Distribution Solutions acquires Eastern Valve & Control Specialties

Distribution Solutions (DSGR) Group announced the acquisition of Eastern Valve & Control Specialties, a provider of industrial valve products and related services supporting customers across Atlantic Canada, as part of its Canadian Branch and Source Atlantic. Eastern Valve, located in Paradise, Newfoundland, Canada, supplies and services the highest-quality valves, instrumentation, actuation, and ancillary product solutions throughout Atlantic Canada. Eastern Valve, with annual revenues of approximately C$17M, is expected to be immediately accretive to DSG and its Canadian Branch Business segment margins and was funded through the company’s existing cash and availability under its credit agreement.