$34.790
-0.038 (-0.11%)At close
DSGR News
DSGR Events
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.
LKCM Proposes Acquisition of Distribution Solutions Group
In a regulatory filing, LKCM Headwater Investments, LLC, on behalf of its affiliates and related parties, said that on March 14, it submitted a proposal to the Board of Directors of Distribution Solutions Group regarding a preliminary, non-binding proposal to acquire all of the outstanding shares of Common Stock of the Issuer not currently owned by LKCM Headwater Investments, LLC and its affiliates and related parties. As of March 14, 2026, LKCM may be deemed to beneficially own 36,357,588 shares of Common Stock, which represents approximately 78.7% of the outstanding Common Stock based upon information obtained from the Issuer's Form 10-K for the year ended December 31, 2025. Shares of Distribution Solutions Group are up 26.2% in morning trading to $24.94.
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