ROCHESTER, N.Y.–(BUSINESS WIRE)–Transcat, Inc. (Nasdaq: TRNS) , a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced the appointment of Gary J. Haseley, 59, as Chairman of its Board of Directors following the Company’s Annual Meeting of Shareholders on September 9, 2020. Mr. Haseley, who joined as a director in 2015, succeeds Charles P. Hadeed, who plans to remain on the board as a director, member of the Executive Committee and chair of the Audit Committee.
Mr. Hadeed commented, “While it has been a privilege to serve as Transcat’s chairman for the last seven years, these changes are integral to our succession plan for the Board of Directors. Gary has demonstrated that his entrepreneurial perspective and extensive knowledge in the services and distribution markets are valuable contributions to our growth strategy. I have confidence in our future given the team’s demonstrated competence to consistently expand the business both organically and through acquisition. I also expect that our investments in infrastructure, technology and operational excellence over the last couple of years will foster further growth and profitability.”
“I am honored to be appointed Chairman and thank the Board for their support and dedication,” said Mr. Haseley. “Transcat has built a formidable Service business focused on regulated industries driving recurring revenue streams which is also supported by a diversified, value-added Distribution business. I believe there is significant potential for continued growth and look forward to supporting management’s plans to scale Transcat to the next level.”
Mr. Haseley served as the senior vice president and general manager of Kaman Automation, Control & Energy, a division of Kaman Corporation, a manufacturer in the aerospace industry and the third largest distributor in the power transmission/motion control market, until his retirement in November 2016. Prior to joining Kaman, Mr. Haseley spent 17 years with Zeller Corporation, a distributor of electrical and automation components and solutions, which included serving as president and chief executive officer for more than a decade until they were acquired by Kaman in 2012. Mr. Haseley has served on several boards, which included Jerash Holdings (US), Inc. (NASDAQ:JRSH), along with other for profit and not-for-profit entities.
ABOUT TRANSCAT
Transcat, Inc. is a leading provider of accredited calibration, repair, inspection and laboratory instrument services. The Company is focused on providing best-in-class services and products to highly regulated industries, particularly the Life Science industry, which includes pharmaceutical, biotechnology, medical device and other FDA-regulated businesses; as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 22 Calibration Service Centers strategically located across the United States, Puerto Rico and Canada, and services at 20 imbedded customer-site locations. The breadth and depth of measurement parameters addressed by Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.
Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise and integrity create a unique and compelling value proposition for its customers.
Transcat’s strategy is to leverage the complementary nature of its two operating segments, its comprehensive service capabilities, strong brand, enhanced e-commerce capabilities and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model.
More information about Transcat can be found at: Transcat.com.
