DXP History

Founded as Southern Engine and Pump Company in 1908, DXP was re-chartered in 1979 as Sepco Industries and re-named DXP Enterprises, Inc. in 1996. Over the years, we have strengthened our ability to support you by acquiring a diverse group of specialized companies, all known as the best at what they do. DXP united these companies with a powerful corporate focus on product expertise, technical services and MROP supply chain management.

Today, DXP is a publicly traded professional distribution management company that provides products and services to a variety of industries.

The following summarizes significant events since management acquired the Company in 1986.

• 1987 Purchased Shoreline Supply Company with the combined entity becoming the dominant industrial pump distributor in Texas, Louisiana, and New Mexico.
• 1990-1992 Purchased T. L. Walker Bearing Co., Jackson’s Industrial Supplies and Cunningham Bearing Co. which expanded product offering to include bearing and power transmission equipment.
• 1995 DXP acquired Bayou Pump Company in Arkansas expanding its geographic presence.
• 1996 Sepco acquired the assets of Austin Bearing Company, which expanded bearing and power transmission distribution market share in southern Texas.
• 1996 DXP was formed to effect a consolidation of Sepco Industries and Newman Communication Corporation pursuant to which DXP became a public Company.
• 1997 DXP acquired Pelican State Supply Company adding the safety and general mill product lines and expanded the geographic presence into Baton Rouge, Louisiana.
• 1997 DXP acquired Strategic Supply further adding to the general mill and safety product lines and providing the Company with a geographic presence in seven additional states and 24 cities. The acquisition also provided the original framework for the "SmartSource" integrated supply program.
• 1998 DXP acquired the assets of Tri-Electric and Lucky Electric adding electrical products to its offerings.
• 1998 Initial development of E-Commerce Platform.
• 1999 Sold valve and valve automation division due to inconsistencies with reengineered business model (acquisition prior to 1986).
• 2000 Implementation of reengineering plan begins with the consolidation of certain warehouse and customer service functions (Customer First Center) into Houston, Texas.
• 2000 Company leased 34,000 square foot distribution center in Houston, Texas, which serves as the Company's Ballistic Distribution Center (BDC).
• 2000 Internet business began operations in May 2000 with original product offerings including general mill and bearing power transmission equipment.
• 2001 Sold Tri-Electric due to inconsistencies in target market.
• 2002 Consolidation of operating systems completed. DXP reduced the number of operating systems from five to one.
• 2004 The James S. Kone and Company acquisition provided territory expansion and made DXP the exclusive Goulds distributor in the Texas panhandle and provided the opportunity to take all product offerings to the region.
• 2005 Rocky Mountain Compressor, Inc. acquisition which expanded DXP's technical services offering in the Rocky Mountain Region.
• 2005 (August) DXP acquired PMI, a Houston, Texas company that specializes in remanufacturing pumps and pumping equipment. The strategic acquisition added value to DXP’s Innovative Pumping Solution group by enabling the company to offer quick turnaround on a variety of pumping needs.
• The company expands its Ballistic Distribution Center in Houston, Texas by 20,000 square feet to 54,000 square feet.
• 2005 (December) DXP completed the acquisition of the R.A. Mueller Company founded in 1952. The acquired company is in the fluid transfer, mixing and metering business serving the Ohio, Indiana, Kentucky and West Virginia regions. The acquisition complied with DXP’s corporate strategy to increase shareholder returns by growing revenues internally and externally while maximizing profits.
• 2006 (April) DXP expanded its fabrication facility in Houston, Texas by 37,125 square feet to 78,375 square feet. This addition significantly increased DXP’s capacity to provide quality pumps and pump packages to its customers.
• 2006 (June) The strategic acquisitions of Production Pump and Machine Tech, west Texas companies that specialize in pumping equipment for all types of oilfield, pipeline and municipalities, strengthened DXP’s position in the upstream oil and gas and pipeline business.
• 2006 (October ) The acquisition of Safety International, a company providing safety and environmental consulting and training services as well as safety equipment sales, service and rental, added value by strengthening DXP’s safety positioning in the Odessa/Midland, Cleburne and panhandle areas of Texas. The acquisition also complemented the company’s pump business in those areas.
• 2006 (October) The strategic acquisition of Gulf Coast Torch and Regulator, a full service distributor of welding supplies in Houston, Texas, was completed. The acquisition complemented the company’s MROP, IPS and B2B units by adding product expertise and procurement cost savings in the welding area.
• 2006 (November) The strategic acquisition of Safety Alliance, a Farmington, New Mexico, company which provides safety and environmental consulting and training services as well as safety equipment sales and rental, was finalized. The acquisition, along with the recent addition of Safety International, positioned DXP to be a significant provider of high-end safety services in the energy and mining sectors.