DXP Enterprises, Inc. Announces Acquisition of Pro-Seal, Inc.

HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisition of Pro-Seal, Inc. Founded in 1987, Pro-Seal is headquartered in Pontiac, Michigan, and operates out of two locations servicing the Great Lakes Region of the U.S. and all of Alaska.

The signing of the definitive agreement occurred on March 1, 2024. Sales and adjusted EBITDA for Pro-Seal for the last twelve months ending December 31, 2023, were approximately $19.9 million and $1.5 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items.