.
MergerLinks Header Logo

Announced

Completed

Lawson Products-backed TestEquity completed the acquisition of Interworld Highway for $55m.

Financials

Edit Data
Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Household Furnishings

Acquisition

United States

Majority

Completed

Friendly

Domestic

Private

office equipment

Single Bidder

Synopsis

Edit

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.

CONTACT US