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DXP Enterprises Completes Acquisition of Premier Water - Modern Distribution Management
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DXP s Sales Returned to Year-Over-Year Growth in Q2, Accelerate Sequentially
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DXP Enterprises acquires Carter & Verplanck
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Year-over-year sales were still down almost 19 percent, but that deficit continues to improve.
May 7th, 2021
Houston-based pumping solutions and MROP products distributor and supply chain provider DXP Enterprises reported its 2021 first quarter results on Friday, showing year-over-year sales that are still in the red but improving, while sequential sales showed solid growth that was driven by acquisitions the company completed during Q4 2020.
The company posted total Q1 sales of $246 million, down 18.4 percent year-over-year (-17.1 percent on a daily sales basis). That year-over-year decline has shrunk from 32.7 percent in Q3 of last year and 21.2 percent in Q4. Sequentially, Q1 sales improved 5.6 percent, on par with the 5.7 percent increase from Q3 to Q4 2020.
Tampa, FL-based Carter & Verplanck adds nearly $30 million of annual revenue to DXP.
May 4th, 2021
HOUSTON DXP Enterprises, Inc.
announced May 3 that it has completed the acquisition of Carter & Verplanck, Inc., a distributor of products and services exclusively focused on serving the water and wastewater markets.
Founded in 1927, Carter & Verplanck is headquartered in Tampa, FL and focuses on serving the Florida, Tennessee, Georgia and Alabama markets. Carter & Verplanck provides bio-solid & residual, potable water management and wastewater treatments solutions, guiding clients through an entire lifecycle of a project starting with design and engineering, through installation and start-up, as well as ongoing field support. CVI goes to market as a high service branch-based operator and has approximately 17 employees.