DSGR to Acquire Winzer and FastServ Supply in Strategic Expansion
DSGR sits 84% above its 52-week low of $19.02.
Summary
Distribution Solutions Group announced a strategic acquisition of Winzer and FastServ Supply. The deal expands DSGR's product portfolio and customer base in the industrial distribution space. No financial terms were disclosed in the headline. This follows the company's ongoing $35/share going-private merger process, which is expected to close later this year. The acquisition may be part of the buyer group's stated M&A pipeline of $650M-$700M across six targets.
At the time of this announcement, DSGR was trading at $35.07 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $19.02 to $35.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.