Company: DXPE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050322
Chunk: 92

Company: DXP ENTERPRISES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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— 683 683 Total purchase price consideration $12,981 $1,027 $11,599 $25,607 Tangible assets acquired8,160 927 5,219 14,306 Intangible assets acquired3,284 203 2,305 5,792 Total assets acquired$11,444 $1,130 $7,524 $20,098 Total liabilities assumed(4,983)(508)(1,179)(6,670)Net assets acquired6,461 622 6,345 13,428 Goodwill$6,520 $405 $5,254 $12,179 The total purchase consideration related to our acquisitions for the nine months ended September 30, 2025 consisted primarily of cash consideration. The total cash and cash equivalents acquired for these acquisitions was $1.2 million. Transaction-related costs included within selling, general, and administrative expenses in the consolidated statements of operations was $1.0 million for the nine months ended September 30, 2025.The goodwill total of approximately $12.2 million for the nine months ended September 30, 2025 assigned to our SC segment was primarily attributable to expected synergies and the assembled workforce of the entities. The total amount of goodwill expected to be deductible for tax purposes is $11.8 million.The acquisitions' operating results are included within the Company's consolidated statements of operations from the date of acquisition, which were not material for the nine months ended September 30, 2025. Pro forma results of operations information have not been presented, as the effects of the acquisitions were not material to our financial results. 

Of the $5.8 million of acquired intangible assets, $0.3 million was provisionally assigned to non-compete agreements that are subject to amortization over 5 years, and $5.5 million was assigned to customer relationships and will be amortized over a period of 8 years. 

NOTE 13 - SHARE REPURCHASES

On December 15, 2022, the Company announced a Share Repurchase Program pursuant to which it may repurchase up to $85.0 million worth, or 2.8 million shares, of the Company's outstanding common stock over the next 24 months from the date of the announcement. The Company completed the program in August 2024.

17

On August 28, 2024, the Company announced