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

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.