaction were not disclosed.
A Massachusetts-based provider of metrology-based, audit-ready pipette calibration services, TTE specializes in a metrology-driven approach compliant with both ISO 17025 and 8655 calibration standards. Transcat is a leading provider of accredited calibration, repair, inspection and laboratory instrument services with clients spread across industries including biotechnology, medical device manufacturing, aerospace and defense, and pharmaceuticals.
Benjamin Leverone, President and CEO of TTE, said “Everyone at MFA brought a different area of strength to the transaction, which helped guide the process through to the end. We had a great working relationship and will always value the expertise, professionalism and drive they brought to helping us achieve our goal.”
“I’ve known the team at TTE for more than a decade, and I’m thrilled we were able to support them in finding a like-minded strategic partner,” said Laura Moruzzi, Partner at MFA. “TTE and Transcat share great synergy, and we’re confident that, united, they will continue to provide superior calibration services to the life sciences market in New England and across the country.”
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