Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 96

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 96
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 to expand our water & wastewater end-market, enhance our aftermarket and service capabilities, as well as expand into new geographic territories. During the second quarter of 2024, the Company acquired a pump and rotating equipment distribution company for $81.5 million. We acquired this business as part of our growth strategy and to maintain our leading position as the largest distributor of rotating equipment in North America. During the third quarter of 2024, the Company acquired a rotating equipment distribution company for $36.8 million. We acquired this business to expand our water & wastewater end-market. During the fourth quarter of 2024, the Company acquired two businesses for a total of $9.8 million. We acquired these two businesses to expand our water & wastewater end-market and our product categories. The results for the seven businesses acquired during the year have been included in our Consolidated Financial Statements beginning on the respective dates of acquisition. Table of Contents 72

Purchase Price Allocation and Consideration In aggregate, the acquisition-date fair value of the consideration transferred for the seven businesses acquired in 2024 totaled $174.9 million. The seven acquisitions contributed $91.3 million in Sales and $19.1 million in Net income attributable to common shareholders for the year ended December 31, 2024. The following table summarizes the total consideration, the estimated fair values of the assets acquired and liabilities assumed at the acquisition date for the 2024 acquisitions: Q1 2024 Q2 2024 Q3 2024 Q4 2024 Total Total Acquisitions 3 1 1 2 7 Cash payments $ 40,661 $ 81,538 $ 31,564 $ 8,201 $ 161,964 Promissory Note due 11/1/ 2029 — — — 1,000 1,000 Contingent consideration 6,132 — 5,197 626 11,955 Total purchase price consideration 46,793 81,538 36,761 9,827 174,919 Tangible assets acquired 18,632 4,485 9,026 4,630 36,773 Intangible assets acquired 8,155 23,400 8,246 1,820 41,621 Total assets acquired 26,787 27,885 17,272 6,450 78,394 Total liabilities assumed (8,605) (2,652) (1,205) (745) (13