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2024-07-11 05:08
- Distribution Solutions Group (NASDAQ:DSGR) announced that its operating company, Lawson Products, under its affiliate Lawson Products Canada, signed an agreement to acquire Source Atlantic Limited.
- The transaction is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions.
- The transaction will be funded through a combination of DSG’s existing cash and availability under its credit facility and is expected to be immediately accretive to DSG’s adjusted earnings per share.
- The acquisition is not expected to be material for financial reporting purposes to DSG’s results.
- Source: Press Release
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