{"id":809947,"date":"2025-02-06T09:06:11","date_gmt":"2025-02-06T14:06:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dxp-enterprises-inc-announces-acquisition-of-arroyo-process-equipment\/"},"modified":"2025-02-06T09:06:11","modified_gmt":"2025-02-06T14:06:11","slug":"dxp-enterprises-inc-announces-acquisition-of-arroyo-process-equipment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dxp-enterprises-inc-announces-acquisition-of-arroyo-process-equipment\/","title":{"rendered":"DXP Enterprises, Inc. Announces Acquisition of Arroyo Process Equipment"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>DXP Enterprises, Inc. Announces Acquisition of Arroyo Process Equipment<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>Furthers and continues to scale DXP\u2019s National Rotating Equipment efforts<\/i><\/li>\n<li><i>Establishes meaningful presence in Florida<\/i><\/li>\n<li><i>Continues to accelerate end market diversification<\/i><\/li>\n<\/ul>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>DXP Enterprises, Inc. (NASDAQ: DXPE)<\/b> today announced that it has completed the acquisition of Arroyo Process Equipment (\u201cArroyo\u201d). Founded in 1968, Arroyo is headquartered in Bartow, Florida and operates out of three locations servicing northern, central, and southern Florida, and surrounding markets.<\/p>\n<p>\nArroyo is a leading distributor of pumps, process equipment, and related service and repairs focused on serving the asphalt, mining, industrial water, chemical and other industrial markets. DXP funded the acquisition with cash from the balance sheet.<\/p>\n<p>\n\u201cWe are pleased to announce the acquisition of Arroyo Process Equipment. We have always respected and followed Arroyo\u2019s success over the years. Arroyo adds another great company to our rotating equipment platform and furthers our vision around being the leading North American rotating equipment company. Arroyo provides DXP with exceptional sales expertise that will enhance our efforts and ability to collaborate and serve our customers and grow DXP further. Arroyo provides us with a clear leader in Florida,\u201d commented David Little, Chairman, and Chief Executive Officer of DXP.<\/p>\n<p>\nThe signing of the definitive agreement occurred on January 31, 2025. Sales and adjusted EBITDA for Arroyo for the last twelve months ending December 31, 2024, were approximately $26.3 million and $1.3 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items less go-forward selling costs.<\/p>\n<p>\n&#8220;Arroyo\u2019s expertise and strategic presence in Florida will complement DXP&#8217;s breadth of technical products and services. This transaction will not only allow us to continue with our existing marketing strategies, but also gives us notable talent as we continue to find resources to serve our customers better,&#8221; added David Little.<\/p>\n<p>\nKent Yee, Chief Financial Officer, stated &#8220;We are very excited to have Arroyo as a part of DXP. We have dialogued for some time and welcome Arroyo\u2019s talented and hardworking employees to the DXP team. We continue to execute on our strategy of making acquisitions in markets and business models where we can continue to enhance DXP. Arroyo continues to diversify DXP\u2019s end markets and provides scale in Florida, a market we have not historically served well. This transaction will be positive for Arroyo and DXP\u2019s customers, employees, and shareholders.&#8221;<\/p>\n<p><b>About DXP Enterprises, Inc.<\/b><\/p>\n<p>\nDXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (&#8220;MROP&#8221;) services that emphasize and utilize DXP\u2019s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP&#8217;s breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP\u2019s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.dxpe.com&amp;esheet=54200707&amp;newsitemid=20250206418924&amp;lan=en-US&amp;anchor=www.dxpe.com&amp;index=1&amp;md5=a30a507ddc4e7bc84f648fc52d135110\">www.dxpe.com<\/a>.<\/p>\n<p><i>The Private Securities Litigation Reform Act of 1995 provides a \u201csafe harbor\u201d for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cgoal,\u201d or \u201ccontinue\u201d or the negative of such terms or other comparable terminology. For more information, review the Company\u2019s filings with the Securities and Exchange Commission.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250206418924r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250206418924\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250206418924\/en\/<\/a><\/span><\/p>\n<p>\nKent Yee<br \/>\n<br \/>Senior Vice President CFO<br \/>\n<br \/>713-996-4700 \u2013 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.dxpe.com&amp;esheet=54200707&amp;newsitemid=20250206418924&amp;lan=en-US&amp;anchor=www.dxpe.com&amp;index=2&amp;md5=1bd6ad205a635da055cdfe8f52821443\">www.dxpe.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Florida Texas United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Chemicals\/Plastics Retail Commercial Building &amp; Real Estate Construction &amp; Property Energy Manufacturing Other Transport Mining\/Minerals Forest Products Agriculture Natural Resources Transport Logistics\/Supply Chain Management Food\/Beverage<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250206418924\/en\/40689\/3\/dxp_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>DXP Enterprises, Inc. Announces Acquisition of Arroyo Process Equipment Furthers and continues to scale DXP\u2019s National Rotating Equipment efforts Establishes meaningful presence in Florida Continues to accelerate end market diversification HOUSTON&#8211;(BUSINESS WIRE)&#8211;DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Arroyo Process Equipment (\u201cArroyo\u201d). Founded in 1968, Arroyo is headquartered in Bartow, Florida and operates out of three locations servicing northern, central, and southern Florida, and surrounding markets. Arroyo is a leading distributor of pumps, process equipment, and related service and repairs focused on serving the asphalt, mining, industrial water, chemical and other industrial markets. DXP funded the acquisition with cash from the balance sheet. \u201cWe are pleased to announce the acquisition of Arroyo Process &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dxp-enterprises-inc-announces-acquisition-of-arroyo-process-equipment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DXP Enterprises, Inc. Announces Acquisition of Arroyo Process Equipment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-809947","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DXP Enterprises, Inc. Announces Acquisition of Arroyo Process Equipment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dxp-enterprises-inc-announces-acquisition-of-arroyo-process-equipment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DXP Enterprises, Inc. Announces Acquisition of Arroyo Process Equipment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DXP Enterprises, Inc. Announces Acquisition of Arroyo Process Equipment Furthers and continues to scale DXP\u2019s National Rotating Equipment efforts Establishes meaningful presence in Florida Continues to accelerate end market diversification HOUSTON&#8211;(BUSINESS WIRE)&#8211;DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Arroyo Process Equipment (\u201cArroyo\u201d). Founded in 1968, Arroyo is headquartered in Bartow, Florida and operates out of three locations servicing northern, central, and southern Florida, and surrounding markets. Arroyo is a leading distributor of pumps, process equipment, and related service and repairs focused on serving the asphalt, mining, industrial water, chemical and other industrial markets. DXP funded the acquisition with cash from the balance sheet. \u201cWe are pleased to announce the acquisition of Arroyo Process &hellip; Continue reading &quot;DXP Enterprises, Inc. 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