DXP Enterprises, Inc. has completed its acquisition of Mequipco Ltd., expanding its water-related business in Canada. The company says Mequipco, founded in 1974 and headquartered in Calgary, is now part of DXP’s operations. DXP positions the deal as establishing a “beachhead” for DXP Water in the Canadian market and extending DXP Water across western Canada.
According to the announcement, DXP Water’s presence after the acquisition includes Alberta, British Columbia, Saskatchewan, and Manitoba. DXP also describes the acquisition as supporting its strategy in the region, citing opportunities for attractive margins and cash flow. The sources indicate this is a completed acquisition, not a pending transaction.
No financial terms of the deal are included in the provided excerpt, and there is no additional detail in the supplied text about how Mequipco’s businesses will be integrated. Overall, the reporting consistently frames the transaction as a step to broaden DXP’s water division footprint in western Canada.
