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Distribution Solutions Group Completes Hisco Acquisition

PUBLIC · DSGRJun 08, 2023

Acquiring Company

Distribution Solutions Group

Acquired Company

Hisco

Fort WorthManufacturingSupply Chain ManagementLogisticsEngineering ServicesManufacturing

Description

Distribution Solutions Group, Inc. (Nasdaq: DSGR) (“DSG” or the “Company”), a premier specialty distribution company announced today the Company completed the previously announced acquisition of HIS Company, Inc., (“Hisco”), a leading distributor of specialty products serving high growth industrial technology applications. In connection with this transaction, DSG will combine the operations of TestEquity and Hisco, creating one of the largest suppliers serving the electronics design, production, and repair industries.

Quick answer

Distribution Solutions Group is acquiring Hisco, announced June 8, 2023. Distribution Solutions Group is based in Fort Worth, Texas, United States.

How much did Distribution Solutions Group pay for Hisco?
The deal value was not disclosed.
What does Distribution Solutions Group do?
Distribution Solutions Group (“DSG”) is a premier specialty distribution company providing high touch, value-added distribution solutions to the maintenance, repair & operations (MRO), the original equipment..
Where are Distribution Solutions Group and Hisco based?
Distribution Solutions Group is based in Fort Worth, Texas, United States.

Source: Fundz verified event record.

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Company Information

Company

Distribution Solutions Group

Location

301 Commerce Street

Fort Worth, Texas, United States

About

Distribution Solutions Group (“DSG”) is a premier 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, Inc., a leader in MRO distribution of C-parts; 301 HW Opus Holdings, Inc., conducting business as Gexpro Services, a leading global supply chain services provider to manufacturing customers; and TestEquity Acquisition, LLC (“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 110,000 customers in several diverse end markets supported by more than 3,100 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.

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Frequently asked

Who acquired Hisco?

Hisco was acquired by Distribution Solutions Group, based in Fort Worth. The deal was reported on June 8, 2023. Distribution Solutions Group is publicly traded (DSGR) and operates in Manufacturing.

When did Distribution Solutions Group acquire Hisco?

Distribution Solutions Group's acquisition of Hisco was reported on June 8, 2023. Distribution Solutions Group, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hisco do?

For over 50 years, employee-owned Hisco has been a leader in supply chain solutions. Hisco is a specialty distribution company serving the electronic assembly, aerospace and defense, medical and other industrial markets. It is privately held, operating in Manufacturing.

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