Industrial Utility Efficiency    

Total Equipment Company Acquired by DXP Enterprises

Total Equipment Company (TEC), based in Coraopolis, PA, announced it has been acquired by DXP Enterprises, Inc. (DXP), a publicly traded professional distribution management company providing products and services through its pumping solutions, supply chain services, and MROP products and services. Financial terms of the transaction were not disclosed.

TEC will continue distributing and servicing fluid- and air-handling products in Pennsylvania, West Virginia, Ohio and beyond as an authorized Ingersoll Rand distributor. TEC will maintain their company name with established brand recognition in the Ohio River Valley region, employing a workforce of 125, operating out of five facilities. TEC’s senior management team will continue with Chuck Gerbe as senior account manager, Pat Manning as operations manager and Eric Solverson as sales manager.

Total Equipment Logo

DXP’s acquisition will support the continued growth of TEC, providing opportunities to grow its existing customer base, enhance business enterprise software, hiring new talent for its sales and service work force, and pursuing new growth and strategic opportunities.

“Total Equipment’s dedication to building long term relationships with our customers based on the highest levels of technical scope and expertise, application engineering and customer service is a great match for DXP’s goals of enhancing aftermarket and service capabilities along with furthering end market diversification efforts,” said Chuck Gerbe, Sr. Account Manager for TEC. “This strategic alignment with DXP Enterprises provides us a publicly traded backing, additional expertise, a national footprint and further security of Total Equipment’s presence as a market leader.”

 

About Total Equipment Company

For 39 years, Total Equipment Company has distributed and serviced fluid- and air-handling products for industries in Pennsylvania, West Virginia, Ohio and beyond. TEC distributes and services products from the most trusted brands in the industry. Our equipment is used in a variety of settings, including construction, mining and water/wastewater. Energy companies now rely on us to help them unearth the natural gas from our region’s Marcellus Shale. TEC has the largest inventory of pumps, compressors, blowers, mixers and mechanical seals in the region. We have the equipment to help you get the job done. For more information, visit www.totalequipment.com.

 

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. For more information, visit www.dxpe.com.