Latest In DXP Enterprises
Acquisition will expand DXP's presence in international oil & gas markets.
During the first nine months, DXP spent $61 million on acquisitions.
Profit increased 12.9 percent to $13.7 million.
Alaska Pump will expand DXP's rotating equipment division within a new market.
A summary of mergers & acquisitions in the wholesale distribution industry.
CEO: Questions remain around the pace of growth in the U.S. and Canada.
According to DXP, acquisition makes distributor largest rotating equipment distributor in North America.
Sales, driven by acquisitions, were up 35.9% in 2012 for DXP Enterprises.
The distributor was No. 24 on the list, which looks at sales and earnings growth and other factors for companies below $1 billion in sales.
Excluding sales from acquisitions, same-store sales increased 7.4 percent.
The lawsuit, filed by the Circos last year, alleged breach of contract related to the acquisition of Precision Industries.
Profit for the distributor increased 60.5% year-over-year.
After the close of another acquisition, DXP is expecting to have more than $120 million in sales in Canada.
Sales increased for all three of DXP's business segments.
HSE is an industrial safety services company based in Calgary, Alberta.
Pump & Power Equipment, Aledco and Force Engineered Products will join DXP's Rotating Equipment division.
Mid-Continent provides safety instrumentation, fall and hand protection and other related safety products.