With the dust settled on the merger of Lawson Products, TestEquity and GexPro Services to form Distribution Solutions Group, we explore the rationale for the transaction and path forward with a DSG board member who helped spearhead the combination.
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The former Lawson Products leader joins to discuss what he misses most about day-to-day CEO life (and what he doesn’t); the industry’s biggest changes; what he’s most proud of; and what he’s keeping an eye on.
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.
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.
That included $430 million in revenue from Lawson Products, up 15.6% vs. 2021.
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.
Distribution Solutions Group had its inaugural earnings report following the April 1 merger of Lawson Products, TestEquity and Gexpro Services.
It comes a month after a merger between Lawson, TestEquity and Gexpro Services and a week after Lawson reported strong 1Q earnings.
The company reported 2022 1Q operating income was $12.1 million compared to operating income of $4.8 million in the prior-year quarter.
It comes just after the company announced the closing of its merger with TestEquity and Gexpro Services and a May 1 CEO succession.
The distributor says Cesar Lanuza has been appointed president and CEO of Lawson’s operating company, as Michael G. DeCata retires.
Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.
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The MRO distributor says net sales increased to $102.1 million compared to $98.1 million for the fourth quarter of 2020.
The MRO distributor recently said it reached merger agreements to combine the two LKCM Headwater companies in an all-stock deal.
Lawson Products reported $105.6 million in sales for 2021 3Q and $315.7 million in sales for the first nine months of the year.
For the first six months of 2021, sales at the Chicago-based MRO distributor Lawson Products improved 28.8%.
