Distribution Solutions Group’s Operating Company, TestEquity, Announces Strategic Acquisition

Expands Test Equipment Expertise and Capabilities in Continental Europe

Distribution Solutions Group, a best-in-class, specialty distribution company announced that its operating company, TestEquity, completed its acquisition of Instrumex, a leading test and measurement provider of reconditioned test equipment based in Munich, Germany.

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“I am excited to announce the acquisition of Instrumex, a leading provider of professionally refurbished general purpose test & measurement equipment based in Germany,” said Russ Frazee, Chief Executive Officer of TestEquity. “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.”

“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,” said Jill Nielsen, Managing Director of Instrumex.

Instrumex is expected to generate annual sales as part of TestEquity of more than $6 million with annual Adjusted EBITDA of at least $1 million. The acquisition is being funded through DSG’s existing credit facility.

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Distribution Solutions Group (“DSG”) is a best-in-class specialty distribution company providing high touch, value-added distribution solutions to the maintenance, repair & 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 distribution of C-parts, Gexpro Services, a leading global supply chain services provider to manufacturing customers, and TestEquity, a leader in electronic test & measurement solutions.

Through its collective businesses, DSG is dedicated to helping customers lower their total cost of operation by increasing productivity and efficiency with the right products, expert technical support, and fast, reliable delivery to be a one-stop solution provider. DSG serves 120,000+ long-standing customers in several diverse end markets supported by more than 3,000 dedicated employees and strong vendor partnerships. DSG ships from strategically located distribution and service centers to customers in North America, Europe, Asia, South America and the Middle East.

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