DSG-backed TestEquity to acquire ConRes Test Equipment from Continental Resources.

DSG-backed TestEquity, a distributor of test and measurement equipment, agreed to acquire ConRes Test Equipment, a company offering rental, lease and sales options for test equipment, from Continental Resources, a petroleum and natural gas exploration and production company. Financial terms were not disclosed. “This acquisition is consistent with our focus to drive overall customer-intimacy by expanding and diversifying TestEquity’s test equipment offerings and value-add service capabilities in all of our end markets. Notably, it will broaden our technical expertise with a strong focus on used equipment and rental solutions, expanded calibration-repair capabilities, as well as an important ISO 17025 accredited lab in the Eastern U.S., staffed with in-house technicians able to scale our offerings and customer reach,” Russ Frazee, TestEquity President and CEO.