* LKCM Headwater-controlled entities to buy Distribution Solutions Group shares not already owned by LKCM Headwater for **USD 35 per share in cash**. * LKCM Headwater and affiliates hold about **79% of outstanding common stock**; the deal would take the company private and end its Nasdaq listing. * The price is **USD 5.5 above** the initial **USD 29.5** approach on March 14, 2026, and about **81% above** the March 13 close of **USD 19.31**. * Closing requires shareholder approval by unaffiliated holders; the deal is **not subject to a financing condition**. * Revolver borrowings under an amended **JPMorgan-led credit agreement** may be used to fund the transaction.