Mergers & Acquisitions ·
LKCM Headwater plans $700M Senior Notes to fund $35.00 per share take-private merger
DSGRDistribution Solutions Group, Inc.
Distribution Solutions Group announced that Eclipse Acquisitions Merger Sub, Inc., controlled by affiliate LKCM Headwater Investments, will offer up to $700 million in Senior Notes due 2032. Proceeds are expected to fund a previously announced merger where LKCM acquires remaining minority shares for $35.00 per share in cash. The transaction also involves a $140 million equity contribution from LKCM and will be used to repay existing debt, pay fees, and finance future acquisitions. DSG is a specialty distribution company providing MRO, OEM, and industrial technology solutions.