The transaction values the maintenance and repair product supplier at approximately $1.6 billion. This final offer marks a significant climb from the initial $29.50-per-share proposal floated by LKCM in mid-March, representing an 81% increase over the company’s share price before that original bid became public. Trading of the company’s stock was suspended premarket on Thursday following the announcement.

J. Bryan King, who serves as both the chairman and chief executive of Distribution Solutions Group, also functions as the managing partner at LKCM. This acquisition consolidates control under the investment firm, effectively ending the company's tenure as a publicly traded entity.