Completed Transactions > International > Instrument Technology Inc. Acquired By Transom Shields Group
Instrument Technology Inc. Acquired By Transom Shields Group
Transom Shields Group recently acquired Instrument Technology Inc., a Generational Equity client. The deal closed on Jan. 3, 2017.
Founded in 1967, Instrument Technology Inc. manufactures optical viewing instruments including borescopes, fiberscopes, videoscopes and endoscopes for inspection and observation into inaccessible or hostile environments. Their products are sold in the medical, industrial and law enforcement industries, and all products are made in compliance with ISO 9001. The company, based in Westfield, Massachusetts, prides itself on its superior team of engineering specialists.
A U.S. Veteran owned company, Transom Shields Group, with offices in the U.S. and Shanghai, China, owns Transom Scopes. Transom Scopes manufactures and trades instruments in a number of similar industries and more. Instrument Technology Inc. offered complementary products and additional industries to Transom Scopes.
Generational Equity Executive Managing Director Edward Weber established the relationship with Instrument Technology and Generational Equity Managing Director Doug Smith and his team, headed by trusted affiliate George Nova, and Vice Presidents Musa Jagne and Ryan Johnson, led the deal to a successful close.
According to George Nova, "While there were many bumps in the road, working with a client that was always available and a buyer that understood the process was the primary reason for a successful closing."