DXP Enterprises, Inc. acquired Alliance Pump & Mechanical Service, Inc. for approximately $1.7 million.
November 02, 2023
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DXP Enterprises, Inc. (NasdaqGS:DXPE) signed a definitive agreement to acquire Alliance Pump & Mechanical Service, Inc. on November 1, 2023. DXP funded the acquisition with cash on the balance sheet. Sales and adjusted EBITDA of Alliance Pump & Mechanical Service were approximately $2 million and $230 thousand, respectively.
DXP Enterprises, Inc. (NasdaqGS:DXPE) completed the acquisition of Alliance Pump & Mechanical Service, Inc. for approximately $1.7 million on November 1, 2023. Total consideration for the transaction was approximately $1.7 million, funded with a mixture of cash on hand of $1.5 million and contingent consideration of $0.2 million.
DXP Enterprises, Inc. is a products and service distributor that offers solutions to industrial customers. It provides pumping solutions, supply chain services and maintenance, repair, operating and production (MROP) services. It has three segments: Service Centers (SC), Innovative Pumping Solutions (IPS) and Supply Chain Services (SCS). SC segment is engaged in providing MRO products, equipment and services, including technical expertise and logistics capabilities, to a variety of customers serving varied end markets with the ability to provide same day delivery. IPS segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps. SCS segment provides fully outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, storeroom management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement services, and customized reporting.
DXP ENTERPRISES, INC. 
