Evercore Capital Invests in TestEquity
Thousand Oaks, CA — TestEquity LLC , a distributor of general-purpose test-and-measurement equipment, and Evercore Capital Partners announced Evercore’s acquisition of a majority stake in TestEquity. The investment is aimed at providing TestEquity with capital for growth. John T.
Dillon, Evercore Capital Partners’ vice chairman and former chairman/CEO of International Paper will become chairman of TestEquity. John Dillon said, “TestEquity has been remarkably successful in becoming a leader in its markets, and we were very impressed with the quality of TestEquity's management and operations. We plan to help TestEquity build on its successes and execute its growth plan.”
TestEquity LLC founded in 1971, and based in Thousand Oaks, CA, is a distributor of bench-top general-purpose test-and-measurement equipment. It sells and rents new and used test equipment from many manufacturers, including Agilent, Tektronix, Rohde & Schwarz, Fluke, Xantrex, Quadtech, Instek and others. In addition, the company manufactures its own line of advanced, temperature-controlled test chambers.
— Richard Phelps , senior editor, Control Engineering