DXP Enterprises, Inc. Completes Acquisition of Triangle Pump & Equipment, Inc., Strengthening Its Water and Wastewater Platform
DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has successfully completed the acquisition of Triangle Pump & Equipment, Inc. (“Triangle”), a respected manufacturer’s representative and distributor specializing in pumps, process equipment, and aftermarket service for the water and wastewater markets. The transaction, which closed following the signing of a definitive agreement on November 1, 2025, represents a strategic addition to DXP’s growing Water division and continues the company’s long-term focus on targeted acquisitions that enhance its product and service portfolio.
Founded in 1975 and headquartered in Ridgefield, Washington, Triangle Pump & Equipment has built a strong reputation over the past five decades as a trusted solutions provider for municipal and industrial water and wastewater treatment customers. The company distributes and supports a wide range of high-performance pumps, treatment systems, and related process equipment, and it provides comprehensive aftermarket services including system design, installation, maintenance, and repair. Triangle’s team of skilled professionals brings deep technical expertise, long-standing customer relationships, and extensive regional market knowledge across the Pacific Northwest.
DXP Enterprises funded the acquisition entirely through cash on hand from its balance sheet, underscoring the company’s strong financial position and disciplined capital management. The transaction aligns with DXP’s acquisition strategy focused on enhancing its end markets, strengthening core capabilities, and expanding its geographic footprint.
For the twelve months ending June 30, 2025, Triangle reported approximately $15.1 million in sales and $2.4 million in adjusted EBITDA. Adjusted EBITDA is defined as income before taxes, plus interest, depreciation, amortization, and non-recurring expenses that are not expected to continue following the completion of the acquisition. These solid financial results reflect Triangle’s operational efficiency, healthy customer mix, and strong presence in the water and wastewater equipment distribution sector.
Strengthening DXP’s Water Division
The addition of Triangle Pump & Equipment significantly enhances DXP’s Water division — a growing business unit dedicated to serving municipal and industrial customers in the areas of water supply, treatment, and wastewater management. The division combines DXP’s nationwide infrastructure with local expertise and a comprehensive lineup of equipment, parts, and field services. Triangle’s operations will extend DXP’s coverage across key markets in Washington, Oregon, Idaho, and surrounding regions, offering new sales opportunities and reinforcing DXP’s position as a full-line provider in this essential segment.
“We are pleased to welcome the Triangle Pump & Equipment employees to the DXP team,” said David R. Little, Chairman and Chief Executive Officer of DXP Enterprises. “Triangle will provide DXP’s Water division with expanded geographic reach and additional technical capabilities. The company has an excellent reputation for customer service and quality, and its people are well-known for their expertise and commitment to performance. Triangle represents everything we look for in an acquisition — a strong business with talented people, loyal customers, and complementary product lines that fit naturally within our existing structure.”
Little added that the transaction reinforces DXP’s ongoing investment in water and wastewater infrastructure — a critical market that continues to experience steady growth due to aging systems, regulatory requirements, and the increasing demand for sustainable and reliable water management solutions. “Triangle’s knowledge and customer base will help us further scale DXP Water and deliver even greater value to both municipal and industrial customers,” he said.
A Strategic and Cultural Fit
For DXP Enterprises, acquisitions are not just about expanding market share but about bringing in companies that share its customer-centric culture, operational discipline, and technical passion. Triangle’s 50-year history of providing innovative pumping and process solutions makes it an ideal partner for DXP’s next phase of growth.
“We are excited to welcome the talented and hardworking employees of Triangle to the DXP family,” said Kent Yee, Chief Financial Officer of DXP Enterprises. “Triangle has built a strong legacy of serving the Pacific Northwest’s water and wastewater sectors with quality products and dependable service. This acquisition is a key step in our mission to build DXP Water into a comprehensive platform that offers a full range of products, technical expertise, and aftermarket solutions to municipal and industrial customers alike.”
Yee noted that DXP’s acquisition pipeline remains active and aligned with its strategic growth objectives. “We look forward to finishing 2025 on a strong note and entering 2026 with momentum as we continue to identify and pursue opportunities that enhance our scale, capabilities, and geographic coverage,” he said. “Each acquisition strengthens our overall business and adds new talent, technology, and customer relationships that will drive long-term value for our employees, customers, and shareholders.”
Continued Focus on Sustainable Growth
DXP Enterprises has a long history of acquiring and integrating well-managed businesses that complement its core operations in industrial distribution, rotating equipment, bearings and power transmission, safety products, and now — increasingly — water and wastewater systems. Through a disciplined approach to mergers and acquisitions, DXP has built a diversified platform that serves a wide array of end markets, including oil and gas, manufacturing, food and beverage, chemicals, utilities, and infrastructure.
The acquisition of Triangle Pump & Equipment further reinforces DXP’s strategy of combining organic growth with selective acquisitions that bring high-value capabilities and regional strength. Triangle’s customer-first philosophy, technical proficiency, and commitment to quality align closely with DXP’s standards of excellence and innovation.
About Triangle Pump & Equipment, Inc.
Triangle Pump & Equipment, Inc. was founded in 1975 in Ridgefield, Washington, and has grown into one of the leading distributors and representatives of pumping and process equipment in the Pacific Northwest. The company specializes in engineered solutions for water and wastewater treatment applications, providing comprehensive system design, product supply, installation, and service support. Triangle represents leading manufacturers and serves a broad base of municipal and industrial customers who rely on its expertise for reliable and efficient fluid-handling systems.
About DXP Enterprises, Inc.
DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (“MROP”) services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP’s breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services.
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