M&A Deal Summary

DXP Enterprises Acquires Application Specialties

On January 3, 2018, DXP Enterprises acquired distribution company Application Specialties

Acquisition Highlights
  • This is DXP Enterprises’ 29th transaction in the Distribution sector.
  • This is DXP Enterprises’ 35th transaction in the United States.
  • This is DXP Enterprises’ 1st transaction in Washington.

M&A Deal Summary
Date 2018-01-03
Target Application Specialties
Sector Distribution
Buyer(s) DXP Enterprises
Deal Type Add-on Acquisition

Target

Application Specialties

Auburn, Washington, United States
Application Specialties, Inc. is a distributor of cutting tools, abrasives, coolants and machine shop supplies. Company operates out of three locations in the state of Washington including Auburn, Everett and Vancouver. ASI is focused on serving customers in the aerospace, construction, medical and firearm markets with approximately 33 employees.

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Buyer(S) 1

Buyer

DXP Enterprises

Houston, Texas, United States
Category Company
Founded 1908
Sector Distribution
Employees2,837
Revenue 1.7B USD (2023)
DESCRIPTION
Entrance to DXP's corporate headquarters in Houston, Texas.
Entrance to DXP's corporate headquarters in Houston, Texas.

DXP Enterprises is a products and service distributor to industrial customers throughout the United States, Canada and Mexico. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production services that emphasize and utilize DXP’s product knowledge and technical expertise in rotating equipment, bearings, power transmission, industrial supplies and safety products and services. DXP Enterprises was incorporated in 1908 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 40 of 55
Sector (Distribution) 29 of 36
Type (Add-on Acquisition) 39 of 54
State (Washington) 1 of 1
Country (United States) 35 of 49
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Vertex Distribution

Attleboro, Massachusetts, United States

Vertex Distribution, Inc. is a distributor of stainless steel, corrosion-resistant and metric fasteners, offering over 12,000 items and custom manufacturing capabilities.

Sell $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Turbo Machinery Repair

Richmond, California, United States

Turbo Machinery Repair, Inc. is a pump and industrial equipment repair, maintenance, machining and labor services company. Turbo Machinery Repair was founded in 1986 and is based in Richmond, California.

Buy -
Mergr

Product

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