DXP Enterprises announced Wednesday that it has acquired Twin Cities-area pump and process equipment company General Repair Service.
General Repair, DXP officials said, provides pumps, blowers and related equipment and services to the water, wastewater and industrial markets in Minnesota and its surrounding areas. The Vadnais Heights company, which celebrated its 70th anniversary last year, posted about $12.2 million in sales and $1.6 million in adjusted EBITDA in the 12 months ending March 31.
DXP paid for the acquisition with cash from its balance sheet; financial details were not disclosed.
“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,” DXP Chairman and CEO David Little said in the announcement.
“The addition of General Repair Service furthers our mission to build DXP Water into a full-line product and service focused platform,” added DXP CFO Kent Yee. “We look forward to scaling General Repair and accelerating sales growth.”
