TestEquity (Lawson Products) Acquires Interworld Highway, LLC (TEquipment & Touchboards)

Lawson Products Completes Strategic Combination with TestEquity and Gexpro Services

April 1, 2022

Industrial Services

Lawson Products, Inc. completed all-stock merger transactions to combine TestEquity and Gexpro Services into a specialty distribution platform under a holding company structure. Lawson issued an aggregate of 10.3 million shares (with up to 1.7 million additional earnout shares possible) to former owners affiliated with Luther King Capital Management Corporation and J. Bryan King, who collectively now own ~75% of Lawson; the company also amended and restated its credit agreement to support the combined platform and future acquisitions.

TestEquity (Distribution Solutions Group) Acquires National Test Equipment

June 1, 2022

Industrial Services

TestEquity, an operating company of Distribution Solutions Group (DSG), acquired National Test Equipment for approximately $7.8 million to expand calibration, refurbishment, rental and leasing capabilities. The deal, funded from DSG's existing credit facility, is expected to add more than $9 million in annual sales and over $1.4 million of adjusted EBITDA, broadening TestEquity's technical services and rental offerings.

TestEquity Acquires Germany-based Instrumex

December 7, 2022

Industrial Services

TestEquity, the operating company of Distribution Solutions Group, announced the acquisition of Germany-based Instrumex (terms not disclosed). The deal adds a European test & measurement distributor to TestEquity’s platform as part of its international expansion and capability build-out.

Lee Equity Partners and Twin Point Capital Acquire TESSCO Technologies

April 12, 2023

Telecommunications

Entities affiliated with Lee Equity Partners and Twin Point Capital agreed to acquire TESSCO Technologies Inc. for $9.00 per share in an all-cash transaction valuing the company at approximately $161.4 million. The buyer group — which also includes portfolio companies Alliance Corporation and GetWireless — plans to combine capabilities and maintain Tessco’s facilities to create a leading value-added telecommunications distributor in North America; the deal expected to close in Q3 2023 subject to customary approvals.

World Insurance Associates Acquires InterWeb Insurance

April 11, 2024

Insurance

World Insurance Associates LLC acquired the business of InterWeb Insurance of Lake Havasu City, Arizona, effective April 1, 2024; terms were not disclosed. The deal brings InterWeb’s commercial and E&O insurance capabilities into World’s national brokerage platform to expand product offerings and client service capabilities.

Wilson Electronics Acquires SignalTeQ

December 9, 2020

Telecommunications

Wilson Electronics has acquired SignalTeQ, the maker of the CellLinQ Meter + App, to integrate SignalTeQ's cellular site-surveying tools into Wilson's professional installation workflow. The purchase aims to streamline commercial installations of Wilson's cellular signal amplifiers, improving installation speed and reliability for integrators and enterprise customers.