DXP Enterprises Announces Acquisition Of Hartwell Environmental Corporation; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
DXP Enterprises, Inc. (NASDAQ:DXPE) has acquired Hartwell Environmental Corporation, enhancing its presence in the water and wastewater industry in Texas and Oklahoma. The acquisition was funded with cash, and no financial terms were disclosed.
September 04, 2024 | 12:17 pm
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DXP Enterprises has acquired Hartwell Environmental Corporation, expanding its operations in the water and wastewater sector in Texas and Oklahoma. This strategic move is expected to enhance DXP's market presence and cash flow.
The acquisition of Hartwell Environmental Corporation by DXP Enterprises is a strategic move to enhance its market presence in the water and wastewater industry, particularly in Texas and Oklahoma. This is likely to positively impact DXP's cash flow and margins, as Hartwell is a leading representative in this sector. The use of cash from the balance sheet for funding indicates a strong financial position, which is favorable for investors.
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