Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 87

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 87
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 $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 2024Q2 2024Q3 2024Q4 2024TotalTotal Acquisitions31127Cash payments$40,661 $81,538 $31,564 $8,201 $161,964 Promissory Note due 11/1/ 2029— — — 1,000 1,000 Contingent consideration6,132 — 5,197 626 11,955 Total purchase price consideration46,793 81,538 36,761 9,827 174,919 Tangible assets acquired18,632 4,485 9,026 4,630 36,773 Intangible assets acquired8,155 23,400 8,246 1,820 41,621 Total assets acquired26,787 27,885 17,272 6,450 78,394 Total liabilities assumed(8,605)(2,652)(1,205)(745)(13,207)Net assets acquired18,182 25,233 16,067 5,705 65,187 Goodwill$28,611 $56,305 $20,694 $4,122 $109,732 The total cash and cash equivalents acquired for these seven acquisitions was $5.5 million. Transaction-related costs included within selling, general, and administrative expenses in the consolidated statements of operations was $1.6 million for the twelve months ended December 31, 2024. The goodwill total of approximately $109.7 million is attributable primarily to expected synergies and the assembled workforce of each entity of which $22.6 million is deductible for tax purposes and $87.1 million is not deductible for tax purposes. Goodwill assigned to our SC and IPS segments as a result of these transactions was $66.2 million and $43.5 million, respectively.Of the $41.6 million of acquired intangible assets, $2.3 million was provisionally assigned to non-compete agreements that are subject to amortization over 5 years and $3.7 million was assigned to trade