ADDED
As of February 27, 2026, 46,186,293 shares of common stock were outstanding.
and foreign governments; supply chain constraints, inflationary pressure and labor shortages; and foreign currency exchange rate changes.
Through the strategic Mergers (as defined below) completed in 2022, the complementary distribution businesses of Lawson Products, Inc.
( Lawson ), a leader in MRO distribution of C-parts, TestEquity Acquisition, LLC ( TestEquity ), a leader in electronic test and measurement solutions, and 301 HW Opus Holdings, Inc., which conducts business as Gexpro Services ( Gexpro Services ), a leading global supply chain services provider to manufacturing customers were combined under the DSG holding company.
On April 1, 2022, DSG, which at the time already owned Lawson, acquired TestEquity and Gexpro Services, in transactions in which TestEquity and Gexpro Services were merged with and into subsidiaries of DSG, with Lawson, TestEquity and Gexpro Services surviving as wholly-owned subsidiaries of DSG, and in connection with which DSG issued shares of DSG common stock to the former equityholders of TestEquity and Gexpro Services in exchange for their equity interests in TestEquity and Gexpro Services ( the Mergers ).
DSG serves approximately 220,000 distinct customers in several diverse end markets supported by approximately 4,300 dedicated employees and strong vendor partnerships.
Recent Events 2025 Debt Amendment In December 2025, the Company amended and expanded the senior secured facility through 2030.
The new facility includes $700.0 million of term debt and a revolving credit arrangement of $400.0 million, an increase over the previous revolver capacity of $255.0 million.
Share Repurchase Increase In November 2025, the Board authorized a $30.0 million increase to the Company s existing stock repurchase program for shares of DSG common stock.
As a result of the additional authorization, the aggregate repurchase authorization under the Company s repurchase program for shares of DSG common stock increased from $37.5 million to $67.5 million.
REMOVED
As of February 28, 2025, 46,558,913 shares of common stock were outstanding.
DSG was formed in 2022 through the strategic mergers of Lawson Products, a leader in MRO distribution of C-parts, TestEquity, a leader in electronic test measurement solutions and Gexpro Services, a leading global supply chain services provider to manufacturing customers.
A summary of the mergers is presented in Note 1 Nature of Operations and Basis of Presentation, in Item 8.
DSG serves approximately 200,000 distinct customers in several diverse end markets supported by approximately 4,400 dedicated employees and strong vendor partnerships.
Recent Events 2024 Business Acquisitions On November 18, 2024, DSG acquired the assets of ConRes Test Equipment, ( ConRes TE and the ConRes TE Transaction ).
These assets were acquired to expand TestEquity s test equipment offerings and value-add service capabilities in all of our end markets.
The total purchase consideration exchanged was approximately $17.0 million and was funded using DSG s cash on hand and its revolving credit facility.
On October 30, 2024, DSG completed the acquisition of Tech-Component Resources Pte Ltd ( TCR and the TCR Transaction ).
TCR is a distributor of fasteners, mechanical components, and other industrial products in Southeast Asia.
TCR was acquired to provide us with a strategic foothold in this growing region.