HOUSTON – DXP Enterprises, Inc. has announced the completion of the acquisition of Alliance Pump & Mechanical Service, Inc (“Alliance”), a leading municipal and industrial pump sales, service and repair company. DXP funded the acquisition with cash on the balance sheet.
Alliance is headquartered and operates out of a single location in Independence, Missouri. Alliance is focused on serving customers in the chemical, water/wastewater, municipal and general industrial markets with approximately 9 employees. Financial terms of the transaction were not disclosed. Signing of the definitive agreement occurred on November 1, 2023. Sales and adjusted EBITDA were approximately $2 million and $230 thousand, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, depreciation and amortization and non-recurring items that will not continue after the completion of the acquisition.