Announced
Completed
Financials
Tags
Industrial Distribution
Majority
United States
Private Equity
test and measurement equipment
Domestic
Electronic Equipment: Gauges and Meters
Merger
Private
Friendly
Single Bidder
supply chain solutions
Acquisition
Completed
Synopsis
Lawson Products, a specialty products distributor to the industrial, commercial, institutional and government maintenance, repair and operations market, completed the merger with TestEquity, a distributor focused on providing quality selection of test and measurement equipment and solutions, electronic production supplies, and tool kits, and Gexpro Services, a global supply chain solutions provider. Financial terms are not disclosed. “We are excited to announce the completion of this strategic combination. We expect the merger of these businesses to generate significant earnings, improved cash flow and incremental value for our shareholders. The holding company structure will enable the combined companies to leverage best practices, back-office resources and technology across the platform to help drive operating efficiencies and leverage shared solutions. These best-in-class specialty distribution businesses offer high-touch, technical, value-added service delivery models for their customers, which are well-positioned for accretive acquisitions across highly fragmented markets,”J. Bryan King, Lawson Products Chairman. On March 15, 2022, shareholders of Lawson Products approved the merger.
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