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Stock impact report

DXP Enterprises, Inc. Announces Acquisition of Pro-Seal, Inc. [Yahoo! Finance]

DXP Enterprises, Inc. (DXPE) 
Last dxp enterprises, inc. earnings: 3/6 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
HOUSTON, March 05, 2024 BUSINESS WIRE DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Pro-Seal, Inc. ("Pro-Seal"). Founded in 1987, Pro-Seal is headquartered in Pontiac, Michigan and operates out of two locations servicing the Great Lakes Region of the U.S. and all of Alaska. Pro-Seal is a leading distributor of pumping systems, fluid sealing and related seal support systems and other industrial pumping equipment and services and lubricants. DXP funded the acquisition with cash from the balance sheet. "We are pleased to announce the acquisition of Pro-Seal and welcome the employees of Pro-Seal to the DXP team. With Pro-Seal, we continue to build on our strategy of providing a breadth of technical products and services on the regional and local level. With the closing of Pro-Seal, we have started fiscal 2024 with three acquisitions and each company provides DXP with exceptional management teams that enhance our ability to collaborate a Show less Read more
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