DXP Enterprises, Inc. | Stephens

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Financial Advisor

DXP Enterprises, Inc.

Value Not Disclosed 12/31/2020 Specialty Distribution Complete
Lead Banker: Brad Yates
Public Companies
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Transaction Details

  • DXP Enterprises, Inc. (NASDAQ: DXPE) (the “Company” or “DXP”) announced that on December 31, 2020, it completed the acquisitions of Total Equipment Company ("TEC"), APO Pumps & Compressors including Corporate Equipment Company (together "APO/CEC") and Pumping Solutions, Inc. ("PSI")
  • David Little, Chairman and CEO of DXP, said “TEC and APO enhance our aftermarket and service capabilities along with furthering end market diversification efforts. Pumping Solutions and CEC provide DXP with a growing and deepening presence into the water and wastewater market as well as other commercial and industrial end markets”
  • The transactions are expected to contribute to the Company’s goal of end market diversification away from oil & gas, reducing overall exposure to the sector by ~200 – 400 bps and adding scale to key end markets like water and waste water, chemical and food & beverage
  • Combined sales and adjusted EBITDA for the acquired companies were approximately $114 million and $16 million, respectively for the eleven months ended November 30, 2020 and financial terms of the transactions were not disclosed

About the company

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

Sources: Company Press Release.
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