Announced
Completed
Financials
Tags
Household Furnishings
Acquisition
United States
Majority
Completed
Friendly
Domestic
Private
office equipment
Single Bidder
Synopsis
Lawson Products-backed TestEquity, a distributor focused on providing the largest and highest quality selection of test and measurement equipment and solutions, completed the acquisition of Interworld Highway, a distributor of major brands of test equipment, for $55m. “This strategic acquisition is expected to be immediately earnings accretive to TestEquity and to our parent company, Lawson. We also expect this to deliver synergies to our solutions that strengthen product and service capabilities, as well as add to the value proposition for our customers,” Russ Frazee, TestEquity CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.