Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 91

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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5December 31, 2024Service Centers$793,446 $764,533 Innovative Pumping Solutions315,224 311,429 Supply Chain Services87,774 62,760 Total Reportable Segments Assets$1,196,444 $1,138,722 Corporate 215,950 210,772 Total Assets$1,412,394 $1,349,494 

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NOTE 12 - BUSINESS ACQUISITIONS

The Company enters into strategic acquisitions in an effort to better service existing customers and to attract new customers.The Company makes an initial allocation of the purchase price at the date of acquisition based upon its estimate of the fair value of the acquired assets and assumed liabilities. The Company obtains the information used for the purchase price allocation during due diligence and through other sources. The Company will reflect measurement period adjustments, if any, in the period in which the adjustments are recognized. Final determination of the fair values may result in further adjustments.During the first quarter of 2025, the Company acquired one business for a total of $12.9 million. We acquired this company to expand our platforms and to maintain our leading position as the largest distributor of rotating equipment in North America.During the second quarter of 2025, the Company acquired one business for a total of $1.0 million. We acquired this company to expand our geographic coverage and to maintain our leading position as the largest distributor of rotating equipment in North America.A summary of the preliminary allocation of the total purchase consideration of our business acquisition during the six months ended June 30, 2025 is presented as follows (in thousands): Q1 2025Q2 2025TotalTotal Acquisitions112  Cash payments $12,851 $1,009 $13,860 Total purchase price consideration $12,851 $1,009 $13,860 Tangible assets acquired8,030 909 8,939 Intangible assets acquired3,284 203 3,487 Total assets acquired$11,314 $1,112 $12,426 Total liabilities assumed(4,983)(508)(5,491)Net assets acquired6,331 604 6,935 Goodwill$6,520 $405 $6,925 The total purchase consideration related to our acquisitions for the six months ended June 30, 2025 consisted of cash consideration. The total cash and