Chicago-based industrial distributor Distribution Solutions Group (DSG) announced Dec. 7 that its operating company, TestEquity, has acquired Instrumex, a distributor of test and measurement equipment in Munich, Germany. Financial terms of the transaction were not disclosed, though a news release stated that the acquisition is being funded through DSG’s existing credit facility.
“This strategic acquisition expands our capabilities in the Continental European market and is expected to be accretive to earnings of TestEquity and our parent company, DSG,” TestEquity CEO Russ Frazee said.
“Joining TestEquity is an exciting next step for Instrumex, greatly expanding our resources and capabilities, while helping TestEquity grow its footprint and level of service in Europe,” Instrumex Managing Director Jill Nielsen said.
Distribution Solutions Group, formerly known as Lawson Products, ranked as the No. 10 fastener distributor, No. 16 MRO industrial distributor and No. 34 industrial distributor on MDM’s 2022 Top Distributors list.
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