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DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, has acquired Industrial Paramedic Services, a provider of industrial medical and clinical services to industrial clients operating in remote locations and large facilities in Western Canada.
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Industrial Paramedic Services is headquartered in Calgary, Alberta and operates out of three locations in Calgary, Nisku and Dawson Creek. IPS is focused on serving customers in the oil and gas, forestry, mining and construction markets in Western Canada with a substantial footprint in the Alberta Oil Sands.
Sales for the last 12 months ending April 30, 2012, were $21 million.
David Little, CEO, said: “We are very pleased to announce our acquisition of IPS. Along with our HSE announcement, IPS will expand our medic services offering in Canada and provide us with an opportunity to better serve our customer needs. IPS is a premium, pure-play provider of industrial medical services. We think we can leverage their business model and expertise. We are excited to partner with the innovative and talented team at IPS.”
IPS complements DXP’s recent announcement it would acquire HSE. DXP will have more than $120 million in sales in Canada after the HSE acquisition closes.