Transcat Acquires Ulrich Metrology Inc. And Expands Reach In Canada

Transcat, Inc. TRNS ("Transcat" or the "Company"), a leading provider of accredited calibration and compliance services and distributor of professional grade handheld test, measurement and control instrumentation, announced today that it has acquired, effective as of August 31, 2014, Ulrich Metrology Inc. ("Ulrich"), a leading Canadian provider of accredited and commercial calibrations with annualized revenue of $3.7 million. Founded in 1976 and headquartered in Montreal, Ulrich specializes in providing custom metrology solutions for the aerospace and defense, industrial manufacturing and life science industries. Ingrid Ulrich, President of Ulrich, and Ronald Barry, General Manager, will be remaining with Transcat. Lee D. Rudow, President and Chief Executive Officer of Transcat, commented, "This acquisition extends our reach into the calibration market in Canada, providing a larger customer base specifically in both Montreal and Ottawa. In addition, their experience and capabilities enhance our current operations, which we believe will enable further growth. Ulrich's technical capabilities, accreditations and quality focus are directly aligned with Transcat's value proposition." Ulrich offers ISO/IEC 17025-accredited and commercial calibrations services within the dimensional, electrical, force, pressure, temperature and torque disciplines. "Joining Transcat is a positive next step for the expansion of our business based on our shared corporate values and mutual dedication to quality," said Ingrid Ulrich. "As a combined company, we will provide continuity to our customers and growth opportunities to our valued employees." Ronald Barry added, "We have heard and listened to our customers requesting Ulrich to increase our offering and to have a broader North American presence. The combination of Ulrich with Transcat provides a significant opportunity to expand our overall scope of service by leveraging Transcat's market leading positions in Canada and the United States."