Rochelle Park, NJ – DAK, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces that its client Interworld Highway, LLC has been sold to TestEquity, a company of Lawson Products, Inc. (NASDAQ:LAWS). DAK served as the exclusive investment banker and financial advisor to Interworld Highway, LLC initiating and managing the entire transaction process.
Interworld Highway, LLC (Interworld), includes category leader TEquipment offering electrical testing equipment and products with over 20 years of test and measurement expertise, product selections and solutions. Along with TEquipment, Interworld’s businesses also include Touchboards, a provider of interactive touch technology solutions, brands, and services
Interworld Highway is a natural fit for TestEquity. As a leader in the test and measurement industry, Interworld’s operational excellence and trusted reputation continue to drive impressive performance and results. We are excited to watch the continued success of the business under TestEquity ownership,” stated Ari Fuchs, Managing Director, who led the deal team along with Mark LaVilla.
This strategic transaction capitalizes on Interworld Highway and TEquipment’s leadership position in the test and measurement equipment industry. The combined businesses are positioned to deliver strengthened product and service capabilities with an unmatched digital footprint, meaningfully contributing to the overall customer value proposition. The business is expected to generate annual sales of more than $110 million.
About DAK
www.dakgroup.com
DAK is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations, and fairness opinions. Since 1984, DAK has executed hundreds of transactions across a wide range of industries. The goal is always the same, to maximize value for our clients. Headquartered in Rochelle Park, NJ, with clients throughout the country.
About TEquipment
www.tequipment.net
TEquipment is an authorized distributor of major test equipment brands including Fluke, FLIR, RIGOL, Hakko, Rohde & Schwarz, Megger, AEMC and more. TEquipment provides electrical testing equipment and products for a wide range of applications. Short for Test Equipment, the company offers deep technical knowledge, a leading digital experience, and a superior selection of in-stock test & measurement products.
About TestEquity
www.testequity.com
TestEquity® is a leading distributor focused on providing the largest and highest quality selection of test and measurement equipment and solutions, electronic production supplies, and tool kits from its leading manufacturer partners supporting the technology, aerospace, defense, automotive, electronics, education, and medical industries. TestEquity also designs a full line of the industry’s highest-quality environmental test chambers.
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