Trescal acquires Precision Metrology Inc.
Trescal, announces the acquisition of Precision Metrology Inc., a leading calibration services provider based in Wisconsin and Florida, US.
This transaction consolidates Trescal’s geographical footprint and technical coverage in the United States and has been completed with the support of Ardian, its majority shareholder.
Founded in 1980 and headquartered in Milwaukee, Precision Metrology is A2LA-accredited and has strong technical skills in dimensional, DC/Low Frequency, thermodynamics, and mechanical/dimensional repair. With a turnover of around $11 million, the company employs around 90 people and is mostly active in the Utilities, Aeronautics and Life Science sectors.
Precision Metrology’s founder, Carol Shipley, will remain in her current position to continue leading the growth of the business in the coming years.
This acquisition will bring Trescal’s portfolio in the US to 15 calibration laboratories, with over 400 employees. It is the 16th acquisition since Ardian became its majority shareholder in July 2013.
Guillaume Caroit, Trescal Deputy CEO, said: “The acquisition will allow us to strengthen our position in the Great Lakes area as well as in Florida. The strong technical skills and the leading and young management team are key assets for our development in the USA.”
Carol Shipley, President Precision Metrology, added: “We are a robust and mature calibration laboratory with a strong history in the industry serving our customers for 36 wonderful years. We are proud to become part of Trescal and will continue to strive and exceed our customers and our new owners expectations.”
Kathy Boyd, President Trescal Inc. said: "We are very excited to have Precision Metrology as part of the Trescal US organization. The years of experience, breadth of capabilities and services they provide to their customers will be a great addition to our offering."
Thibault Basquin, Managing Director Ardian Mid Cap Buyout, added: “This transaction fits perfectly with Trescal’s development strategy in North America. Both Ardian and Trescal follow an ambitious roadmap, with a view to accelerating external growth. This has continued to prove its efficiency with what is the 16th acquisition since we invested in the company.”