DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, has acquired three distributors of pump products, process equipment and services: Pump & Power Equipment, Inc., Aledco, Inc. and Force Engineered Products. With these three acquisitions, DXP continues to grow its key Rotating Equipment product division. Financial terms of the transactions were not disclosed.
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Pump & Power, headquartered in Lenexa, KS, serves customers in the industrial and municipal markets, including food processing and production, engineering, energy, construction firms, water and municipal and wastewater treatment plants.
Aledco and Force, headquartered in Allentown, PA, serve customers in the oil & gas, water and waste water treatment, pharmaceutical and general industrial markets.
Sales and adjusted EBITDA for the three acquisitions for the twelve months ended Jan. 31, 2012 were approximately $12 million and $2 million, respectively.
"These acquisitions strengthen our regional offering and complement DXP's end markets, especially oil and gas," said Kent Yee, senior vice president corporate development. "We anticipate these acquisitions to be accretive to earnings and further expand our Rotating Equipment products and services platform."
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