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Thursday, Mar 28, 2024

Investment Firm Acquires TestEquity

Test equipment supplier TestEquity has been sold by its private owner First Atlantic Capital Ltd. to LKCM Headwater Investments. Terms of the deal for TestEquity, in Moorpark, between First Atlantic, in New York, and LKCM Headwater, in Houston, were not disclosed. First Atlantic acquired TestEuity in 2012 and it grew the company through two acquisitions. First, it bought EWD Solutions, a Carrollton, Texas supplier of electronic lab and production supplies in 2014. And in January it acquired Jensen Tool & Supply, in North Andover, Mass., a supplier of maintenance and repair tools and supplies supporting most of the same market segments as TestEquity. “Since acquiring TestEquity, we have worked closely with management to enhance the company’s strategy and expand the business through acquisitions,” First Atlantic Chief Executive Roberto Buaron said in a statement. “We believe TestEquity has a solid strategy with a strong management team and is well positioned for the future.”

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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