DXP Enterprises Close Acquisition Of B27 For $285 Million

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
$285.0MM
Description

Acquired Houston-based global supplier of pump and flow control solutions.

DXP Enterprises Inc. (Nasdaq: DXPE) announced Jan. 2 it completed the acquisition of B27 LLC for $285 million.

B27 was founded in 1978 and is headquartered in Houston. B27 is a global supplier of sophisticated pump and integrated flow control solutions serving the oil & gas, power generation, air quality and other industrial markets. B27 has about 342 employees with projected sales and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $198 million and $35 million, respectively for fiscal year 2013.

“We are very pleased to have B27 as part of the DXP family. B27 is a quality company with great people. We look forward to our collective success and driving towards creating a world-class Rotating Equipment business. By adding this experienced team and strategic offering to our suite of products and services, we will provide a comprehensive offering to our customers. We look forward to our future success together,” David Little, DXP's president and CEO, said in the release.

DXP Enterprises Inc. engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to industrial customers in the U.S. The company is headquartered in Houston.