DXP Enterprises Acquires Kappe Associates (and Hennesy Mechanical Sales)

February 5, 2024

DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisition of Kappe Associates, Inc., a Frederick, Maryland-based distributor and manufacturers' representative focused on pumps, controls and process equipment for the water and wastewater industry. The announcement also references the acquisition of Hennesy Mechanical Sales as part of DXP's expansion of its DXP Water efforts; DXP funded the transactions with cash from its balance sheet.

Buyers
DXP Enterprises, Inc.
Targets
Kappe Associates, Inc., Hennesy Mechanical Sales LLC
Location
Maryland, United States
Transaction Type
Buyout

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