LKCM Headwater Investments Acquires Distribution Solutions Group for $2.64 Billion

Private equity firm LKCM Headwater Investments, LLC entered a merger agreement on July 16, 2026, to acquire the supply-chain solutions provider, Distribution Solutions Group, Inc. (DSGR), in a cash deal valued at $2.64 billion. Deal Structure: Newly formed entities controlled by LKCM will acquire all of the outstanding shares of common stock of DSG for