TestEquity (Distribution Solutions Group) Acquires National Test Equipment

Distribution Solutions Group Acquires Tech-Component Resources and ConRes Test Equipment

November 19, 2024

Industrial Services

Distribution Solutions Group, Inc. (DSG) announced it closed two previously announced acquisitions: Tech-Component Resources (acquired into DSG’s Gexpro Services segment) on October 30, 2024, and ConRes Test Equipment (acquired into DSG’s TestEquity segment) on November 18, 2024. Both deals were funded with existing cash and availability under DSG’s credit agreement and expand DSG’s distribution and test-equipment capabilities across manufacturing and electronics end markets.

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.

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

May 2, 2022

Industrial Services

TestEquity, a distribution business within Lawson Products, completed the acquisition of Interworld Highway, LLC — the operator of TEquipment and Touchboards — for approximately $55 million. The deal, funded from Lawson's credit facility, is expected to be immediately accretive and to broaden TestEquity's test & measurement product selection, solutions and service capabilities.

Transcat Acquires Axiom Test Equipment, Inc.

August 8, 2023

Industrial Services

Transcat, Inc. acquired all of the capital stock of Axiom Test Equipment, Inc., an electronic test equipment rental and repair provider, effective August 8, 2023. The $38 million purchase was paid with $28 million in Transcat stock and $10 million in cash; Axiom will remain led by its existing management and will be integrated into Transcat's Distribution and Rental business to expand rental capabilities and cross-selling into Transcat's services.

Schenck Corporation Acquires Test Devices, Inc.

September 28, 2017

Aerospace & Defense

Schenck Corporation has acquired Test Devices, Inc. (TDI) from owner H. Eric Sonnichsen in a share deal to expand Schenck's testing and prototyping capabilities for aerospace and related industries. Test Devices, a Hudson, Massachusetts-based provider of high-speed spin testing equipment and laboratory services, will continue operating under its current leadership with David Woodford remaining as President.

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.