Transcat Inc. (NASDAQ: TRNS), a provider of calibration and test measurement services, said Chief Executive Officer Lee D. Rudow will step down in March 2026, with a search already underway to identify his successor.
Rudow, who has led the Rochester, New York-based company for more than a decade, will transition into an advisory role after the appointment of a new CEO. The board of directors has formed a search committee to evaluate internal and external candidates for the role, the company said in a statement.
“Thanks to his exceptional leadership and unwavering determination, Lee and his team have delivered unprecedented growth and transformative acquisitions during his tenure,” said Gary Haseley, chairman of the board. “We believe this positions us for a very bright future.”
Rudow joined Transcat in 2010 and became CEO in 2013. Under his leadership, the company expanded its presence in North America through a combination of organic growth and acquisitions. Most recently, Transcat acquired Martin Calibration and Essco, two calibration labs that broadened its service portfolio.
“It has been a great honor to lead Transcat and be part of building an incredible organization,” Rudow said. “The time is right for me to pass the baton after 40 years in the calibration industry.”
Rudow pointed to the company’s financial strength, recent acquisitions, and what he described as the “strongest team ever assembled” as reasons for confidence in Transcat’s long-term outlook.
Chief Financial Officer Tom Barbato said the company has maintained solid performance this year, with its acquisitions signaling industry confidence in Transcat’s strategy. “Given our expanded balance sheet and diversified portfolio, we are well-positioned to capture increased market share and remain confident we will return to high single-digit service organic revenue growth in the second half of fiscal 2026,” Barbato said.
Founded in 1964, Transcat has evolved into one of North America’s leading calibration and compliance service providers, serving industries such as life sciences, aerospace, defense, and energy. The company has pursued a strategy of growth through acquisitions in recent years to strengthen its market share and expand its service capabilities.
The leadership transition comes amid heightened demand for calibration and compliance services, driven by increasingly stringent regulatory requirements across industries. Transcat’s board said it remains committed to ensuring continuity during the succession process while keeping its focus on long-term value creation for shareholders and stakeholders.
“Consistent with our ongoing succession planning, we are committed to a thorough and timely search for the next CEO,” Haseley said.
