The 2020 Mid-Year Economic Update_long

DXP Enterprises Acquires Safety Alliance

DXP Enterprises, Inc., Houston, TX, has acquired Safety Alliance, a company which provides safety and environmental consulting and training services as well as safety equipment sales, service, and rental. Safety Alliance has operated in Farmington, NM, since 1995.


DXP paid $2.3 million in cash and assumed about $0.2 million in debt.


The unaudited sales and EBITDA for the acquired business for the nine months ending Sept. 30, 2006, were approximately $2 million and $0.4 million, respectively.


Greg Oliver, Senior Vice President of DXP Service Centers, said, “This acquisition, along with our recent addition of Safety International, positions DXP to be a significant provider of high-end safety services in the energy and mining sectors.”


DXP Enterprises, Inc. is a distributor of pumps, bearings, power transmission, seals, hose, safety, fluid power, electrical and industrial supplies.

Related Links:
DXP Enterprises Acquires Texas Welding Supplier
DXP Enterprises Acquires Safety International

More Breaking News

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.

0

articles left

This is your last free article

Subscribe to MDM Premium today and 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.