Sale to LKCM Headwater Investments

Industrial
Sale to LKCM Headwater Investments

Summary

Baird served as exclusive financial advisor to TestEquity, LLC on this transaction

About

TestEquity, LLC (“TestEquity”), a portfolio company of First Atlantic Capital, was recently acquired by LKCM Headwater Investments. Terms of the transaction were not disclosed.

TestEquity is a leading North American distributor of electronic test and measurement equipment as well as laboratory and production supplies to customers operating in aerospace & defense, industrial technology, wireless & communications, contract manufacturing, semiconductor, educational & government and other diverse industries. TestEquity is a value-added partner to customers, providing technical advice, a one-stop shop product offering and multiple procurement alternatives including new, reconditioned and rental options supported by leading calibration capabilities. TestEquity is headquartered in Moorpark, California.

First Atlantic Capital is a middle market private equity firm that leverages its extensive consulting and operational experience to acquire and build middle market companies. Since its inception, First Atlantic Capital has completed more than 70 acquisitions assembling 22 successful platforms in various industries that include plastics and packaging, food and beverage, consumer and industrial products and business services. First Atlantic Capital is headquartered in New York, New York.

LKCM Headwater Investments is the private investment arm of Luther King Capital Management (“LKCM”), a Fort Worth based investment firm founded in 1979 with approximately $13.7 billion in assets under management. LKCM and its affiliates have a long history of successfully investing in and growing value-added and niche distributors. LKCM Headwater Investments is headquartered in Fort Worth, Texas.
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Industrial
Sale to LKCM Headwater Investments
Date
April 2017
Company
TestEquity, LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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