Author Topic: TestEquity bought Tequipment for $55M  (Read 1937 times)

0 Members and 1 Guest are viewing this topic.

Offline EEVblogTopic starter

  • Administrator
  • *****
  • Posts: 39026
  • Country: au
    • EEVblog
 
The following users thanked this post: thm_w, Fgrir, pdenisowski

Offline Fungus

  • Super Contributor
  • ***
  • Posts: 17518
  • Country: 00
Re: TestEquity bought Tequipment for $55M
« Reply #1 on: April 13, 2023, 08:12:31 am »
Does that mean Tequipment service is about to go to hell?
 

Offline EEVblogTopic starter

  • Administrator
  • *****
  • Posts: 39026
  • Country: au
    • EEVblog
Re: TestEquity bought Tequipment for $55M
« Reply #2 on: April 13, 2023, 11:16:26 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.
 

Offline tomwilkinson

  • Contributor
  • Posts: 10
  • Country: us
Re: TestEquity bought Tequipment for $55M
« Reply #3 on: April 13, 2023, 12:12:54 pm »
That explains why that last three thing I ordered from TEquipment where shipped from TestEquity.
 

Offline joeqsmith

  • Super Contributor
  • ***
  • Posts: 12277
  • Country: us
Re: TestEquity bought Tequipment for $55M
« Reply #4 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/

Online tautech

  • Super Contributor
  • ***
  • Posts: 29809
  • Country: nz
  • Taupaki Technologies Ltd. Siglent Distributor NZ.
    • Taupaki Technologies Ltd.
Avid Rabid Hobbyist.
Some stuff seen @ Siglent HQ cannot be shared.
 

Offline thm_w

  • Super Contributor
  • ***
  • Posts: 7521
  • Country: ca
  • Non-expert
Re: TestEquity bought Tequipment for $55M
« Reply #6 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.
Profile -> Modify profile -> Look and Layout ->  Don't show users' signatures
 

Offline EEVblogTopic starter

  • Administrator
  • *****
  • Posts: 39026
  • Country: au
    • EEVblog
Re: TestEquity bought Tequipment for $55M
« Reply #7 on: April 14, 2023, 09:00:31 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?
 

Offline tequipment

  • Regular Contributor
  • *
  • Posts: 207
  • Country: us
    • TEquipment
Re: TestEquity bought Tequipment for $55M
« Reply #8 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
 


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf