HOUSTON – DXP Enterprises, Inc. announced that it has completed the acquisition of APSCO, LLC. Founded in 1986, APSCO is headquartered in Redmond, Washington, servicing Alaska, Colorado, Hawaii, Idaho, Montana, Oregon, Washington, Wyoming and surrounding markets.
APSCO is a leading manufacturer’s representative of pumps, controls and process equipment focused on serving the water and wastewater industry. DXP funded the acquisition with cash from the balance sheet.
“We are pleased to announce the acquisition of APSCO. APSCO adds another great company to our water and wastewater platform. APSCO will enhance our product and aftermarket and service capabilities, along with furthering our efforts to grow our DXP Water platform,” said David Little, chairman and chief executive officer of DXP.
The signing of the definitive agreement occurred on October 1. Sales and adjusted EBITDA for APSCO for the last twelve months ending July 31, were approximately $12.9 million and $1.5 million, respectively. Adjusted EBITDA was calculated as income before tax—plus interest, depreciation and amortization, and non-recurring items less go-forward selling costs.
Kent Yee, chief financial officer, said, “We are very excited to have APSCO as a part of DXP. We are excited to welcome APSCO’s talented and hardworking employees to the DXP team. We continue to execute on our strategy of making acquisitions in markets and business models where we can continue to enhance DXP. APSCO complements our recent focus on water and wastewater acquisitions and provides us with a meaningful presence in the Pacific Northwest and broader western U.S. region. This transaction will be positive for APSCO and DXP’s customers, employees, and shareholders. We look forward to closing 2025 with additional acquisitions and continuing this path into 2026 as we grow, improve and scale DXP.”
