Distribution Solutions Group Signs Deal to Go Private

Dow Jones
Jul 16
 
 

Distribution Solutions Group has agreed to be taken private by its majority shareholder in a deal that values the distributor of maintenance and repair products at about $1.6 billion.

Distribution Solutions Group on Thursday said LKCM Headwater Investments, which already owns about 79% of the Fort Worth, Texas, company, will pay $35 a share for the rest of the company.

The deal represents a 27% premium to Distribution Solutions Group's Wednesday closing price of $27.48 and is 81% above the March 13 closing price of $19.31, before the public disclosure of LKCM's initial buyout proposal of $29.50 a share.

Trading in shares of Distribution Solutions Group was halted premarket on Thursday.

J. Bryan King, Distribution Solutions Group's chairman and chief executive, is LKCM's managing partner.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

July 16, 2026 07:51 ET (11:51 GMT)

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