Distribution Solutions Group, Inc. (NASDAQ: DSGR) (“DSG” or the “Company”), a premier specialty distribution company, today announced that its operating company, Lawson Products, completed the acquisition of Safety Supply Illinois LLC, DBA Emergent Safety Supply (ESS), a national distributor of safety products based near Chicago in Batavia, IL.
We are excited to announce the acquisition of ESS,” said Cesar Lanuza, President & Chief Executive Officer of Lawson Products. “ESS is a leader in the safety products and services market, and this acquisition accelerates Lawson’s safety product expansion plans to better serve customers in all of our end markets. ESS expands Lawson’s safety product offering by over four times. ESS strengthens Lawson’s technical expertise necessary to succeed in the safety product category, which will benefit Lawson’s existing customers, and DSG customers more broadly, who need high-quality safety products and services.”
Mary Porter, Chief Executive Officer of ESS commented, “We’re very excited to join Lawson Products and to be a driver of expanding their safety product offering. ESS customers, suppliers and employees will benefit from partnering with Lawson by attracting new customers, leveraging Lawson’s valuable vendor management inventory services, adding additional product categories, and a larger distribution network.”
ESS generates annual sales of approximately $13 million and is expected to be accretive to DSG’s adjusted EBITDA margins. The acquisition is being funded through DSG’s cash from operations.
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), original equipment manufacturer (OEM), and 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 170,000 customers in several diverse end markets supported by approximately 3,800 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.
