Lawson To Acquire Partsmaster
Lawson Products, Inc. will acquire Partsmaster, a maintenance, repair, and operations (MRO) solutions provider based in Texas. The acquisition is a step in Lawson’s growth strategy and will expand the company’s sales team and customer base. It says Partsmaster is a strong strategic fit with a similar vendor-managed inventory (VMI) business model, similar product margins, and a complementary product offering. The acquisition is expected to be accretive starting in fiscal 2021 and expanding further into 2022 as it becomes fully integrated.