DXP Enterprises is a U.S. and Canada MRO (maintenance, repair, and operating) distributor focused on industrial customers. DXP buys products directly from OEM manufacturers and sells directly to end users, positioning itself as a value-added distributor rather than a commodity reseller. The company's core product focus is rotating equipment — pumps, compressors, and motors — where DXP claims to be the largest distributor in North America. DXP also distributes bearings, power transmission products, industrial supplies, metalworking products, and safety products. DXP operates three segments: Service Centers (~68% of sales), which stocks over 60,000 SKUs and offers same-day delivery; Innovative Pumping Solutions (~19% of sales), which designs, engineers, and fabricates custom pump systems for energy and water/wastewater customers; and Supply Chain Services (~13% of sales), which embeds DXP personnel at customer sites to fully manage MRO procurement and storeroom operations. DXP's gross margins run around 31-32%, reflecting the value-added nature of the business. DXP's growth strategy combines organic expansion into new end markets like data centers and food and beverage with an active M&A program — 64 acquisitions since 2004 — targeting rotating equipment and water/wastewater pump businesses. Acquisitions serve a dual purpose: scaling the business and reducing cyclicality by diversifying away from oil and gas toward more stable end markets.