Trescal, which is backed by Ardian, has acquired General Calibration. No financial terms were disclosed. Based in Boonton, NJ, GenCal is a provider of calibration maintenance and electrical measurement equipment repair.
January 7th 2015. Trescal, the international specialist in calibration services, announces the acquisition of General Calibration Inc.(GenCal), based in Boonton, New Jersey (USA). GenCal is an ISO 17025 A2LA accredited one-stop-shop laboratory and employs 22 people for an annual turnover of ~3 M$.
This acquisition allows Trescal to expand its footprint in the American market, strengthening its presence in the North East. It also reinforces its technical skills, particularly in electrical High Voltage calibration. GenCal’s management team will remain unchanged.
Guillaume Caroit, General Secretary of Trescal Group, said: “We are very happy to welcome General Calibration within Trescal group. This acquisition shows our strong commitment to reinforce Trescal presence in the US. We aim at continuing at the same pace our acquisition strategy in North America in 2015.”
This deal was completed with the support of Trescal’s majority shareholder, Ardian, the premium independent private investment company. This acquisition is the tenth build-up following Ardian’s take over of Trescal in July 2013, and the fourth in the United States in 2014.
Ardian, founded in 1996 and led by Dominique Senequier, is a premium independent private investment company with assets of US$50bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.
Ardian maintains a truly global network, with more than 340 employees working through ten offices in Paris, London, New York, Beijing, Frankfurt, Jersey, Luxembourg, Milan, Singapore and Zurich. The company offers its 346 investors a diversified choice of funds covering the full range of asset classes, including Fund of Funds (primary, early secondary and secondary), Direct Funds including Infrastructure, Expansion, Mid Cap Buyout, Ardian Growth, Co-Investment and Private Debt.
Trescal, international specialist in calibration provides a broad range of services for the test and measuring equipment market. Trescal are represented in 16 countries: Austria, Belgium, Czech Republic, Denmark, France, Germany, Italy, Singapore, Spain, Sweden, Switzerland, the Netherlands, United Kingdom, United States, Romania and Tunisia. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal offer their expertise for the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology and technical support, and training. Trescal operate in 72 owned calibration laboratories and employ circa 1,950 people across the world.
Trescal service 28,000 customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal’s sales reach 181 million Euros.
ABOUT GENERAL CALIBRATION
General Calibration was incorporated in 1988 in Whippany, New Jersey. Since then, the three founders’ goal has been to provide the highest level of service excellence in calibration maintenance and repair of electrical measurement equipment. In 1996 the company moved to Boonton, in a 9 000 sq. foot state-of-the-art laboratory.
LIST OF PARTICIPANTS
TRESCAL: Olivier Delrieu, Guillaume Caroit, Léonard de La Hosseraye
ARDIAN: Thibault Basquin, Yann Bak, Arnaud Tardan, Edouard Level
Tax due diligence: Alvarez & Marsal Veronica Flores, Joseph Plati
Legal counsel: Hooper Hathaway: James Beuche, William Beuche
Financial due diligence: EY: Laurent Majubert, Jérôme Cazauvieilh, Norbert Buil