DSGR Inks $35/Share Take-Private Deal with CEO-Led Buyer Group
DSGR sits 81% above its 52-week low of $19.02 on elevated volume (22× avg).
Summary
Distribution Solutions Group agreed to be acquired by a CEO-led buyer group for $35.00 per share in cash, taking the company private. The buyer group already holds ~79% of shares, and a special committee of disinterested directors recommended the deal.
Key Events · M&A and Partnerships · DSGR
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Take-Private Merger at $35.00/Share
DSGR entered a definitive merger agreement with a buyer group led by CEO J. Bryan King and LKCM Headwater Investments. Each outstanding share (other than those held by the buyer group) will be converted into $35.00 cash, a 1.7% premium to the last closing price.
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Buyer Group Controls ~79% of Shares
The buyer group, including CEO J. Bryan King and affiliates, beneficially owns approximately 79% of DSGR's outstanding common stock. Luther King Capital Management signed a voting agreement to support the merger, virtually ensuring stockholder approval.
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Special Committee Unanimously Recommends Deal
A special committee of disinterested directors unanimously determined the merger is fair and in the best interests of disinterested stockholders, and recommended board approval. The board (with recused directors) approved the deal.
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Financing: $125M Equity + Credit Agreement Amendment
LKCM Headwater Investments IV, L.P. committed $125 million in equity. The credit agreement was amended to provide a certain-funds framework, allowing up to $100 million in revolving loans to fund the merger, with limited conditions during the certain-funds period.
Analysis · DSGR · Trade & Services
Distribution Solutions Group signed a definitive merger agreement to be taken private by a buyer group led by its own CEO, J. Bryan King, at $35.00 per share in cash — a 1.7% premium to today's price. The buyer group already controls ~79% of the stock, making approval highly likely. A special committee of disinterested directors unanimously recommended the deal. The transaction is backed by a $125 million equity commitment and a credit agreement amendment that provides a certain-funds framework for up to $100 million in revolving loans to fund the merger. The company will become privately held and delist from Nasdaq. This is a thesis-altering event for public shareholders — the stock will cease trading upon closing, expected by year-end 2026.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DSGR was trading at $34.43 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $19.02 to $34.83. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.