Evercore Makes Investment in TestEquity

Thousand Oaks-based TestEquity and EverCore Capital Partners announced last week that Evercore has made an investment in TestEquity. Evercore has acquired a majority stake in the distributor of test and measurement equipment. The amount of the investment was not disclosed. John T. Dillon of Evercore will join TestEquity's board as Chairman. The companies said that the funding will be used to provide TestEquity with capital to grow. TestEquity is a provider of both new and used test equipment for the electronics and other industries. More information »