Announced
Completed
Synopsis
DSG-backed Lawson Products, an industrial distributor, completed the acquisition of Source Atlantic, an industrial MRO supplies, safety products, fasteners, and related value-add services company. Financial terms were not disclosed. “We’re thrilled to partner with Source Atlantic to expand DSG’s operating footprint in the Canadian market. We are honored to carry on the company’s successful legacy of over 157 years, dating back to 1867, and to continue its steady stewardship by the Irving family spanning 80 years. Combining Source Atlantic’s Eastern Canadian operation with Bolt Supply’s Western presence positions us as a leading MRO player in the Canadian market, further strengthening DSG’s North American presence for our expanded value-added capabilities,” Bryan King, DSG Chairman and CEO.
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