FORT WORTH, Texas--(BUSINESS WIRE)--Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that its operating company, Lawson Products, Inc. (“Lawson”), completed the acquisition of S&S Automotive, Inc. (“S&S”), a leading automotive and industrial parts supplier based near Chicago in Woodridge, IL. Lawson Products has an automotive-focused division, Kent Automotive, which distributes automotive and industrial class C-parts to auto dealerships and collision repair centers throughout North America.
“Similar to Lawson’s Kent Automotive business, S&S Automotive is an industry-leading distributor in the automotive dealership market,” said Cesar Lanuza, President & Chief Executive Officer of Lawson Products. “We’re very excited to announce this acquisition that leverages the best of both companies. On a combined basis, S&S and Kent Automotive will enhance our ability to serve customers with auto-related supplies and tools, as well as vendor-managed inventory (VMI) services to dealerships and collision repair customers in this growing market.”
James Hruska, Jr., President of S&S Automotive, commented, “We are excited to join Lawson Products and their Kent Automotive business to drive the expansion of their automotive consumable products, solutions, and services to dealerships and collision repair facilities. S&S customers, suppliers, and employees will benefit from partnering with Kent Automotive by attracting new customers, leveraging Lawson’s valuable vendor-managed inventory services, and expanding our available product offering and geographic reach into a larger distribution network.”
S&S Automotive, with annual revenues of approximately $40 million, was funded through a combination of DSG’s cash and its available credit facility, and it is expected to be accretive to DSG’s adjusted EPS and EBITDA margins.
For more information on Distribution Solutions Group please visit www.distributionsolutionsgroup.com.
