DXP Enterprises buys Californian pump repair business
DXP Enterprises Inc has acquired Turbo Machinery Repair Inc, a pump and industrial equipment repair, maintenance, machining and labour services company based in Richmond, California, USA.
Turbo Machinery Repair serves customers in the chemical, water/wastewater, municipal, power and general industrial markets. The company has annual sales of approximately US$4 million and employs around 23 people.
“Turbo is a unique, well-run business focused on providing value-added service and repair capabilities to its customers,” said David Little, chairman and CEO of DXP Enterprises. “Turbo will provide DXP’s Rotating Equipment division with new geographic territory and enhance DXP’s end market mix. Turbo is a great company with key differentiators and provides us with high calibre people.”
“Turbo provides us with a strong pump repair facility in Northern California and complements our 2015 acquisition of Cortech,” said DXP Enterprises CFO Kent Yee.