DXP Enterprises acquires Moores Pump & Services for expansion

HOUSTON - DXP Enterprises, Inc. (NASDAQ:DXPE) announced today it has completed the acquisition of Moores Pump & Services, Inc., a Louisiana-based provider of rotating equipment services.

Founded in 1972 and headquartered in Broussard, Louisiana, Moores specializes in fabrication and repairs of rotating equipment and pumping systems throughout the Gulf Coast region. The acquisition was funded with cash from DXP’s balance sheet, supported by the company’s strong liquidity position with a current ratio of 2.7, according to InvestingPro data.

The definitive agreement was signed on July 1, 2025. According to the company, Moores generated approximately $10.3 million in sales and $1.8 million in adjusted EBITDA for the twelve months ending May 30, 2025.

"With Moores, we continue to build on our strategy of providing a breadth of technical products and services on the regional and local level," said David Little, Chairman and Chief Executive Officer of DXP. This marks DXP’s third acquisition in fiscal 2025.

Kent Yee, Chief Financial Officer, noted that the acquisition "complements DXP’s end markets and enhances a geographic region we have historically served, adding scale and capabilities for us in the Gulf Coast region." The three acquisitions completed year-to-date produced over $37.9 million in revenue in 2024, according to the company.

DXP Enterprises describes itself as a distributor of industrial products and services, with operations across the United States, Canada, Mexico, and Dubai. The company specializes in pumping solutions, supply chain services, and maintenance, repair, operating and production services. InvestingPro analysis shows the company maintains excellent financial health with a "GREAT" overall score, delivering nearly 12% revenue growth over the last twelve months. For detailed insights and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro, covering over 1,400 US stocks including DXPE.

The information was provided in a press release statement from DXP Enterprises.

In other recent news, DXP Enterprises Inc. reported first-quarter earnings for 2025 that exceeded analyst expectations. The company achieved an adjusted earnings per share (EPS) of $1.26, surpassing the projected $0.96, on revenue of $476.6 million, which also exceeded the anticipated $447 million. This performance was driven by a 15.5% year-over-year revenue increase, notably from the Innovative Pumping Solutions division, which saw a 38.5% growth. Despite these positive results, DXP Enterprises’ stock experienced a decline in after-hours trading. The company has announced plans to pursue two to three acquisitions before mid-year to further drive growth. Additionally, DXP Enterprises completed the acquisition of Arroyo Process Equipment, adding to its capabilities in the rotating equipment sector. Analyst discussions during the earnings call highlighted stable margins and no significant demand slowdown, despite broader economic uncertainties.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.