DXP Acquires Cisco Air Systems

DXP Enterprises, Inc. says the deal adds scale and complements the company’s previous air compressor acquisitions.
Chicago-based industrial technology manufacturing company Littelfuse has completed its acquisition of C&K Switches, a designer and manufacturer of electromechanical switches and interconnect solutions.

Houston-based DXP Enterprises, Inc. (NASDAQ: DXPE) announced it has completed the acquisition of Cisco Air Systems, Inc., a company that serves customers in California and Nevada.

Financial details were not disclosed.

Cisco distributes air compressors and related products and services focused on food & beverage, transportation and general industrial markets.

DXP funded the acquisition with cash from the balance sheet and DXP Enterprises, Inc. common stock as consideration.

Sales and adjusted EBITDA for Cisco for the last 12 months ending March 31 were approximately $43.2 million and $7 million, respectively.

“We are pleased to announce the acquisition of Cisco and the first-tier capabilities, strong leadership and complete business model as a part of our air compressor growth efforts,” said David Little, CEO of DXP. “We are excited to have Cisco join the DXP family. Cisco provides DXP with exceptional sales expertise that will enhance our efforts and our ability to collaborate and serve our customers. This acquisition is consistent with our growth strategy and demonstrates our commitment to expanding DXP into other products, markets and capabilities as well as maintaining our leading position as the largest distributor of rotating equipment in North America.”

Read more about DXP’s diversification strategy and its move away from oil & gas in MDM Premium.

Related Posts

  • DXP 2022 sales 1Q

    DXP Enterprises, Inc. says it has completed acquisitions of Drydon Equipment, Inc. and Burlingame Engineers.

  • On July 27, Glenview, Illinois-based Jan-San distributor Envoy Solutions announced the acquisition of Sunbelt Packaging, a packaging materials distributor based in York, South Carolina.

    The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and…

  • The acquisitions, Wholesale Sheet Metal and Pile Protections Tops, will expand Munch's geographic footprint to 71 locations.

    The company reached a deal with Novinium Holdings, a Washington-based cable rejuvenation solutions provider.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.