HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisition of Hennesy Mechanical Sales LLC. DXP funded the acquisitions with cash on the balance sheet.
Hennesy is a manufacturers representative in the municipal water and wastewater treatment market and provides industrial pump sales, service and repair in the states of Arizona, New Mexico, as well as West Texas.
David R. Little, chairman, and CEO remarked, “We are pleased to welcome the Hennesy employees to the DXP team. Hennesy will enhance our aftermarket and service capabilities, along with furthering our efforts to grow our DXP Water platform. Hennesy provides a repeatable and sustainable earnings profile that is complementary to our business and furthers our strategy.”