MDS of Michigan reported approximately $19 million in sales for the twelve-month period ending October 31, with adjusted EBITDA reaching $1.6 million. While financial terms of the transaction remain undisclosed, the move aligns with DXP’s ongoing efforts to scale its regional operations through targeted bolt-on acquisitions.
In section Market Quotes
DXP Enterprises Expands Midwest Presence with MDS Acquisition
DXP Enterprises finalized its acquisition of MDS of Michigan on Monday, securing a distributor specialized in bearings and power transmission components. The deal, funded entirely through DXP’s existing cash reserves, marks a strategic push into a geographic territory previously underserved by the Houston-based industrial giant.
Chief Financial Officer Kent Yee noted that the acquisition strengthens DXP’s market position by bridging gaps in its current distribution network. Beyond the logistical expansion, the company intends to leverage existing customer and supplier relationships established by the Michigan firm to drive future growth in the region.
Comments (0)
No comments yet. Be the first!