DXP Enterprises, Inc. has concluded its acquisition of Mequipco Ltd., using a combination of cash and shares to expand its DXP Water division. The transaction, completed on August 1, 2026, gives DXP a strategic foothold in Western Canada, allowing for future growth in the region and beyond.
Mequipco, a Calgary-based company that began operations in 1974, has been serving customers in Alberta, British Columbia, Saskatchewan, and Manitoba. It operates from three locations and acts as a leading manufacturer representative for water and wastewater equipment used in both municipal and industrial applications across Western Canada.
For the twelve months ending June 30, 2026, Mequipco generated pro-forma adjusted EBITDA of $2.4 million and sales of CAD $9.9 million. The EBITDA figure includes income before tax, interest, depreciation, amortization, and non-recurring expenses that are expected to be removed after the acquisition. These metrics highlight Mequipco’s strong financial performance and potential for integration into DXP’s operations.
David Little, Chairman and CEO of DXP, praised the acquisition as a strategic “beachhead” for DXP Water’s expansion into Canada. He emphasized that Mequipco offers an exceptional business model with a skilled technical sales team that will help scale DXP Water’s operations in the country and the United States. He also noted the long-term growth potential of the acquired business.
Brad Hussack, President of Mequipco, stated that the acquisition will enhance the company’s ability to execute marketing strategies more aggressively and serve customers more effectively. He also expressed excitement about the career development opportunities for Mequipco employees within DXP’s supportive and dynamic organization. He praised the company’s supplier relationships, which he said will continue to support both current and future operations.
Kent Yee, Chief Financial Officer of DXP, highlighted the synergy between Mequipco’s supplier network and DXP Water’s U.S. operations. He noted that the acquisition strengthens DXP’s platform by adding new resources and capabilities. Yee also emphasized the company’s focus on growing Mequipco and accelerating sales, which he said will benefit customers, employees, and shareholders.
About DXP Enterprises, Inc.
DXP Enterprises is a leading distributor of MROP (maintenance, repair, operating, and production) products and services in the United States, Canada, Mexico, and Dubai. The company offers innovative pumping solutions, supply chain services, and technical support, utilizing deep product knowledge and expertise in rotating equipment, bearings, power transmission, metal working, and safety products.
DXP’s business structure includes three core segments: Service Centers, Innovative Pumping Solutions, and Supply Chain Services. The company is customer-driven and focused on building a competitive edge through strategic acquisitions like the Mequipco deal. By expanding its footprint in Canada, DXP aims to reinforce its role as a comprehensive, full-line product and service provider across North America.
For more information about DXP Enterprises and its services, visit the company’s official website at www.dxpe.com.
The acquisition of Mequipco marks a significant step in DXP Enterprises’ mission to grow its DXP Water division and achieve greater market presence in Canada.