105
0 Kommentare
Distribution Solutions Group’s Operating Company, Lawson Products, Executes a Strategic Acquisition of S&S Automotive
105 
0 KommentareDistribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that its operating company, Lawson Products, Inc. (“Lawson”), completed the acquisition of S&S Automotive, Inc. (“S&S”), a leading automotive and industrial parts supplier based near Chicago in Woodridge, IL. Lawson Products has an automotive-focused division, Kent Automotive, which distributes automotive and industrial class C-parts to auto dealerships and collision repair centers throughout North America.
“Similar to Lawson’s Kent Automotive business, S&S Automotive is an industry-leading distributor in the automotive dealership market,” said Cesar Lanuza, President & Chief Executive Officer of Lawson Products. “We’re very excited to announce this acquisition that leverages the best of both companies. On a combined basis, S&S and Kent Automotive will enhance our ability to serve customers with auto-related supplies and tools, as well as vendor-managed inventory (VMI) services to dealerships and collision repair customers in this growing market.”
James Hruska, Jr., President of S&S Automotive, commented, “We are excited to join Lawson Products and their Kent Automotive business to drive the expansion of their automotive consumable products, solutions, and services to dealerships and collision repair facilities. S&S customers, suppliers, and employees will benefit from partnering with Kent Automotive by attracting new customers, leveraging Lawson’s valuable vendor-managed inventory services, and expanding our available product offering and geographic reach into a larger distribution network.”
S&S Automotive, with annual revenues of approximately $40 million, was funded through a combination of DSG’s cash and its available credit facility, and it is expected to be accretive to DSG’s adjusted EPS and EBITDA margins.
About Distribution Solutions Group, Inc.
Lesen Sie auch
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.
Aktuelle Themen
Weitere Artikel des Autors
URL kopieren
Per E-Mail teilen
Artikel drucken
Artikel zu den Werten
Auch bei Lesern beliebt
