DXP Enterprises, Inc. acquired Application Specialties, Inc. for $11.5 million.
January 02, 2018
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DXP Enterprises, Inc. (NasdaqGS:DXPE) acquired Application Specialties, Inc. for $11.5 million on January 1, 2018. The purchase price was financed with $10.6 million of cash on hand as well as issuing $0.9 million of DXP common stock. Cascadia Capital, LLC acted as the financial advisor to Application Specialties on the transaction.
DXP Enterprises, Inc. (NasdaqGS:DXPE) completed the acquisition of Application Specialties, Inc. on January 1, 2018.
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. 
