Distribution Solutions Group closes Source Atlantic deal
Distribution Solutions Group Inc., a specialty distribution company, has closed on its previously announced agreement to acquire Source Atlantic Limited, which was funded by the company’s senior secured credit facility.
Additionally, on August 14, the company entered into an amendment to its Amended and Restated Credit Agreement, dated April 1, 2022, increasing the borrowing capacity thereunder from $805 million to $1.06 billion, of which $255 million is structured as a revolving credit facility and $805 million is structured as a senior secured loan.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Singer Industrial. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Rachael Radford, as well as interviews with numerous product and distribution industry experts.
