Distribution Solutions Group, Inc. (NASDAQ: DSGR) ("DSG" or
the "Company"), a premier specialty distribution company, today
announced the closing of two previously announced acquisitions. The
Company acquired Tech-Component Resources (TCR) under DSG’s Gexpro
Services segment, which closed on October 30, 2024, and ConRes Test
Equipment under DSG’s TestEquity segment, which closed on November
18, 2024. These transactions were funded through the Company’s
existing cash and availability under its credit agreement.
For more information on these acquisitions, please reference the
TCR announcement dated September 24, 2024 and the ConRes Test
Equipment announcement dated October 3, 2024.
About Distribution Solutions Group,
Inc.
Distribution Solutions Group ("DSG") is a premier multi-platform
specialty distribution company providing high touch, value-added
distribution solutions to the maintenance, repair & operations
(MRO), the original equipment manufacturer (OEM) and the industrial
technologies markets. DSG was formed through the strategic
combination of Lawson Products, a leader in MRO distribution of
C-parts, Gexpro Services, a leading global supply chain services
provider to manufacturing customers, and TestEquity, a leader in
electronic test & measurement solutions.
Through its collective businesses, DSG is dedicated to helping
customers lower their total cost of operation by increasing
productivity and efficiency with the right products, expert
technical support, and fast, reliable delivery to be a one-stop
solution provider. DSG serves approximately 190,000 customers in
several diverse end markets supported by approximately 4,300
dedicated employees and strong vendor partnerships. DSG ships from
strategically located distribution and service centers to customers
in North America, Europe, Asia, South America and the Middle
East.
For more information on Distribution Solutions Group, please
visit www.distributionsolutionsgroup.com.
About Tech-Component Resources
Tech-Component Resources, a privately-owned business founded in
2004, distributes fasteners, mechanical components, and other
industrial products serving OEM customers and applications. The
business has evolved over time from a distributor of brass inserts
and self-clinching products to being a key partner, supporting
manufacturing industries with a wide variety of fasteners,
mechanical components and other products/services. TCR supports key
manufacturing sectors such as the electronics contract
manufacturing, plastic injection moulding and metal stamping
sectors, which serve telecommunication, electronics, automotive,
medical and construction industries. For more information, visit
www.tc-resources.com.
About ConRes Test Equipment
ConRes Test Equipment, a privately-owned business founded in
1962, offers rental, lease, and sales options for test equipment
across North America. Partnering with leading manufacturers, ConRes
Test Equipment provides a wide array of quality test and
measurement equipment solutions, including spectrum/signal
analyzers, network analyzers, oscilloscopes, and other general
purpose test equipment. ConRes Test Equipment delivers its
customers the correct equipment for the right application on time
and calibrated to manufacturer specifications. ConRes Test
Equipment is committed to delivering exceptional value and trusted
services through its extensive product range and expert solutions.
For more information, visit www.conrestestequipment.com.
Forward-Looking Statements
This release contains certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the “safe-harbor” provisions under the Private
Securities Litigation Reform Act of 1995, that involve risks and
uncertainties. The terms "aim," "anticipate," "believe,"
"contemplates," "continues," "could," "ensure," "estimate,"
"expect," "forecasts," "if," "intend," "likely," "may," "might,"
"objective," "outlook," "plan," "positioned," "potential,"
"predict," "probable," "project," "shall," "should," "strategy,"
"will," "would," and variations of them and other words and terms
of similar meaning and expression (and the negatives of such words
and terms) are intended to identify forward-looking statements.
Forward-looking statements can also be identified by the fact
that they do not relate strictly to historical or current facts.
Such forward-looking statements are based on current expectations
and involve inherent risks, uncertainties and assumptions,
including factors that could delay, divert or change any of them,
and could cause actual outcomes to differ materially from current
expectations. DSG can give no assurance that any goal or plan set
forth in forward-looking statements can be achieved and DSG
cautions readers not to place undue reliance on such statements.
DSG undertakes no obligation to release publicly any revisions to
forward-looking statements as a result of new information, future
events or otherwise. Each forward-looking statement speaks only as
of the date on which such statement is made, and DSG undertakes no
obligation to update any such statement to reflect events or
circumstances arising after such date. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties. Factors that could cause or contribute to such
differences or that might otherwise impact DSG’s business,
financial condition and results of operations include the risks
that DSG may encounter difficulties integrating the business of DSG
with the business of other companies that DSG has combined with or
may otherwise combine with and that certain assumptions with
respect to such business or transactions could prove to be
inaccurate. Certain risks associated with DSG’s business are also
discussed from time to time in the reports DSG files with the
Securities and Exchange Commission, including the Company’s Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K or other reports the Company may file from time
to time with the Securities and Exchange Commission, which should
be reviewed carefully.
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version on businesswire.com: https://www.businesswire.com/news/home/20241118944164/en/
Company: Distribution Solutions Group, Inc. Ronald J.
Knutson Executive Vice President, Chief Financial Officer and
Treasurer 1-888-611-9888
Investor Relations: Three Part Advisors, LLC Steven
Hooser / Sandy Martin 214-872-2710 / 214-616-2207
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