DXP Enterprises decreases at-the-market sale of stock to $25 million

Liquidnet and BB&T Capital assist; deal to finance corporate purposes

By Devika Patel

Knoxville, Tenn., Sept. 8 – DXP Enterprises, Inc. amended its at-the-market equity offering with agents Liquidnet, Inc. and BB&T Capital Markets to raise $25 million on Sept. 8, according to an 8-K and prospectus supplement filed Thursday with the Securities and Exchange Commission. The offering was announced for $50 million in December.

The agents will be paid a 2.5% commission.

Proceeds will be used for general corporate purposes.

DXP is a Houston-based distributor of maintenance, repair, and operating products, equipment and services to industrial customers.

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