other material
confidence high
sentiment neutral
materiality 0.60
DSG files pro forma financials for combined TestEquity, Gexpro Services acquisition
Distribution Solutions Group, Inc.
- Pro forma combined revenue $1.27B, net income $13.3M for year ended Dec 31, 2022.
- Basic EPS $0.66, diluted EPS $0.65 on 20.2M and 20.5M shares respectively.
- Consideration: 9.12M DSG shares at $38.54/share, total fair value $353M.
- Identifiable intangibles $119M (customer relationships $76M, tradenames $43M) and goodwill $181M.
- DSG incurred $12.7M transaction costs; earnout shares of 700k (TestEquity) and 1M (Gexpro Services) subject to conditions.