M&A Deal Summary

HWC Acquires Vertex Distribution

On October 3, 2016, HWC acquired distribution company Vertex Distribution from DXP Enterprises for 32M USD

Acquisition Highlights
  • This is HWC’s 1st transaction in the Distribution sector.
  • This is HWC’s 2nd largest (disclosed) transaction.
  • This is HWC’s 2nd transaction in the United States.
  • This is HWC’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2016-10-03
Target Vertex Distribution
Sector Distribution
Buyer(s) HWC
Sellers(s) DXP Enterprises
Deal Type Divestiture
Deal Value 32M USD

Target

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.

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Buyer(S) 1

Buyer

HWC

Houston, Texas, United States
Category Company
Founded 1975
Sector Manufacturing
Employees432
Revenue 338M USD (2019)
DESCRIPTION

HWC is a manufacturer and distributor of specialty wire and cable. Comprehensive value-added services include same-day shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery, logistics support, customized online ordering capabilities, and 24/7/365 service. HWC was founded in 1975 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-25 Teleflex-Rigging Services Business

United States

Rigging Services Business, offers a range of customized heavy-duty wire rope, wire and synthetic rope assemblies, and related rigging hardware products.

Buy $50M

Seller(S) 1

SELLER

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 2 of 2
Sector (Distribution) 2 of 2
Type (Divestiture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Cortech Engineering

Yorba Linda, California, United States

Cortech Engineering LLC is a distributor of pumps and related process equipment for Southern and Central, California and Southern Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 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.

Buy -
Mergr

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