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Industrial Machinery & Equipment M&A image 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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Company Name:  DXP Enterprises, Inc.
Stock buyback:  DXPE buyback
Website:  www.dxpe.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding DXPE:  40
Total Market Value Held by ETFs:  $157.34M
Total Market Capitalization:  $840.00M
% of Market Cap. Held by ETFs:  18.73%
 

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April 28, 2024    2:35 PM Eastern
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Strong Buy (4.00 out of 4)
93rd percentile
(ranked higher than approx. 93% of all stocks covered)

Analysts' Target Price:
DXPE Stock Forecast

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