DXP Enterprises Completes Acquisition of Premier Water
Summary
HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced the completion of the acquisition of Premier Water (“Premier”), a leading distributor and provider of products and services exclusively focused on serving the water and wastewater treatment markets in North and South Carolina. 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. Premier is a nice addition after completing the purchase of Carter & Verplanck that will enhance DXP’s end market mix. DXPs breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. These risks and uncertainties include, but are not limited to; decreases in oil and natural gas prices; decreases in oil and natural gas industry expenditure levels, which may result from decreased oil and natural gas prices or other factors; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, economic risks related to the impact of COVID-19, ability to manage changes and the continued health or availability of management personnel and changes in customer preferences and attitudes.