---
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"
generated_at: "2026-06-17T08:38:41.506966+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DSG agrees to acquire Hisco for $269.1M; creates larger industrial technology supplier

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-086662
- JSON: https://secwatch.observer/filing/0001193125-23-086662.json
- Plain text: https://secwatch.observer/filing/0001193125-23-086662.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.