DXP Enterprises Inc, a distributor of industrial products and services, has expanded its credit facility by $50 million and acquired Louisiana-based Moores Pump & Services, Inc., as the company continues to grow its regional footprint and strengthen its position in the rotating equipment market.
According to DXP, the company amended an existing credit agreement to increase its total revolving borrowing capacity from $135 million to $185 million. Of that amount, $175 million is allocated to its U.S. operations and $10 million to Canadian business units.
“This is about putting ourselves in position to grow faster and smarter,” said CEO David Little, in the company’s official statement. “With this added capacity, we’re focused on finishing 2025 strong and pushing for even more growth in 2026.”
The company cited continued growth in recent years as justification for the expansion. Revenue nearly doubled from $1 billion in 2020 to $1.9 billion for the 12-month period ended March 31, 2025. Adjusted EBITDA rose from $64.9 million to $212.8 million over the same period, according to DXP’s quarterly earnings release on May 9, 2025.
“This gives us more runway to make smart investments—whether in new businesses, technology, or infrastructure,” said chief financial officer Kent Yee.
The amended agreement retains its original terms and was executed with DXP’s existing lenders. The company did not disclose specific use cases for the added funds but noted they support its general growth and acquisition strategy.
Also on July 1, DXP completed the acquisition of Moores Pump & Services, Inc., a Broussard, Louisiana-based company that provides rotating equipment and pump system services to industrial and energy customers along the Gulf Coast. The acquisition was funded with cash on hand, and financial terms were not disclosed.
Moores, founded in 1972, generated approximately $10.3 million in revenue and $1.8 million in adjusted EBITDA over the 12-month period ending May 30, according to the company’s press release.
“This acquisition complements DXP’s end markets and enhances a geographic region we have historically served,” Yee said. “It adds scale and capabilities to our rotating equipment division.”
This marks DXP’s third acquisition of fiscal 2025. The combined annual revenue contribution of the year’s acquisitions totals more than $37.9 million, the company reported.
Moores will be integrated into DXP’s rotating equipment division, which specializes in the sale, engineering, and maintenance of pumps, compressors, and related systems.
DXP Enterprises is headquartered in Houston and operates across North America and select international markets. It serves customers through three primary segments: service centers, innovative pumping solutions, and supply chain services. The company’s core offerings include rotating equipment, bearings, metalworking, power transmission components, and industrial safety products.
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