Posted May 4, 2021

DXP Enterprises acquires Carter & Verplanck

DXP Enterprises has completed the acquisition of Carter & Verplanck Inc, a distributor of products and services exclusively focused on serving the water and wastewater markets.

Carter Verplanck

Founded in 1927, Carter & Verplanck is headquartered in Tampa, Florida, and focuses on serving the Florida, Tennessee, Georgia and Alabama markets. Carter & Verplanck provides bio-solid & residual, potable water management and wastewater treatments solutions, guiding clients through an entire lifecycle of a project - starting with design and engineering, through installation and start-up, as well as ongoing field support. CVI goes to market as a high service branch based operator and has approximately 17 employees.

Financial terms of the transaction were not disclosed. CVI has annual sales of approximately $29.5 million and earnings of $5.0 million. 

"We are excited to announce the closing of Carter & Verplanck. Along with our recent acquisitions at year end, CVI will expand our water and wastewater offering and provide us with a platform and an opportunity to better serve these targeted market needs," said David Little, chief executive officer. "Similar to DXP, Carter & Verplanck is focused on providing superior customer service and product expertise. CVI is a great company with high caliber people.”