Houston, TX-based DXP Enterprises Inc. (NASDAQ: DXPE) has acquired National Process Equipment Inc., a Canadian distributor of pumps, service and repairs, integrated system packaging, compressors and related process equipment.
DXP Enterprises is No. 18 on MDM’s list of the top 40 industrial distributors.
Natpro is headquartered in Calgary, Alberta, and operates out of eight locations across Eastern and Western Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia. Natpro is focused on serving customers in the oil & gas, mining, municipal, fire and general industrial markets. Natpro has 190 employees. Natpro operates in all regions and provinces in Canada and
Sales and pro-forma adjusted EBITDA of Natpro for the last 12 months ending March 31, 2013, were $69 million and $5 million, respectively.
“With the addition of Natpro, DXP is now the largest rotating equipment distributor across North America,” said David Little, president and CEO of DXP. “We look forward to working with our suppliers to provide complete solutions for all our pump customers, whether they are looking for local expertise or multiple site integrated solutions. The addition of Natpro complements DXP’s breadth of technical products and services.”
Kent Yee, senior vice president of corporate development, said: “We look forward to growing Natpro and adding more product divisions in Western and Eastern Canada. This transaction will be positive for Natpro and DXP’s customers, employees and shareholders.”