DSG Expands Its Operations with a Key Acquisition
DSG is excited to announce its recent acquisition of Peoria Pump through an asset purchase, effective immediately. Peoria Pump, established in 1947, has been a leading wholesale distributor for pumps, pipes, and geothermal supplies, providing vital services to well drillers throughout the Midwest region. This acquisition marks an important milestone for DSG, representing its continued growth and commitment to community service.
Emphasizing Commitment to Employee Ownership
DSG’s acquisition strategy strongly aligns with its employee ownership model, which brings a local focus and enhances engagement with customers. Terry Cole, Owner of Peoria Pump, emphasized this synergy, stating, "DSG's proven track record in growth and customer satisfaction is a fantastic opportunity for both our employees and customers." This collaboration aims to create a solid foundation for future successes by leveraging DSG's resources alongside Peoria Pump's established reputation.
Continuity and Future Integration
After the acquisition, the company will continue operating under the name Peoria Pump: A DSG Company. Over time, there will be a gradual transition of the brand to fully integrate into DSG’s identity. This thoughtful approach ensures that existing customers experience a smooth transition. Terry Cole will remain with the organization throughout this period, providing his expertise during the integration process to help maintain high service standards.
Enhancing Community Support and Growth
DSG President & CEO Paul Kennedy expressed his enthusiasm about welcoming the Peoria Pump team, highlighting their commitment to exceptional customer service that has sustained for generations. He stated, "By combining the strengths of Peoria Pump and DSG, we can significantly enhance our platforms to support customers and communities effectively. Our collective strengths will pave the way for exciting growth opportunities for everyone involved."
About DSG
DSG has established itself as a leading independent wholesale distributor in its sector, providing extensive products and solutions sourced from top manufacturers. With roots going back to 1898, DSG has built a rich legacy of service across a variety of industries, including electrical, plumbing, HVAC, communications, utility, automation, and waterworks. Its employee-owned structure ensures that the company retains a strong focus on meeting both local and regional needs while serving customers with pride and integrity.
Strategic Importance of the Acquisition
The Peoria Pump acquisition represents DSG's ninth state of operations throughout the Midwest, validating its commitment to expanding its footprint in an essential and growing market. Peoria Pump’s existing customer relationships and strong market presence will serve as a valuable asset for DSG, allowing them to build on the already solid foundation laid over decades.
Looking Ahead
As DSG prepares for this new chapter, the company aims not just to maintain Peoria Pump’s legacy but to enhance it through dedicated resources and its extensive distribution network. This strategic acquisition is more than just an expansion; it emphasizes DSG's ongoing dedication to community engagement and customer satisfaction.
Frequently Asked Questions
What is the significance of DSG acquiring Peoria Pump?
This acquisition strengthens DSG's market presence in the Midwest and enhances its capabilities in serving customers through expanded resources.
How will Peoria Pump operate after the acquisition?
Peoria Pump will continue operating under its name as a DSG company during a transitional phase before fully integrating with the DSG brand.
What can Peoria Pump's customers expect from DSG?
Customers can look forward to enhanced service levels, a broader range of products, and the reliability that comes from DSG’s established reputation.
Who will remain involved during the transition?
Terry Cole, the owner of Peoria Pump, will stay with the company to assist with the transition and ensure effective integration.
What does DSG focus on as a company?
DSG places a strong emphasis on employee ownership, community engagement, and delivering high-quality products and services in multiple sectors.
