DXP Enterprises, Inc. (NASDAQ: DXPE) operates through their subsidiaries to engage in the distribution, maintenance, repair, and operation of products, equipment, and services to industrial customers in the United States. The company works through their Innovative Pumping Solutions (IPS), Supply Chain Services, and MROP (maintenance, repair, operating and production) products and services to assist companies in a variety of industries. Founded as Southern Engine and Pump Company in 1908, DXP was re-chartered in 1979 as Sepco Industries and later renamed DXP Enterprises, Inc. in 1986.
The company operates within two segments, the MRO and electrical contractor divisions. In the MRO segment, products, equipment, and integrated services are provided to industrial customers consisting of technical design expertise and logistics capabilities. It provides various MRO products in the fluid handling equipment, bearing, power transmission equipment, general mill, safety supply, and electrical products categories, as well as offering integrated services, such as system design, fabrications, installations, repair, and maintenance.
The electrical contractor segment sells various electrical products, such as wire conduit, wiring devices, electrical fittings and boxes, signaling devices, heaters, tools, switch gear, lighting, lamps, tape, lugs, wire nuts, batteries, fans, and fuses to electrical contractors.
DXP offers their innovative pumping solutions, which are backed by a century’s worth of experience, and provides a single source for engineering, systems design, and fabrication of custom pump packages. The company’s engineering staff provides technical expertise that covers everything from pump selection to installation, and all aspects in between. DXP, PMI, Production Pump and Machine Tech combine to improve on customer service, and repair and package-pump needs for any pump and fiberglass application.
Managing the MROP supply chain can be one of the most expensive processes. DXP offers total MROP and outsourcing solutions to help their customers reduce costs and increase efficiencies through their custom-tailored programs such as on-site stores, consigned and vendor-managed inventory, and planned, proactive, and buying agreements. DXP has established itself as an elite industrial distributor in the nation partnering with some of the most recognized and dependable manufacturers in the industry.
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