Acquisitions earlier in 2024 and prior accounted for a healthy annual sales gain, emphasizing the strategic expansion of its customer base.
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As expected, DSG's organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
Source Atlantic had 2023 fiscal sales of about $183 million USD.
Lawson has acquired S&S Automotive, an auto and industrial parts supplier based near Chicago.
Acquisitions drove nearly all of DSG's growth in 2023, which marked its first full calendar year since forming in early 2022.
Based outside of Chicago, ESS has annual sales of about $13 million.
DSG says it demonstrates confidence in its plan to drive profitable growth, generate long-term returns and create shareholder value.
The distributor's $269 million acquistion of Hisco this spring figures to drive big year-over-year gains through the first half of 2024.
DSG, which just acquired Hisco, said the stock split demonstrates continued confidence in its long-term growth and financial performance.
During the quarter, operating income more than tripled and adjusted EBITDA increased by $8.4 million, or nearly 27%.
For its fiscal year ended Oct. 31, Hisco had sales in excess of $400 million and adjusted EBITDA of about $29 million.
It combines the No. 34 and No. 38 companies on MDM’s 2022 Top Industrial Distributors List. Mike Hockett dives into the details.
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DSG will pay $269 million at closing for Hisco, which was No. 39 on MDM's 2022 Top Industrial Distributors list.
After Lawson Products transformed into DSG last year, the multi-faceted distributor has reported strong financials. Here’s why the company isn’t slowing down.
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The move would allow DSG to register one or more future offerings of up to $500 million of equity and debt securities of the company.
That included $430 million in revenue from Lawson Products, up 15.6% vs. 2021.
Munich, Germany-based Instrumex is a distributor of test and measurement equipment.
Bob Zamarripa was OneSource Distributors’ Chairman and CEO until 2013 and has served on numerous other boards of leading industrial distributors and manufacturers.
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
