Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 28, 2:35 PM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
Slide #53. DXP Enterprises, Inc. — B27, LLC
Acquirer: |
DXP Enterprises, Inc. (NASDAQ:DXPE) |
Acquiree: |
B27, LLC |
Details: |
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 customers. Co. is organized into three segments: Service Centers, which is engaged in providing MRO products, equipment and services, including technical services and logistics capabilities, to a variety of customers serving varied end markets with the ability to provide same day delivery; Supply Chain Services, which manages all or part of Co.'s 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.
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April 28, 2024 2:35 PM Eastern
Strong Buy (4.00 out of 4)
93rd percentile
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