DXP Enterprises, Inc. (DXPE) has completed the acquisition of Moores Pump & Services, Inc., a leading provider of fabrication and repairs for rotating equipment and pumping systems.
The acquisition was funded with cash from DXP Enterprises’ balance sheet. This move is expected to be accretive to earnings and to further expand the Rotating Equipment division.
David Little, Chairman and CEO of DXP Enterprises, highlighted that these acquisitions align with their growth strategy. He emphasized their commitment to expanding DXP and maintaining their position as the largest distributor of rotating equipment in North America.
