HARTWELL ENVIRONMENTAL CORPORATION acquired by DXP ENTERPRISES

The acquisition of Hartwell Environmental Corporation by DXP Enterprises is driven by a geographic expansion strategy, bolstering its presence in the Texas and Oklahoma markets through the integration of three new sites. This transaction, funded by equity, aims to consolidate DXP's position in the water and wastewater sector by enhancing its ability to meet client needs. DXP's acquisition strategy targets markets and corporate structures where it can add value, and the Hartwell acquisition aligns with this objective, enabling DXP to combine its technical offerings with Hartwell's expertise and local presence, resulting in an improved service portfolio for clients, with expanded coverage of five new markets and increased operational capabilities. DXP's management believes this transaction will strengthen their platform in the water and wastewater sector by leveraging Hartwell's skills and resources, thereby improving their market position, with a focus on delivering enhanced services to clients across an expanded geographic footprint, entering 5 new countries is not applicable in this context, however the company will increase its operational sites.

By taking control of Hartwell Environmental Corporation, Dxp Enterprises continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Cisco Air Systems in 2022.