Founded in 1968, Arroyo operates out of three locations servicing northern, central, and southern Florida, and surrounding markets.
“Arroyo adds another great company to our rotating equipment platform and furthers our vision around being the leading North American rotating equipment company,” said David Little, chairman and CEO of DXP Enterprises. “Arroyo provides DXP with exceptional sales expertise that will enhance our efforts and ability to collaborate and serve our customers and grow DXP further. Arroyo provides us with a clear leader in Florida.”
“Arroyo’s expertise and strategic presence in Florida will complement DXP's breadth of technical products and services. This transaction will not only allow us to continue with our existing marketing strategies, but also gives us notable talent as we continue to find resources to serve our customers better,” added Little.
Kent Yee, chief financial officer, said: “We continue to execute on our strategy of making acquisitions in markets and business models where we can continue to enhance DXP. Arroyo continues to diversify DXP’s end markets and provides scale in Florida, a market we have not historically served well.”
