HOUSTON, June 18 — DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of General Repair Service (“General Repair”). Founded in 1955, General Repair is headquartered in Vadnais Heights, Minnesota and operates out of a single location servicing the greater Minnesota market, and surrounding geography. General Repair is a leading provider of products and services including pumps, blowers, and related process equipment focused on serving customers in the water and wastewater, and industrial markets. DXP funded the acquisition with cash from the balance sheet.
“We are pleased to announce the acquisition of General Repair and welcome the employees to the DXP team. General Repair adds another great company to our water and wastewater platform that includes the many pieces we look for when acquiring a water business. General Repair provides DXP with an exceptional business that leads with service, accompanied by tremendous technical sales expertise,” commented David Little, Chairman, and Chief Executive Officer of DXP.
Sales and adjusted EBITDA for the last twelve months ending March 31, 2026, were approximately $12.2 million and $1.6 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items.
Kent Yee, Chief Financial Officer, stated, “We are excited to have General Repair as a part of DXP and the DXP Water platform. We welcome the talented and hardworking General Repair employees to the DXP team. The addition of General Repair Service furthers our mission to build DXP Water into a full-line product and service focused platform. We look forward to scaling General Repair and accelerating sales growth. This transaction will be positive for General Repair and DXP’s suppliers, customers, employees, and shareholders. We are excited as we complete our fourth acquisition in 2026 as we scale DXP.”