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HOUSTON - DXP Enterprises, Inc. (NASDAQ:DXPE), a company that has delivered an impressive 147% return over the past year according to InvestingPro data, has completed the acquisition of APSCO, LLC, a manufacturer’s representative of pumps, controls, and process equipment serving the water and wastewater industry, the company announced in a press release.
The acquisition, which was finalized on Tuesday after a definitive agreement was signed on October 1, expands DXP’s water and wastewater platform with a presence in eight western states including Alaska, Colorado, Hawaii, Idaho, Montana, Oregon, Washington, and Wyoming.
Founded in 1986 and headquartered in Redmond, Washington, APSCO generated approximately $12.9 million in sales and $1.5 million in adjusted EBITDA for the twelve months ending July 31, 2025, according to the company statement.
"APSCO adds another great company to our water and wastewater platform," said David Little, Chairman and Chief Executive Officer of DXP. "APSCO will enhance our product and aftermarket and service capabilities, along with furthering our efforts to grow our DXP Water platform."
The transaction was funded with cash from DXP’s balance sheet. The acquisition provides DXP with a stronger foothold in the Pacific Northwest and broader western U.S. region.
Kent Yee, Chief Financial Officer of DXP, noted that the company plans to close additional acquisitions before the end of 2025 and continue this strategy into 2026.
DXP Enterprises provides industrial products and services including pumping solutions, supply chain services, and maintenance, repair, operating, and production services across the United States, Canada, Mexico, and Dubai.
In other recent news, DXP Enterprises Inc. announced its second-quarter 2025 earnings, which exceeded analysts’ expectations. The company reported an earnings per share (EPS) of $1.43, surpassing the anticipated $1.39. Despite this positive earnings performance, DXP Enterprises’ revenue fell slightly short of projections, recording $498.7 million compared to the expected $499 million. These recent developments have drawn attention from investors, particularly due to the revenue miss. The financial results come amidst various analyst activities, with some firms reassessing their positions on the company’s stock. While the earnings beat is notable, the revenue shortfall has sparked discussions among market watchers. Analyst feedback from firms like those involved in the earnings call highlights the mixed reactions to the company’s financial performance.
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