$34.660
-0.042 (-0.12%)Al cierre
Noticias de DSGR
Eventos de DSGR
Distribution Solutions Group Acquires American Fasteners
Distribution Solutions Group announced the acquisition of American Fasteners, a South Florida distributor of fasteners, tools, construction supplies and other industrial products. The company said, "The acquisition strengthens DSG's MRO business by expanding its customer base and presence in the attractive South Florida market while providing additional reach into export markets throughout Latin America and the Caribbean. Founded in 1981, American Fasteners has built a strong reputation for exceptional customer service and deep product expertise. The company distributes a broad range of industrial products, including fasteners, power tools, anchors, cutting tools, adhesives, abrasives and sealants, primarily serving construction and related end markets through three locations in South Florida." American Fasteners, with annual revenues of approximately $39M, is expected to be accretive to the DSG EBITDA margin profile. The acquisition was funded through the Company's existing cash balances and available capacity under its amended credit agreement.
Company Reports Revenue of $557.7M, Exceeds Consensus
Reports revenue $557.7M, consensus $520.4M.
LKCM Headwater to Acquire DSG at $35 Per Share
Distribution Solutions Group announced that it has entered into a definitive merger agreement under which newly formed entities controlled by LKCM Headwater Investments will acquire all of the outstanding shares of common stock of DSG not already owned by LKCM Headwater and its affiliates for $35.00 per share in cash. LKCM Headwater and its affiliates currently own approximately 79% of DSG's outstanding common stock. J. Bryan King, DSG's Chairman and Chief Executive Officer, is the Managing Partner of LKCM Headwater. The $35.00 per share purchase price represents an increase of $5.50 per share over LKCM Headwater's initial non-binding proposal of $29.50 per share submitted to the Company's Board of Directors on March 14, 2026, and an approximately 81% premium to the Company's closing share price of $19.31 on March 13, 2026, the last trading day prior to public disclosure of LKCM Headwater's proposal. Upon completion of the transaction, the Company will become a privately held company 100% controlled by LKCM Headwater and its affiliates, and the Company's common stock will no longer be listed on Nasdaq.
Company Reports Q1 Revenue of $495.995M
Reports Q1 revenue $495.995M, consensus $489.3M.
Barrington Analyst Maintains Distribution Solutions Price Target of $35
Barrington analyst Kevin Steinke notes that LKCM Headwater, the controlling shareholder of Distribution Solutions Group, issued a letter proposing to acquire 100% of the outstanding common shares in a go-private transaction, pointing out that this is "not a definitive agreement but only a proposal" by LKCM at this point. Given that "there are still hurdles to cross" before a definitive go-private agreement at $29.50 per share is reached and the transaction would require board and shareholder approval, the analyst maintaining an Outperform rating and 12-month price target of $35 on shares.
Esta página es solo para investigación y no constituye asesoramiento de inversión. Los modelos pueden equivocarse. El rendimiento pasado no garantiza resultados futuros.