DXP Enterprises Inc., a pumps and pumping equipment company, announced that it has completed acquisitions of two businesses: Riordan Materials Corporation, and Florida Valve & Equipment Corp. and Environmental MD (Florida Valve EMD).
Riordan provides products for water treatment, wastewater treatment, odor control, solids handling, pumping and biosolids processes in several states of the Northeast U.S.
Florida Valve EMD provides valve and related products and services for municipal water markets in the state of Florida.
“We are pleased to welcome the Riordan and Florida Valve employees to the DXP team,” said David R. Little, DXP chairman and CEO. “Both are well-run businesses focused on providing value-added products and services to the water market. Riordan will provide DXP’s Water division with new geographic territory and Florida Valve will provide enhanced product capabilities.”
The companies signed the definitive agreements on May 1, 2023.
“Our expertise in the water and wastewater market continues to accelerate along with depth and reach of the DXP Water platform,” said Saade Chibani, president of DXP Water. “We have now completed eight acquisitions over the last three years and look forward to continuing to build our presence. Riordan and Florida Valve strengthen our efforts and we look forward to our growth going forward.”