|This Slide: #53 of 100|
Slide #53. DXP Enterprises, Inc. — B27, LLC
DXP Enterprises, Inc. (NASDAQ:DXPE)
DXP Enterprises, Inc. (NASDAQ:DXPE) and B27, LLC, principally controlled by Champlain Capital Partners, L.P., announced today that they entered into a definitive agreement pursuant to which DXP will acquire all of the equity securities and interests of B27, LLC at a purchase price of approximately $285 million. Closing is anticipated during the first quarter of 2014, subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. Signing of the definitive agreement occurred on December 9, 2013.
DXP Enterprises is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to energy and industrial customers. Co.'s segments include: Service Centers, which is engaged in providing MRO products, equipment and integrated services, including technical expertise and logistics capabilities, to energy and industrial customers with the ability to provide same day delivery; Supply Chain Services; which manages all or part of its customers' supply chains, including procurement and inventory management; and Innovative Pumping Solutions, which provides custom pump skid packages, pump remanufacturing and manufactures branded private label pumps.
DXPE SEC Filing Email Alerts Service
Open the DXPE Page at The Online Investor »
Strong Buy (4.00 out of 4)