DXP Enterprises Acquires Application Specialties, Inc.
January 3, 2018
DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisition of Application Specialties, Inc. (ASI), a cutting tools and industrial supplies distributor headquartered in Auburn, Washington. ASI generated approximately $37.0 million in sales and $2.9 million of adjusted EBITDA and will provide DXP with three new Pacific Northwest locations and added tooling/grinding capabilities; the acquisition was funded with cash on DXP's balance sheet.
- Buyers
- DXP Enterprises, Inc.
- Targets
- Application Specialties, Inc.
- Industry
- Industrial Services
- Location
- Washington, United States
- Transaction Type
- Buyout
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