DXP Enterprises Announces Strategic Growth with APSCO, LLC Purchase
DXP Enterprises, Inc. (NASDAQ: DXPE), a leading distributor of industrial products and services, announced the completion of its acquisition of APSCO, LLC (“APSCO”), marking another significant step in DXP’s ongoing expansion within the water and wastewater industry. The acquisition, finalized after the signing of a definitive agreement on October 1, 2025, reinforces DXP’s strategy of building a comprehensive national platform that combines product expertise, service capabilities, and geographic reach.
Founded in 1986, APSCO is headquartered in Redmond, Washington, and has established itself as a trusted manufacturer’s representative of pumps, controls, and process equipment. The company serves customers across Alaska, Colorado, Hawaii, Idaho, Montana, Oregon, Washington, Wyoming, and neighboring markets. Over nearly four decades, APSCO has developed a strong reputation for technical excellence, reliable service, and long-standing relationships with municipalities, contractors, and engineering firms in the water and wastewater sector.
DXP funded the acquisition entirely with cash on hand, reflecting its disciplined capital structure and strong balance sheet. Financially, APSCO brings approximately $12.9 million in sales and $1.5 million in adjusted EBITDA for the twelve months ending July 31, 2025. Adjusted EBITDA was calculated as income before tax, plus interest, depreciation, and amortization, adjusted for non-recurring items and reduced by go-forward selling costs.
David Little, Chairman and Chief Executive Officer of DXP Enterprises, expressed enthusiasm about the acquisition and the opportunities it brings. “We are pleased to announce the acquisition of APSCO,” said Little. “APSCO adds another great company to our water and wastewater platform. With its highly regarded technical expertise and regional presence, APSCO will strengthen our product, aftermarket, and service capabilities while accelerating the growth of our DXP Water platform.”
Little emphasized that DXP’s acquisition strategy is not only focused on expanding market share but also on deepening customer relationships through enhanced service and technical support. “Our goal has always been to build strong, customer-focused platforms that deliver long-term value. The addition of APSCO helps us continue this mission by adding an experienced team and complementary offerings to our growing portfolio in one of the most important infrastructure sectors in the country,” he said.
The acquisition of APSCO follows a series of strategic moves by DXP to position itself as a major player in the water and wastewater industry, a sector expected to see increased investment in coming years due to aging infrastructure, population growth, and environmental mandates. Through its DXP Water platform, the company has built a robust network of businesses specializing in pumps, treatment systems, controls, and maintenance services—solutions that support the full lifecycle of water management systems, from design and installation to operation and repair.
Kent Yee, Chief Financial Officer of DXP Enterprises, highlighted how APSCO’s addition complements DXP’s long-term strategy. “We are very excited to welcome APSCO and its talented employees to the DXP team,” Yee stated. “This acquisition fits perfectly within our focus on expanding our presence in water and wastewater markets. APSCO gives us meaningful geographic coverage in the Pacific Northwest and western United States—areas where we see tremendous potential for growth and investment in water infrastructure.”
Yee added that APSCO’s team shares DXP’s culture of technical excellence, customer service, and operational discipline. “APSCO has built a reputation for reliability and innovation, and its employees have decades of experience working with municipal and industrial clients on complex water and wastewater projects,” he noted. “This transaction benefits everyone involved—our customers, employees, and shareholders—by enhancing DXP’s capabilities and reach. We look forward to finishing 2025 strong, with additional acquisitions on the horizon, and continuing to build momentum into 2026.”
For APSCO, becoming part of DXP represents a new chapter in its growth story. The company’s regional footprint, technical expertise, and customer relationships will now be supported by DXP’s national scale, extensive inventory, and broad service infrastructure. This combination will enable APSCO to deliver even greater value to its customers by offering expanded product lines, faster turnaround times, and enhanced technical support.
DXP’s acquisition strategy has long been rooted in identifying strong regional businesses with specialized expertise and integrating them into its broader operational ecosystem. The company’s approach emphasizes maintaining local autonomy and expertise while providing the financial and operational resources necessary to scale. Through this model, DXP has successfully integrated numerous businesses over the years, enhancing its portfolio across various industrial segments, including rotating equipment, bearing and power transmission, safety services, and fluid handling solutions.
The addition of APSCO is particularly timely as the U.S. water and wastewater sector faces increasing demand for modernization and sustainability. Public and private sector investment in upgrading water systems is expected to accelerate, driven by both federal funding initiatives and state-level infrastructure programs. By strengthening its position in this essential market, DXP is well positioned to support utilities, municipalities, and industrial clients as they adapt to new technologies and regulatory requirements.
Looking ahead, DXP intends to continue pursuing targeted acquisitions that align with its core strengths and market priorities. The company’s acquisition of APSCO not only expands its geographic reach but also enhances its ability to serve customers across the full spectrum of water management challenges—from system design and engineering to installation, maintenance, and optimization.
As DXP moves into the final quarter of 2025, the company remains focused on operational excellence and strategic growth. “We are building a stronger, more resilient DXP—one that can support our customers’ evolving needs while delivering consistent value to our shareholders,” said Little. “APSCO is an important part of that vision, and we are excited about what we can achieve together.”
With the acquisition complete, DXP Enterprises continues to strengthen its position as a diversified industrial solutions provider with growing influence in essential infrastructure markets. The addition of APSCO underscores DXP’s commitment to sustainable growth, innovation, and service excellence—values that have defined the company’s success for more than a century.
At the intersection of proven expertise and emerging opportunity, DXP’s integration of APSCO represents both a continuation of its growth strategy and a forward-looking investment in the future of America’s water infrastructure.
