Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 99

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 99
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 Contingent consideration — 2,498 — 184 2,682 Total purchase price consideration — 11,733 — 1,686 13,419 Tangible assets acquired — 3,379 — 146 3,525 Intangible assets acquired — 2,142 — 385 2,527 Total assets acquired — 5,521 — 531 6,052 Total liabilities assumed — (2,260) — (141) (2,401) Net assets acquired — 3,261 — 390 3,651 Goodwill $ — $ 8,472 $ — $ 1,296 $ 9,768 2022 Acquisitions During the first quarter of 2022 the Company acquired two businesses for $9.0 million. We acquired these two businesses to diversify our end-markets and expand into new geographic territories. During the second quarter of 2022 the Company acquired a leading distributor of air compressors and related products and services for $52.3 million. We acquired this business to diversify our end-markets, enhance our product and service offerings, and attract and retain talent. During the third quarter of 2022, the Company acquired a leading distributor and manufacturers’ representative of pumps, valves, controls, and process equipment for $6.5 million. We acquired this company to expand our water and wastewater end- market, expand our geographic territories, expand our product offerings, and attract and retain talent. In aggregate, the acquisition-date fair value of the consideration transferred for the four businesses acquired in 2022 totaled $67.9 million. The four acquisitions contributed $41.5 million in Sales and $8.4 million in Net income attributable to common shareholders for the year ended December 31, 2022. The following table summarize the total consideration, the estimated fair values of the assets acquired and liabilities assumed at the acquisition date for the 2022 acquisitions: Q1 2022 Q2 2022 Q3 2022 Q4 2022 Total Total Acquisitions 2 1 1 — 4 Cash payments $ 5,832 $ 43,483 $ 4,615 $ — $ 53,930 Common stock consideration 527 4,365 865 — 5,757 Contingent consideration 2,689 4,484 1,027 — 8,200 Total purchase price consideration 9,048 52,332 6,507 — 67,887 Tangible assets