Lawson Products completed the merger with TestEquity and Gexpro Services.

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.