{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-086662","form_type":"8-K","ticker":"DSGR","cik":"0000703604","company_name":"Distribution Solutions Group, Inc.","filed_at":"2023-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.807523+00:00","generated_at":"2026-06-17T08:38:41.506966+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DSG agrees to acquire Hisco for $269.1M; creates larger industrial technology supplier","bullets":["Purchase price $269.1M at closing plus up to $12.6M earn-out; retention bonuses of $37.5M in cash/stock.","Hisco generated FY2022 sales >$400M and adjusted EBITDA ~$29M; operates 38 locations in North America.","Transaction expected to close in Q2 2023; funded via expanded credit facility and ~$100M rights offering.","LKCM (77% owner) intends to fully subscribe in rights offering; net debt leverage expected 3.25x-3.50x.","Combination of TestEquity and Hisco expected to be accretive on adjusted basis starting 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-086662","json":"https://secwatch.observer/filing/0001193125-23-086662.json","markdown":"https://secwatch.observer/filing/0001193125-23-086662.md","text":"https://secwatch.observer/filing/0001193125-23-086662.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/703604/000119312523086662/0001193125-23-086662-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/703604/000119312523086662/d476607d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T08:38:41.506966+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}