On July 9, 2024, Distribution Solutions Group, Inc. (“DSG”), a premier specialty distribution company, through its affiliate Lawson Products Canada, Inc., entered into an agreement to acquire all of the issued and outstanding shares of Source Atlantic Limited (“Source Atlantic”). The transaction is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions.
Source Atlantic, headquartered in Saint John, New Brunswick, Canada, is an industry-leading wholesale distributor of industrial MRO supplies, safety products, fasteners, and related value-add services for the Canadian MRO market. For the most recent fiscal year, Source Atlantic generated sales of approximately CAD$250 million.
Miller Thomson advised DSG with a team led by Max Spearn and Adam Bata (Corporate/M&A) and comprised of Julia Zanetti and Christopher Fallis (Corporate/M&A), Eric Dufour (Competition), Tamara Farber (Environmental), Karen Durell (Intellectual Property/Privacy), Barry Horne (Tax), Michelle MacGillivray, Greg Bush (Employment), Hugh Wright (Pensions and Benefits), Katherine Cavan, Sean Bryden, Arthur Opalinski and Kyle Bertsch (Real Estate).
