M&A Deal Summary

Distribution Solutions Group Acquires Source Atlantic

On July 10, 2024, Distribution Solutions Group acquired distribution company Source Atlantic

Acquisition Highlights
  • This is Distribution Solutions Group’s 12th transaction in the Distribution sector.
  • This is Distribution Solutions Group’s 4th transaction in Canada.
  • This is Distribution Solutions Group’s 1st transaction in New Brunswick.

M&A Deal Summary
Date 2024-07-10
Target Source Atlantic
Sector Distribution
Buyer(s) Distribution Solutions Group
Deal Type Add-on Acquisition

Target

Source Atlantic

Saint John, New Brunswick, Canada
Source Atlantic is a wholesale distributor of industrial MRO supplies, safety products, fasteners, and related value-add services for the Canadian MRO market. Source Atlantic is based in Saint John, New Brunswick.

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Buyer(S) 1

Buyer

Distribution Solutions Group

Chicago, Illinois, United States
Category Company
Founded 1952
Sector Distribution
Employees3,700
Revenue 1.6B USD (2023)
DESCRIPTION

Distribution Solutions Group is a specialty distribution company providing high-touch, value-added distribution solutions to the maintenance, repair and operations (MRO), original equipment manufacturer (OEM) and the industrial technologies markets. DSG was formed through the strategic combination of Lawson Products, a leader in MRO and C-parts distribution, Gexpro Services, a global supply chain services provider to the OEM market, and TestEquity, a leader in electronic test and measurement solutions. Distribution Solutions Group was founded in 1952 and is based in Chicago, Illinois.

DEAL STATS #
Overall 14 of 14
Sector (Distribution) 12 of 12
Type (Add-on Acquisition) 10 of 10
State (New Brunswick) 1 of 1
Country (Canada) 4 of 4
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 S&S Automotive

Woodridge, Illinois, United States

S&S Automotive is a premier automotive distributor that provides assembly and installation services including shop supplies, electrical, repair tools, paints, chemicals, abrasives, and other products to the automotive dealership market. S&S Automotive was founded in 1960 and is based in Woodridge, Illinois.

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