Distribution Solutions Group completed the acquisition of HIS Company for $319m.

Distribution Solutions Group, a specialty distribution company providing distribution solutions to the maintenance, repair and operations, original equipment manufacturer and the industrial technologies markets, completed the acquisition of HIS Company, a specialty distribution company serving the electronic assembly, aerospace and defense, medical and other industrial markets, for $319m. “We are very excited to announce our plans for this strategic acquisition which we expect to be accretive on an adjusted basis starting in 2023. Hisco is a strong business with niche market leadership positions, a strong growth and return profile, and an outstanding management team that we believe will thrive as part of DSG. The combination of TestEquity and Hisco will take a “best-of-both” approach in terms of people, capabilities, and strategies. While our industrial technologies focus will benefit most from this combination, we are also excited about how Hisco is expected to expand DSG’s commercial opportunities and durability, enhancing our organic growth rates and providing further scale to the overall DSG platform,” Bryan King, DSG Chairman and Chief Executive Officer.