05:29 PM EDT, 10/03/2024 (MT Newswires) -- Distribution Solutions Group ( DSGR ) said late Thursday its TestEquity operating company has agreed to acquire test and measurement equipment provider ConRes Test Equipment in a carve-out deal.

ConRes Test is a division of Continental Resources and generates annual sales of about $12 million, Distribution Solutions ( DSGR ) said.

The company expects the acquisition to be immediately accretive to its adjusted EBITDA margins on a go-forward basis.

Distribution Solutions ( DSGR ) expects the deal to close in Q4.