DXP Enterprises, Inc (NASDAQ: DXPE) announced today that it has finalized the purchase of Triangle Pump & Equipment, Inc. Founded in 1975 and based in Ridgefield, Washington, Triangle specializes in pump and process equipment distribution with a strong focus on the water and wastewater sectors, including industrial applications and aftermarket service. The transaction was funded using cash on hand.
“The addition of Triangle strengthens our presence in the water market and expands our footprint into new regions,” said David R. Little, Chairman and Chief Executive Officer of DXP Enterprises. “Triangle brings strong differentiation, technical expertise, and a skilled team that aligns well with DXP’s growth strategy.”
The definitive agreement was executed on November 1, 2025. For the twelve months ending June 30, 2025, Triangle reported sales of approximately $15.1 million and adjusted EBITDA of approximately $2.4 million. Adjusted EBITDA reflects income before taxes, interest, depreciation, amortization, and non-recurring expenses.
“We are pleased to welcome Triangle’s team as we continue building DXP Water into a comprehensive product and service platform supporting municipal and industrial water treatment markets,” said Kent Yee, Chief Financial Officer. “This acquisition supports our long-term growth strategy and positions us well as we enter 2026 with continued momentum.”
DXP Enterprises is a leading distributor of industrial products and services, supporting customers across the United States, Canada, Mexico, and Dubai. The company delivers pumping solutions, supply chain services, and maintenance, repair, operating, and production (MROP) support backed by deep technical expertise in rotating equipment, power transmission, metalworking, bearings, and safety products. DXP operates through three business segments: Service Centers, Innovative Pumping Solutions, and Supply Chain Services.
