DXP Enterprises Obtains Mid-Continent Safety

To buy distributor of safety instrumentation, fall and hand protection and other related safety products to customers in the U.S. Midwest oil and gas industry, gaining 3 locations in KS, NE & OK.

DXP Enterprises Inc., Houston, (Nasdaq: DXPE) has purchased substantially all the assets of Wichita, Kan.-based Mid-Continent Safety LLC for an undisclosed price.

Mid-Continent Safety is a distributor of safety products in the Midwest that operates out of three locations in Kansas, Nebraska and Oklahoma. Mid-Continent provides safety instrumentation, fall and hand protection and other related safety products to customers in the oil and gas, refining, power and general industrial markets.

DXP Enterprises chief executive David Little says, “Mid-Continent is a professional, well-run business focused on providing solutions to its customers. Mid-Continent will expand DXP's Safety Services division and allow us to continue to serve our customers' evolving needs. Mid-Continent is a great company with high caliber people.”

DXP senior vice president Kent Yee says, “Mid-Continent strengthens our North Central region, complements DXP's end markets and adds further scale to our Safety Services division. We anticipate this acquisition to be accretive to earnings and further expands our safety products and services platform.”