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DXP Enterprises, Inc. reported 2021 sales of $1.1 billion after closing three acquisitions during the year.
The company increased the pricing of its private offering from $500 million to $600 million aggregate principal amount of its 6.625% senior notes due 2030.
The company’s strong quarter was primarily due to the impact of the completion of its merger with Tech Data from September 2021.
The company says it will keep on hold new investments as well as the ‘international delivery of new project orders destined to Russia and Belarus.’
The hardware and building materials supplier opened a new location in Nevada, Missouri.
The home improvement company says it plans to use the net proceeds from the sale of the notes for “general corporate purposes.”
The company says the acquisition — the 3rd New Jersey company to join Envoy’s platform — with strengthen its Northeast presence.
The distributor of truck and trailer parts and services bought the assets of New York-based Portville Truck & Auto Repair.
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