Distribution Solutions Group's TestEquity Agrees To Acquire ConRes Test Equipment; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Distribution Solutions Group's TestEquity is set to acquire ConRes Test Equipment, which generates $12 million in annual sales. The acquisition is expected to enhance DSG's EBITDA margins and will be funded through existing cash and credit. The deal is expected to close in Q4 2024.
October 03, 2024 | 9:03 pm
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Distribution Solutions Group's TestEquity is acquiring ConRes Test Equipment, which will enhance DSG's EBITDA margins. The acquisition will be funded through existing cash and credit, closing in Q4 2024.
The acquisition of ConRes Test Equipment by DSG's TestEquity is expected to be immediately accretive to DSG's EBITDA margins, indicating a positive financial impact. The funding through existing cash and credit suggests a well-planned financial strategy, and the expected closing in Q4 2024 provides a timeline for investors.
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