DXP Enterprises, Inc. (DXPE) Announces Strategic Acquisition of Rocky Mtn. Supply, Inc.
DXP Enterprises, Inc. (DXPE) is a products and service distributor that provides pumping solutions, integrated supply and maintenance, repair, and operating and production (MROP) services. DXP announced the completion of the strategic acquisition of the assets of Rocky Mtn. Supply, Inc., a business which provides bearings, power transmission, belting, industrial and hydraulic hose, and industrial supplies. Rocky Mtn. Supply, headquartered in Greeley, Colorado, operates out of six locations in Colorado servicing the Rocky Mountain states. DXP purchased the business for approximately $4.6M, net of approximately $0.6M of acquired cash. The purchase price consists of approximately $3M paid in cash and…