Transcat Completes Wind Turbine Tools Acquisition

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Transcat Inc., a distributor of professional-grade handheld test and measurement instruments has completed the acquisition of substantially all of the assets of Wind Turbine Tools Inc. and affiliated entities. The purchase was an all-cash transaction, although terms were not disclosed.

Jim Daugherty, founder of Lincoln, Montana-based Wind Turbine Tools, will remain with Transcat as director of wind energy sales.

Transcat entered into a nonbinding letter of intent to acquire Wind Turbine Tools in November 2010.

SOURCE: Transcat Inc.

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