DXP Adds Pump Systems Distributor Pro-Seal in Michigan - Modern Distribution Management

DXP Adds Pump Systems Distributor Pro-Seal in Michigan

The addition of Pro-Seal complements DXP's rotating equipment division and expands its geographic footprint.
DXP Enterprises 2

DXP Enterprises acquired Pontiac, MI-based pump systems distributor Pro-Seal to build out its breadth of technical products and services on the regional and local level.

Pro-Seal operates out of two locations servicing the Great Lakes region of the U.S. and all of Alaska. It is a distributor of pumping systems, fluid sealing and related seal support systems and other industrial pumping equipment, services and lubricants.

“Pro-Seal complements DXP’s end markets and provides entry into a geographic region we have not historically served as well as adding scale for us in Alaska,” said DXP Chief Financial Officer Kent Yee in a March 5 news release. “Pro-Seal’s local market expertise combined with DXP’s size and scale will help us provide better customer solutions. We anticipate this acquisition to be accretive to earnings and further expand our Rotating Equipment division.”

Sales and adjusted EBITDA for Pro-Seal for the last 12 months ending December 31, 2023, were approximately $19.9 million and $1.5 million, respectively.

With the closing of the Pro-Seal deal, DXP started fiscal 2024 with three acquisitions, including Frederick, MD-based Kappe Associates and Phoenix-based Hennesy Mechanical Sales.

“These acquisitions are consistent with our growth strategy and demonstrate our commitment to expanding DXP as well as maintaining our leading position as the largest distributor of rotating equipment in North America,” said DXP Chairman and CEO David Little.

DXP was No. 22 on MDM’s 2023 Top Industrial Distributors List, and No. 10 for MRO distributors.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!