DXP Enterprises acquires Alaskan pump distributor

Founded in 1978, Alaska Pump serves customers in the oil & gas, petrochemical, municipal, power generation, marine and industrial markets. The company is based in Anchorage, Alaska, and employs 26 people. Alaska Pump had sales of US$16.1 million for the year ended 31 May 2013, and adjusted EBITDA of approximately US$2.4 million.

DXP Enterprises CEO David Little said: “With Alaska Pump, we continue to build on our strategy of providing a breadth of technical products and services on the regional and local level. Alaska Pump will expand DXP’s Rotating Equipment division within a new market for DXP and allow us to continue to serve our customers' evolving needs.”