EEVblog Electronics Community Forum

Products => Test Equipment => Topic started by: EEVblog on April 13, 2023, 05:25:56 am

Title: TestEquity bought Tequipment for $55M
Post by: EEVblog on April 13, 2023, 05:25:56 am
Old news, but I only just found out:
https://www.businesswire.com/news/home/20220428006231/en/TestEquity-Announces-Strategic-Acquisition (https://www.businesswire.com/news/home/20220428006231/en/TestEquity-Announces-Strategic-Acquisition)
Title: Re: TestEquity bought Tequipment for $55M
Post by: Fungus on April 13, 2023, 08:12:31 am
Does that mean Tequipment service is about to go to hell?
Title: Re: TestEquity bought Tequipment for $55M
Post by: EEVblog on April 13, 2023, 11:16:26 am
Quote from: Fungus on April 13, 2023, 08:12:31 am
Does that mean Tequipment service is about to go to hell?

Don't know. But it does mean Evan got himself a really nice payday.
Title: Re: TestEquity bought Tequipment for $55M
Post by: tomwilkinson on April 13, 2023, 12:12:54 pm
That explains why that last three thing I ordered from TEquipment where shipped from TestEquity.
Title: Re: TestEquity bought Tequipment for $55M
Post by: joeqsmith on April 13, 2023, 12:47:36 pm
I would have thought the bigger news yesterday was Emerson buying NI for $8.2B.   

https://marketchameleon.com/Overview/EMR/PressReleases/
Title: Re: TestEquity bought Tequipment for $55M
Post by: tautech on April 13, 2023, 09:39:40 pm
Quote from: EEVblog on April 13, 2023, 05:25:56 am
Old news, but I only just found out:
https://www.businesswire.com/news/home/20220428006231/en/TestEquity-Announces-Strategic-Acquisition (https://www.businesswire.com/news/home/20220428006231/en/TestEquity-Announces-Strategic-Acquisition)
Ah, that ^^ explains much:
https://www.eevblog.com/forum/testgear/bought-new-siglent-sds2104x-plus-received-open-box-scope-wwyd/ (https://www.eevblog.com/forum/testgear/bought-new-siglent-sds2104x-plus-received-open-box-scope-wwyd/)
Title: Re: TestEquity bought Tequipment for $55M
Post by: thm_w on April 14, 2023, 01:14:56 am
EBITDA of 6x is relatively low (10-15x is considered good), but maybe thats normal for a reseller?

Quote
The business is currently anticipated to generate annual sales of more than $110 million, annual adjusted EBITDA in excess of $7 million and be accretive to the Company’s current year earnings.

Either way their prices were always better as they had the discount. Testequity prices don't look as good.
Title: Re: TestEquity bought Tequipment for $55M
Post by: EEVblog on April 14, 2023, 09:00:31 am
Quote from: thm_w on April 14, 2023, 01:14:56 am
EBITDA of 6x is relatively low (10-15x is considered good), but maybe thats normal for a reseller?

I would presume so, as you are essentially only buying the goodwill of the name and customer database, and whatever the distribution centre is. Someone else said that they got Tequipment stuff delivered by TestEquity, so maybe they don't even use the distrubution centre any more?
Title: Re: TestEquity bought Tequipment for $55M
Post by: tequipment on May 08, 2023, 12:51:43 pm
Hello all.  You will continue to get the same great service. Your EV blog special pricing is still in place. We appreciate all of our business and especially this channel.  I left college at 21( after my jr year as EE major ) to take care of the family. A year later we started TEquipment and grew it to the company it is today. We value our customers are the culture of the company. You can still reach me at TEquipment. 

Thanks!
Evan