Date: 2013-08-01

DXP Enterprises, Inc. Announces the Acquisition of PFI, LLC

DXP Enterprises, Inc. DXPE announced today the completion of the acquisition of PFI, LLC. The purchase price of approximately $65 million was financed with borrowings from a new $200 million senior credit facility.

The acquired business is headquartered in Massachusetts and operates out of locations in Georgia, North Carolina, Illinois, Ohio, Texas, California, Massachusetts and Florida. PFI, LLC distributes fasteners, rivets and hose clamps.

The sales and EBITDA (earnings before interest, taxes, depreciation and amortization) for the acquired business for the year ended May 3, 2008 were approximately $71.9 million and $13.3 million, respectively. EBITDA was calculated as income before tax of approximately $10.8 million, plus interest of approximately $2.2 million, plus depreciation and amortization of approximately $0.3 million.

Mac McConnell, Chief Financial Officer, stated,

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