Brief: Distribution Solutions Group's Operating Company TestEquity Announces Strategic Acquisition

Distribution Solutions

07/12/2022 12:45

Dec 7 (Reuters) - Distribution Solutions Group Inc
 DSGR.O :
    * DISTRIBUTION SOLUTIONS GROUP'S OPERATING COMPANY,
TESTEQUITY,
ANNOUNCES STRATEGIC ACQUISITION
    * DISTRIBUTION SOLUTIONS GROUP INC - ACQUISITION IS BEING
FUNDED
THROUGH DSG'S EXISTING CREDIT FACILITY
    * DISTRIBUTION SOLUTIONS GROUP INC - INSTRUMEX IS EXPECTED
TO
GENERATE ANNUAL SALES AS PART OF TESTEQUITY OF MORE THAN $6
MILLION
    * DISTRIBUTION SOLUTIONS GROUP INC - INSTRUMEX IS EXPECTED
TO
GENERATE ANNUAL ADJUSTED EBITDA OF AT LEAST $1 MILLION

Source text for Eikon:  ID:nBw6kJ8G5a 
Further company coverage:  DSGR.O