Distribution Solutions Group, Inc. (NASDAQ: DSGR) ("DSG" or
the "Company"), a leading specialty distributor providing high
touch, value-added distribution solutions to the maintenance,
repair & operations (MRO), original equipment manufacturer
(OEM) and industrial technologies markets appointed Mr. Robert S.
Zamarripa to its Board of Directors.
Bryan King, CEO and Chairman of the Board, commented, “We
are pleased to welcome Bob Zamarripa to our Board of Directors. Bob
is a recognized industry leader and has held executive and
Board-level advisory positions that broadly span specialty
distribution, supply chain and MRO-related businesses. Bob’s
extensive experience will help guide the advancement of our
strategic initiatives and strengthen our businesses under
Distribution Solutions Group. I look forward to working with Bob as
we drive the DSG business forward.”
Robert S. Zamarripa founded OneSource Distributors and served as
Chairman and Chief Executive Officer of OneSource until 2013.
OneSource is a leading electrical, utility, and industrial
automation distributor in the U.S. and Mexico with annual revenues
in excess of $750 million. OneSource was ranked as one of the top
20 largest Electrical Distributors in the U.S. in 2011, as well as
the second largest private company by revenue, which was
headquartered in San Diego, California. OneSource was also
recognized as the fifth largest Hispanic-owned business in the
United States by Hispanic Business Magazine in 2011.
Mr. Zamarripa is currently on the Board of Flow Control Group, a
KKR portfolio company. Past Board roles include IMARK Group and
Source Alliance. Also, Zamarripa served as President and Chief
Executive Officer of Sonepar’s West Region and served on various
distributor advisory boards including Rockwell Automation, General
Electric, Hubbell, ABB, Eaton Corporation, Pentair, Thomas and
Betts, and Leviton Manufacturing Company. Zamarripa is a graduate
of the University of California at Santa Barbara with a Bachelor of
Arts.
About Distribution Solutions Group,
Inc.
Distribution Solutions Group (“DSG”) is a best-in-class
specialty distribution company providing high touch, value-added
distribution solutions to the maintenance, repair & operations
(MRO), the original equipment manufacturer (OEM) and the industrial
technologies markets. DSG was formed through the strategic
combination of Lawson Products, a leader in MRO distribution of
C-parts, Gexpro Services, a leading global supply chain services
provider to manufacturing customers, and TestEquity, a leader in
electronic test & measurement solutions.
Through its collective businesses, DSG is dedicated to helping
customers lower their total cost of operation by increasing
productivity and efficiency with the right products, expert
technical support and fast, reliable delivery to be a one-stop
solution provider. DSG serves 120,000+ long-standing customers in
several diverse end markets supported by more than 3,000 dedicated
employees and strong vendor partnerships. DSG ships from
strategically located distribution and service centers to customers
in North America, Europe, Asia, South America and the Middle
East.
For more information on Distribution Solutions Group please
visit www.distributionsolutionsgroup.com.
Forward-Looking
Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that involve risks and uncertainties. The terms “aim,”
“anticipate,” “believe,” “contemplates,” “continues,” “could,”
“ensure,” “estimate,” “expect,” “forecasts,” “if,” “intend,”
“likely,” “may,” “might,” “objective,” “outlook,” “plan,”
“positioned,” “potential,” “predict,” “probable,” “project,”
“shall,” “should,” “strategy,” “will,” “would,” and other words and
terms of similar meaning and expression are intended to identify
forward-looking statements. Forward-looking statements can also be
identified by the fact that they do not relate strictly to
historical or current facts. Such forward-looking statements are
based on current expectations and involve inherent risks,
uncertainties and assumptions, including factors that could delay,
divert or change any of them, and could cause actual outcomes to
differ materially from current expectations. DSG can give no
assurance that any goal or plan set forth in forward-looking
statements can be achieved and DSG cautions readers not to place
undue reliance on such statements, which speak only as of the date
made. DSG undertakes no obligation to release publicly any
revisions to forward-looking statements as a result of new
information, future events or otherwise. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties. Certain risks associated with DSG’s business are
also discussed from time to time in the reports DSG files with the
SEC, including DSG’s (formerly Lawson Products, Inc.) Annual Report
on Form 10-K for the fiscal year ended December 31, 2021, DSG’s
Quarterly Reports on Form 10-Q and DSG’s Current Reports on Form
8-K. In addition, the following factors, among others, could cause
actual outcomes and results to differ materially from those
discussed in the forward-looking statements: (i) whether or not the
terms of the earnout provisions in either of the merger agreements
will be satisfied such that DSG would be required to issue
additional shares of common stock in connection with the mergers;
(ii) unanticipated difficulties or expenditures relating to the
mergers; (iii) the risk that stockholder litigation in connection
with the mergers results in significant costs of defense,
indemnification and liability; and (iv) any problems arising in
combining the businesses of Lawson Products, TestEquity and Gexpro
Services, which may result in the combined company not operating as
effectively and efficiently as expected to any forward-looking
statements whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20221122005899/en/
Investor Relations: Distribution Solutions Group, Inc.
Ronald J. Knutson Executive Vice President and Chief Financial
Officer 773-304-5665
Investor Relations Contacts: Three Part Advisors, LLC
Steven Hooser or Sandy Martin 214-872-2710
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