The DAK Group on Wednesday announced its Long Branch-based client Interworld Highway and TEquipment was sold to TestEquity, a company of Lawson Products, offering electrical testing equipment and products with over 20 years of test and measurement expertise.
The Rochele Park-based investment bank served as the exclusive investment banker and financial adviser to Interworld Highway, initiating and managing the entire transaction process.
“Interworld Highway is a natural fit for TestEquity. As a leader in the test and measurement industry, Interworld’s operational excellence and trusted reputation continue to drive impressive performance and results. We are excited to watch the continued success of the business under TestEquity ownership,” said Ari Fuchs, managing director, who led the deal team along with Mark LaVilla.
This strategic transaction capitalizes on Interworld Highway and TEquipment’s leadership position in the test and measurement equipment industry. The combined businesses are positioned to deliver strengthened product and service capabilities with an unmatched digital footprint, meaningfully contributing to the overall customer value proposition. The business is expected to generate annual sales of more than $110 million.