DXP Enterprises, Inc. Completes Two Acquisitions
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Thursday, May 4, 2023
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DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that is has completed the acquisitions of Riordan Materials Corporation (“Riordan”) and Florida Valve & Equipment Corp. and Environmental MD (“Florida Valve EMD”).
Key Points:
- DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that is has completed the acquisitions of Riordan Materials Corporation (“Riordan”) and Florida Valve & Equipment Corp. and Environmental MD (“Florida Valve EMD”).
- DXP funded the acquisitions with cash on the balance sheet.
- David R. Little, Chairman and CEO, remarked, “We are pleased to welcome the Riordan and Florida Valve employees to the DXP team.
- Saade Chibani, President of DXP Water, commented, “Our expertise in the water and wastewater market continues to accelerate along with depth and reach of the DXP Water platform.