DXP Enterprises has completed the acquisitions of Burt Gurney & Associates (BGA) and MaxVac Inc., funded through cash reserves. BGA, headquartered in Omaha, Nebraska, is a leading manufacturer representative in municipal water and wastewater treatment. MaxVac, serving California’s Central Valley and San Francisco markets, specializes in vacuum pump sales, repair, and maintenance, with a focus on the electronics, semiconductor, food & beverage, pharmaceutical, and biomedical sectors.
David R. Little, Chairman and CEO of DXP, welcomed the new teams, stating, “Both BGA and MaxVac are well-established businesses that align with DXP’s commitment to delivering value-added products and services. These acquisitions strengthen our presence in the water and vacuum pump markets, providing enhanced geographic reach and product offerings.”
The acquisitions were formalized on November 1, 2024, with BGA and MaxVac reporting combined sales of $11.7 million and adjusted EBITDA of $1.6 million over the twelve months ending September 30, 2024. Kent Yee, CFO of DXP, added, “BGA and MaxVac bring talented teams that will bolster our mission to grow DXP’s Water division and enhance our vacuum pump capabilities. We are enthusiastic about scaling these platforms into 2025.”
Non-GAAP Financial Measures
DXP supplements its net income reports with non-GAAP measures like EBITDA and Adjusted EBITDA, providing additional insight into operational performance. By adjusting for non-core items, DXP offers a clearer view of ongoing results and enhances investors’ understanding of strategic progress.
About DXP Enterprises, Inc.
DXP Enterprises, Inc. is a leading distributor of products and services for industrial customers in the U.S., Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services, and maintenance, repair, and operating production (MROP) services with expertise in rotating equipment, bearings, power transmission, and industrial supplies. For more information, visit www.dxpe.com.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties, including factors such as capital availability, management dependencies, and economic conditions. These factors may lead to different results than those implied in forward-looking statements. For more information, refer to DXP’s filings with the Securities and Exchange Commission.
