Distribution Solutions Group, Inc.
Distribution Solutions Group, Inc. is a Delaware-incorporated company with its principal executive offices at 301 Commerce Street, Suite 1700, Fort Worth, Texas 76102, and its common stock trades on the Nasdaq Global Select Market under the ticker DSGR. The company traces its history to Lawson Products, Inc., a maintenance, repair and operations (MRO) distributor founded in 1952. Following the completion of an all-stock strategic combination with TestEquity and Gexpro Services on 1 April 2022, Lawson Products, Inc. changed its name to Distribution Solutions Group, Inc. and began trading under the DSGR ticker on 9 May 2022.
The company describes itself as a global specialty distribution company serving the maintenance, repair and operations (MRO), original equipment manufacturer (OEM) and industrial technology markets. It operates through several segments: Lawson, an MRO products distributor supported by vendor-managed inventory programs; TestEquity, which supplies electronic test and measurement equipment and production supplies; Gexpro Services, which provides supply-chain management, kitting and vendor-managed inventory solutions to OEM customers, including through its Resolux renewable-energy components business; and a separate Canadian branch division distributing MRO and industrial products.
According to its Form 10-K for the year ended 31 December 2025, filed with the US Securities and Exchange Commission, Distribution Solutions Group, Inc. employed approximately 4,300 people and served roughly 220,000 customers, shipping from distribution and service centers across North America and, through Gexpro Services and Resolux, into Europe, Asia, South America and the Middle East. For fiscal year 2025, the company reported consolidated revenue of approximately $1.98 billion, an increase of 9.8% over the prior year, and consolidated net income of $8.3 million, compared with a net loss in fiscal year 2024; these figures are reported on a consolidated group basis for Distribution Solutions Group, Inc. and its subsidiaries.
On 15 July 2026, Distribution Solutions Group, Inc. entered into an Agreement and Plan of Merger with newly formed entities affiliated with LKCM Headwater Investments, LLC, under which the company’s outstanding common stock would be acquired for $35.00 per share in cash, a transaction reported at approximately $2.64 billion. If completed, the merger would take the company private; it remains subject to stockholder approval, expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, and other customary closing conditions, and is expected to close in the fourth quarter of 2026 unless terminated by 31 December 2026.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of Distribution Solutions Group, Inc.
Distribution Solutions Group, Inc.’s company records identify five institutional shareholders as of 2 August 2026, each holding a small stake in its Nasdaq-listed common stock: Swedbank AB (approximately 1.5%), Royce & Associates LP (approximately 1.3%), Vanguard Group Inc (approximately 1.2%), iShares Trust – iShares Russell 2000 ETF (approximately 0.5%) and Fidelity Salem Street Trust – Fidelity Small Cap Index Fund (approximately 0.2%). These reflect routine index and asset-manager holdings rather than a complete shareholder register, since as a US-listed company Distribution Solutions Group, Inc. is required to publicly disclose only holders of 5% or more and certain insiders. The company’s most recent annual proxy statement, filed with the US Securities and Exchange Commission on 1 April 2026 with a record date of 31 March 2026, discloses that Luther King Capital Management Corporation, together with related investment vehicles, held approximately 78.7% of outstanding common stock, making it by far the largest disclosed shareholder. Disclosure is therefore assessed as major shareholders only.
Ultimate beneficial ownership
The same proxy statement identifies J. Bryan King, Distribution Solutions Group, Inc.’s Chairman, President and Chief Executive Officer, as beneficially owning approximately 77.6% of outstanding common stock (35,838,638 shares) as of 31 March 2026. The filing states that Mr King is a controlling member of Alternative, HW2 GP, HW3 GP, HW4 GP and Sidecar GP, and president of HLI – entities through which the Luther King Capital Management-affiliated holdings, including LKCM Headwater Investments, LLC, are held – so his interest is indirect, exercised through this chain of investment vehicles rather than through shares registered in his own name. Because an authoritative SEC filing identifies him as the beneficial owner of the controlling stake, J. Bryan King is treated as the verified ultimate beneficial owner, with a reported effective ownership percentage of approximately 77.6% as of 31 March 2026.
Data availability
Shareholder disclosure for Distribution Solutions Group, Inc. is available at major-shareholder level through US Securities and Exchange Commission filings, which report beneficial owners of 5% or more and are updated at each proxy statement and Schedule 13D/13G filing; a complete register of all shareholders is not publicly available for a Nasdaq-listed company of this kind. Smaller institutional holdings shown in the company’s own records provide additional detail but should not be read as a complete or current shareholder list.
Sources
- SEC DEF 14A, 2026 Annual Proxy Statement – https://www.sec.gov/Archives/edgar/data/703604/000162828026022845/dsgr-20260401.htm – filed 1 April 2026 – retrieved 9 September 2026
- Company registry records, institutional shareholder snapshot – internal data, dated 2 August 2026 – retrieved 9 September 2026
- SEC Form 8-K, Agreement and Plan of Merger – https://www.sec.gov/Archives/edgar/data/703604/000119312526306263/d131211d8k.htm – dated 15 July 2026 – retrieved 9 September 2026
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Swedbank AB | 1.5% | Texas Secretary of State — SOSDirect | |
| Royce & Associates LP | 1.3% | Texas Secretary of State — SOSDirect | |
| Vanguard Group Inc | 1.2% | Texas Secretary of State — SOSDirect | |
| iShares Trust-iShares Russell 2000 ETF | 0.5% | Texas Secretary of State — SOSDirect | |
| Fidelity Salem Street Trust-Fidelity Small Cap Index Fund | 0.2% | Texas Secretary of State — SOSDirect |
Officers
13
Directors and officers of Distribution Solutions Group, Inc.
The company’s internal registry lists 13 officer-level positions, all currently shown as active, each with a US correspondence-address country and no resignation dates recorded as of the company’s last data sync on 11 August 2026. Verified through Distribution Solutions Group, Inc.’s 2026 annual proxy statement (record date 31 March 2026), the board of directors comprises seven members: I. Steven Edelson (director since 2009), Lee S. Hillman (since 2004; lead independent director and audit committee chair), J. Bryan King (since 2017; Chairman, President and Chief Executive Officer), Mark F. Moon (since 2019), Bianca A. Rhodes (since 2021; compensation committee chair), M. Bradley Wallace (since 2023) and Robert S. Zamarripa (since 2022). Named executive officers additionally include Ronald J. Knutson (Executive Vice President, Chief Financial Officer and Treasurer), Robert H. Connors (President and Chief Executive Officer, Gexpro Services), Cesar A. Lanuza (President and Chief Executive Officer, Lawson) and Barry Litwin (Chief Executive Officer, TestEquity). US federal securities filings disclose directors’ and named executive officers’ roles and the year each director’s tenure began, but do not report nationality or country of residence for any individual.
Recent officer changes
- New appointment: Barry Litwin appointed Chief Executive Officer of TestEquity, effective 14 July 2025, succeeding Russ Frazee. Source: company announcement, 27 June 2025.
- New appointment: Jim Slunka joined as Chief Revenue Officer in January 2026. Source: FY2025 earnings release, 4 March 2026.
- New appointment: Hillary Bryant joined as Chief People Officer during 2025. Source: FY2025 earnings release, 4 March 2026.
Data availability
Officer and director information for Distribution Solutions Group, Inc. is available through US Securities and Exchange Commission filings, including proxy statements and Form 8-K announcements, which disclose current roles and the year a director’s tenure began but do not require disclosure of nationality, country of residence, or full appointment and resignation dates for every officer-level position. The company’s internal registry lists a broader set of 13 officer-level roles, current as of 11 August 2026, that has not been individually cross-checked against SEC filings.
Sources
- SEC DEF 14A, 2026 Annual Proxy Statement – https://www.sec.gov/Archives/edgar/data/703604/000162828026022845/dsgr-20260401.htm – filed 1 April 2026 – retrieved 9 September 2026
- Businesswire, "Distribution Solutions Group appoints Barry Litwin, former CEO of Global Industrial, as CEO of TestEquity Group" – https://www.businesswire.com/news/home/20250627846012/en/Distribution-Solutions-Group-appoints-Barry-Litwin-former-CEO-of-Global-Industrial-as-CEO-of-TestEquity-Group – published 27 June 2025 – retrieved 9 September 2026
- Businesswire, "Distribution Solutions Group Announces 2025 Full Year and Fourth Quarter Results" – https://www.businesswire.com/news/home/20260304023883/en/Distribution-Solutions-Group-Announces-2025-Full-Year-and-Fourth-Quarter-Results – published 4 March 2026 – retrieved 9 September 2026
Registry feed — rows exactly as filed with Texas Secretary of State — SOSDirect, including entries the profile above does not cover.
Group Structure
Group structure of Distribution Solutions Group, Inc.
Distribution Solutions Group, Inc. sits at the top of its own corporate group and, as of the information date below, is not controlled by another verified parent company. According to Exhibit 21 to its Form 10-K for the year ended 31 December 2025, filed with the US Securities and Exchange Commission, the group includes more than 30 direct and indirect subsidiaries organised across 14 jurisdictions, principally the United States and Canada, with further operating entities in Mexico, China, Denmark, Hungary, the United Kingdom, Germany, Indonesia, Brazil, India, Turkey, Singapore and Malaysia. Its main operating platforms – Lawson Products, Inc., TestEquity LLC and GS Operating, LLC (trading as Gexpro Services) – each hold further subsidiaries, including the Resolux renewable-energy components business operating in Denmark, Germany, Turkey and China. Ownership percentages within the group are not itemised in the SEC filing.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Lawson Products, Inc. | United States | US IL 66706273 | Direct subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| TestEquity LLC | United States | US CA 4042883 | Direct subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| GS Operating, LLC (Gexpro Services) | United States | US TX 7703310 | Direct subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| The Bolt Supply House Ltd | Canada | #0318548173 | Direct subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| HIS Company, Inc. (Hisco) | United States | US TX 0029742000 | Direct subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| Lawson Products Canada Inc | Canada | #0356550405 | Direct subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| Source Atlantic Limited | Canada | #0317170017 | Indirect subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| Resolux ApS | Denmark | DK 27180663 | Indirect subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
| Hiscomex, S.A. de C.V. | Mexico | MX HIS980213BS3 | Indirect subsidiary | Ownership percentage not disclosed | Active | FY2025 Form 10-K (filed 2026) |
Recent structural changes
- Possible relationship, not yet completed: on 15 July 2026, Distribution Solutions Group, Inc. entered into an Agreement and Plan of Merger with newly formed entities affiliated with LKCM Headwater Investments, LLC and J. Bryan King, under which the company would become privately held. Completion is subject to stockholder and regulatory approval and is not expected before the fourth quarter of 2026; this is a pending change of control, not a completed corporate relationship.
Data availability
Corporate-linkage information for Distribution Solutions Group, Inc. is assessed as partial: US securities filings confirm the existence, names and jurisdictions of subsidiaries but do not itemise ownership or voting percentages for individual entities, and cover only the group as constituted on 31 December 2025. The wider set of entities shown in the company’s own group records has not been individually verified against a primary filing for every jurisdiction.
Sources
- SEC Form 10-K, FY2025, Exhibit 21 (subsidiaries) – https://www.sec.gov/Archives/edgar/data/703604/000070360426000008/a202510kex212025.htm – filed 2026 – retrieved 9 September 2026
- SEC Form 10-K, FY2025 – https://www.sec.gov/Archives/edgar/data/703604/000070360426000008/dsgr-20251231.htm – filed 2026 – retrieved 9 September 2026
- SEC Form 8-K, Agreement and Plan of Merger – https://www.sec.gov/Archives/edgar/data/703604/000119312526306263/d131211d8k.htm – dated 15 July 2026 – retrieved 9 September 2026
Registry feed — rows exactly as filed with Texas Secretary of State — SOSDirect, including entries the profile above does not cover.
Distribution Solutions Group, Inc.
United States
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What is Distribution Solutions Group, Inc.?
It is a Delaware-incorporated, Nasdaq-listed (DSGR) global specialty distribution company headquartered in Fort Worth, Texas, serving the MRO, OEM and industrial technology markets through its Lawson, TestEquity and Gexpro Services segments.
What was Distribution Solutions Group, Inc. previously called?
It was known as Lawson Products, Inc. until it completed a strategic combination with TestEquity and Gexpro Services on 1 April 2022 and adopted its current name, trading as DSGR from 9 May 2022.
What is Distribution Solutions Group, Inc.'s stock ticker?
DSGR, on the Nasdaq Global Select Market.
How much revenue did Distribution Solutions Group, Inc. report for 2025?
Consolidated revenue of approximately $1.98 billion for the year ended 31 December 2025, up 9.8% year on year, according to its Form 10-K.
How many employees does Distribution Solutions Group, Inc. have?
Approximately 4,300, per its Form 10-K for the year ended 31 December 2025.
Who is the largest disclosed shareholder of Distribution Solutions Group, Inc.?
Luther King Capital Management Corporation and related investment vehicles, holding approximately 78.7% of outstanding common stock as of 31 March 2026, per the annual proxy statement.
Who is the ultimate beneficial owner of Distribution Solutions Group, Inc.?
J. Bryan King, the company's Chairman, President and CEO, who beneficially owns approximately 77.6% of outstanding common stock indirectly through a chain of Luther King Capital Management-affiliated investment vehicles, as of 31 March 2026.
Is Distribution Solutions Group, Inc. being acquired?
Yes. On 15 July 2026 it agreed to be acquired by entities affiliated with LKCM Headwater Investments, LLC for $35.00 per share in cash, a transaction reported at approximately $2.64 billion; completion, expected in the fourth quarter of 2026, remains subject to stockholder and regulatory approval.
Who is the CEO of Distribution Solutions Group, Inc.?
J. Bryan King, who has served as Chairman, President and Chief Executive Officer, and as a director since 2017.
Does Distribution Solutions Group, Inc. have a parent company?
No verified parent company has been identified; it sits at the top of its own corporate group, though a pending merger agreement would make it a subsidiary of LKCM Headwater-affiliated entities if completed.
How many subsidiaries does Distribution Solutions Group, Inc. have?
More than 30 direct and indirect subsidiaries across 14 jurisdictions, per Exhibit 21 to its Form 10-K for the year ended 31 December 2025.
What business segments does Distribution Solutions Group, Inc. operate?
Lawson (MRO distribution), TestEquity (test and measurement equipment and production supplies), Gexpro Services (OEM supply-chain solutions, including Resolux renewable-energy components), and a separate Canadian branch division.
Is Distribution Solutions Group, Inc. still an active company?
Distribution Solutions Group, Inc.'s status on Texas Secretary of State — SOSDirect is listed as active.
What is Distribution Solutions Group, Inc.'s registered address?
The registered address on file for Distribution Solutions Group, Inc. is Fort Worth, United States.
What legal structure is Distribution Solutions Group, Inc. registered as?
Distribution Solutions Group, Inc. is registered as a Public Limited Company in United States.
Can Zavia monitor changes to Distribution Solutions Group, Inc.'s ownership over time?
This profile reflects a point-in-time snapshot from Texas Secretary of State — SOSDirect. Zavia's monitoring API can track changes to Distribution Solutions Group, Inc.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Distribution Solutions Group, Inc.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including United States, so records like Distribution Solutions Group, Inc.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Texas Secretary of State — SOSDirect and was last synced on 11 August 2026.