Deal Snapshot
DXP Enterprises Acquires Carter and Verplanck to Expand Position in Water and Wastewater Markets
Tuesday 04 May 2021

US-based industrial products and service distributor DXP Enterprises, Inc. (NASDAQ: DXPE) has acquired Florida-based water and wastewater-focussed products and services distributor Carter and Verplanck, Inc. (CVI) to expand water and wastewater offering, the company said.

The purchase price will be financed with cash from DXP's balance sheet and DXP Enterprises, Inc. common stock as consideration. Sales and adjusted EBITDA for CVI for the last 12 months, ending December 31, 2020 were approximately USD 29.5m and USD 5m, respectively.

Date Published: 04/05/2021