DXP Expands Canadian Footprint with Mequipco Acquisition — DXP Enterprises, Inc.

Event summary

DXP Enterprises completed the acquisition of Mequipco Ltd. on August 1, 2026, funded with cash and DXP common stock.
Mequipco generated CAD $9.9 million in sales and CAD $2.4 million in adjusted EBITDA for the last twelve months ending June 30, 2026.
The acquisition provides DXP Water with a beachhead in Western Canada, including operations in British Columbia, Alberta, Saskatchewan, and Manitoba.

The big picture

DXP’s acquisition of Mequipco strengthens its position in the industrial distribution sector by providing a strategic entry point into Canada’s water and wastewater systems market. This move aligns with DXP’s broader mission to build a full-line product and service platform across North America, capitalizing on the growing demand for specialized mechanical equipment in municipal and industrial applications.

What we're watching

Integration Challenges: How DXP will blend Mequipco’s technical sales expertise with its existing operations to drive growth in Canada and the U.S.
Market Expansion: Whether DXP can leverage Mequipco’s supplier relationships to accelerate sales growth across North America.
Execution Risk: The pace at which DXP scales Mequipco while maintaining operational efficiency and customer service standards.