DXP Enterprises, Inc. completed the acquisition of Pro-Seal Incorporated.
March 04, 2024
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DXP Enterprises, Inc. (NasdaqGS:DXPE) signed definitive agreement to acquire Pro-Seal Incorporated on March 1, 2024. DXP funded the acquisition with cash from the balance sheet. employees of Pro-Seal join DXP team. Sales and adjusted EBITDA for Pro-Seal for the last twelve months ending December 31, 2023, were approximately $19.9 million and $1.5 million, respectively. DXP anticipates the acquisition to be accretive to earnings and further expand DXP Rotating Equipment division.
DXP Enterprises, Inc. (NasdaqGS:DXPE) completed the acquisition of Pro-Seal Incorporated on March 1, 2024.
DXP Enterprises, Inc. is a products and service distributor that offers solutions to industrial customers. It provides pumping solutions, supply chain services and maintenance, repair, operating and production (MROP) services. It has three segments: Service Centers (SC), Innovative Pumping Solutions (IPS) and Supply Chain Services (SCS). SC segment is engaged in providing MRO products, equipment and services, including technical expertise and logistics capabilities, to a variety of customers serving varied end markets with the ability to provide same day delivery. IPS segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps. SCS segment provides fully outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, storeroom management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement services, and customized reporting.
DXP ENTERPRISES, INC. 
