MRO and industrial distributor DXP Enterprises Inc. (NASDAQ: DXPE), Houston, announced the completion of its acquisition of Premier Water, a distributor and provider of products and services that serves the water and wastewater treatment markets in North Carolina and South Carolina. Financial terms of the deal weren’t disclosed.
Founded in 2005, Premier is headquartered in Charlotte. The signing of the definitive agreement took place on Monday. Sales and adjusted EBITDA were approximately $3.6 million and $850,000, respectively, according to DXP Enterprises.
“We are pleased to welcome the Premier employees to the DXP team,” said DXP Enterprises Chairman and CEO David R. Little. “Premier is a unique, well-run business focused on providing process equipment to customers in the water and wastewater market. Premier is a nice addition after completing the purchase of Carter & Verplanck that will enhance DXP’s end market mix. Premier is a great company with key differentiators and provides us with high caliber people.”
In May, DXP Enterprises announced it had acquired Carter & Verplanck Inc., a Tampa, Florida-based distributor of products and services for the water and wastewater markets.