DSGR: LKCM Headwater announces $700M debt offering to fund $35/share acquisition

LKCM Headwater and affiliates plan to acquire all outstanding shares of Distribution Solutions Group not already owned for $35 per share in cash, funded by a $700 million senior notes offering (due 2032) plus equity contribution. The acquisition represents a concrete take-private transaction with defined consideration and financing structure.

A company owned by LKCM Headwater announced it will buy all remaining shares of DSGR for $35 cash per share, using $700 million in new debt to pay for the deal. This is a fixed-price offer to take the company private.