
Pumping solutions and MROP products distributor DXP Enterprises — No. 16 on Industrial Distribution’s 2019 Big 50 List — announced Thursday it has acquired California-based Turbo Machinery Repair.
Terms were not disclosed for the deal, which was signed on Jan. 31. Houston-based DXP said Turbo’s 2019 sales and adjusted EBITDA were approximately $4 million and $750,000, respectively.
“Turbo is our second acquisition this year and is another exciting addition to DXP,” added DXP CFO Kent Yee. “Turbo provides us with a strong pump repair facility in Northern California and complements our 2015 acquisition of Cortech. Turbo complements and diversifies DXP’s products and services and end market exposure. This transaction will be positive for Turbo and DXP’s customers, employees and shareholders.”
Turbo Machine Repair's Richmond, CA facility.Turbo Machine Repair