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Deal Detail

Distribution Solutions Group, Inc. to LKCM Headwater Investments, LLC

Industrials/Jul 2026
EV / LTM EBITDA
13.5x
EV / LTM Sales
-
Enterprise Value
$2.3B
Primary Source
William Blair

Comparable Transactions

Industrials transactions announced in the five years to July 2026. 15 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Apr 2026TopBuild Corp.QXO, Inc.$17.0B-14.8xStrategic
Aug 2025HVAC Division of NSI IndustriesLennox International Inc.$550M-10.0xStrategic
Aug 2025Foundation Building Materials, LLCLowe’s Companies, Inc.$8.8B-13.9xStrategic
Jun 2025GMS, Inc.Home Depot, Inc.$5.6B-11.1xStrategic
Mar 2025Beacon Roofing Supply, Inc.QXO, Inc.$10.7B-11.5xStrategic
Nov 2024Hydradyne LLCApplied Industrial Technologies, Inc.$273M-9.1xStrategic
Nov 2024TI Fluid Systems plcApollo Global Management, Inc.$2.3B-5.5xFinancial
Mar 2024SRS Distribution, Inc.Home Depot, Inc.$18.3B-17.3xStrategic
Aug 2023Veritiv CorporationClayton, Dubilier & Rice, LLC$2.5B-5.3xFinancial
Mar 2023Univar Solutions Inc.Apollo Global Management--7.7xFinancial
Mar 2023Hisco, Inc.Distribution Solutions Group, Inc.$307M-10.8xStrategic
Aug 2022Avient Corporation (Distribution business)H.I.G. Capital--10.0xFinancial
Jun 2022Industrial Businesses of Roper Technologies, Inc.Clayton, Dubilier & Rice, LLC$2.6B-10.0xFinancial
Feb 2022Tenneco Inc.Apollo Global Management, Inc.$7.1B-4.9xFinancial
Dec 2021Kaman Distribution GroupGenuine Parts Company$1.3B-13.8xStrategic
Mean-10.4x
Median-10.0x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionDSGR FOWilliam Blair2026$2.3B-13.5x11.5x-Open