DXP acquires National Process Equipment
DXP Enterprises has acquired National Process Equipment Inc., a Canadian distributor of pumps, service and repairs, integrated system packaging, compressors and related process equipment.
Founded in 1998, Natpro is headquartered in Calgary, Alberta and operates out of eight locations across Eastern and Western Canada. Natpro is focused on serving customers in the oil & gas, mining, municipal, fire and general industrial markets.
Financial terms of the transaction were not disclosed. The company had sales of approximately $69 million for the past 12 months.
“With the addition of Natpro, DXP is now the largest rotating equipment distributor across North America," said David Little, DXP president and chief executive officer. "We look forward to working with our suppliers to provide complete solutions for all our pump customers, whether they are looking for local expertise or multiple site integrated solutions. The addition of Natpro complements DXP’s breadth of technical products and services.”
Frank Killoran, president of Natpro stated, "We have watched DXP’s growth and development closely during the past few years and are proud to have become a member of their outstanding team. Our expertise in the Canadian market and recent expansion into integrated systems packaging will enhance DXP’s current offering. This transaction will not only allow us to more aggressively pursue our existing marketing strategies, but gives us additional services to better serve our customers and compete across North America. I am also very pleased that each of Natpro’s employees is being given the opportunity to develop their careers in such an exciting and supportive environment.”
Natpro operates in all regions and provinces in Canada and has eight separate facilities located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia.
“Natpro and its valued suppliers have developed positive relationships and a record of consistent performance and growth. Many of these suppliers also supply products and services for DXP locations across North America. We look forward to continuing to build great relationships while supporting our customer needs,” said Skip Giessing, DXP vice president of Rotating Equipment.
INDUSTRIAL SUPPLY MAGAZINE
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