DXP Enterprises acquires Premier Water
DXP Enterprises has acquired Premier Water, a distributor focused on serving the water and wastewater treatment markets in North and South Carolina.
Financial terms of the transaction were not disclosed.
Founded in 2005, Premier is headquartered and operates out of a single location in Charlotte, North Carolina. Premier is focused on serving customers in the water and wastewater treatment markets with approximately 6 employees. The company has sales of approximately $3.6 million and adjusted earnings of $850,000.
“We are pleased to welcome the Premier employees to the DXP team. Premier is a unique, well-run business focused on providing process equipment to customers in the water and wastewater market. Premier is a nice addition after completing the purchase of Carter & Verplanck that will enhance DXP’s end market mix. Premier is a great company with key differentiators and provides us with high caliber people,” said David R. Little, DXPE chairman and CEO.
INDUSTRIAL SUPPLY MAGAZINE
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