Brief: Distribution Solutions Group Enters Into Agreement To Acquire Hisco, A Leading Industrial Equipment Supplier

Distribution Solutions

31/03/2023 11:49

March 31 (Reuters) - Distribution Solutions Group Inc
 DSGR.O :
    * DISTRIBUTION SOLUTIONS GROUP ENTERS INTO AGREEMENT TO
ACQUIRE
HISCO, A LEADING INDUSTRIAL EQUIPMENT SUPPLIER
    * DISTRIBUTION SOLUTIONS GROUP INC - DSG HAS AGREED TO PAY
$269.1
MILLION AT CLOSING
    * DISTRIBUTION SOLUTIONS GROUP - DEAL INCLUDES POTENTIAL
ADDITIONAL EARN-OUT PAYMENT OF UP TO $12.6 MILLION
    * DISTRIBUTION SOLUTIONS GROUP INC - DSG WILL ALSO PAY $37.5
MILLION IN CASH OR DSG COMMON STOCK IN RETENTION BONUSES TO
CERTAIN HISCO EMPLOYEES
    * DISTRIBUTION SOLUTIONS GROUP INC - EXPECTS FUNDING DEAL
USING
COMBINATION OF EXPANDED COMMITTED CREDIT FACILITY, ABOUT $100
MILLION OF EQUITY TO BE RAISED

Source text for Eikon:  ID:nBw7sRXGya 
Further company coverage:  DSGR.O 

 ((Reuters.Briefs@thomsonreuters.com;))