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inTest Corporation's mission is to grow the top line via acquisitions, says CEO

inTest Corporation (NYSE:INTT) CEO Jim Pelrin tells Proactive Investors  that the thermal management product maker and chip testing firm is revitalised and looking to transform via acquisitions.

"We have made it our mission to grow the top line both organically and inorganically through acquisition," said Pelrin, who was formerly COO  and became CEO in January.

He added that the company was looking at targets between US$25mln and  US$40mln, but also would consider firms as much a US$100mln if it  was the right opportunity.

The most recent purchase a year ago was Ambrell Corp, which brought the firm into the process manufacturing space.

A year ago the subsidiary was generating EBITDA of near US$2mln but this year is expected to generate US$4.5mln.

 
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