The 2020 Mid-Year Economic Update_long

DXP Enterprises Acquires Alaska Pump & Supply

Alaska Pump will expand DXP's rotating equipment division within a new market.

DXP Enterprises Inc. (NASDAQ: DXPE), Houston, TX, has acquired Alaska Pump & Supply Inc., a distributor of pump products, process equipment and services for commercial, municipal and industrial applications within Alaska. Terms were not disclosed.

Alaska Pump is headquartered in Anchorage and operates out of a single location. It is focused on serving customers in the oil & gas, petrochemical, municipal, power generation, marine and industrial markets with about 26 employees. Sales and adjusted EBITDA for the last twelve months ended May 31, 2013, were $16.1 million and $2.4 million, respectively.

David Little, CEO, said Alaska Pump will expand DXP's rotating equipment division within a new market for DXP.

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.

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

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

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.