Vertex Distribution, a portfolio company of The Watermill Group was acquired by DXP Enterprises, Inc. The principals of Quarton Partners acted as the exclusive financial advisor to Vertex Distribution and The Watermill Group in managing the sale process.
Vertex Distribution is a leading North American master distributor of industrial bolts, screws, nuts, washers, rivets and hose clamps that are offered in both inch and metric dimensions. The Company’s inch products are comprised primarily of corrosion-resistant alloys, while the metric line includes both corrosion-resistant and ferrous fastener products. Vertex’s headquarters are located in Massachusetts, and the Company maintains additional distribution sites in Georgia, North Carolina, Illinois, Ohio, Texas, California and Florida.
DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Dubai and Mexico. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (“MROP”) services that emphasize and utilize DXPs vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, cutting tools, industrial supplies and safety products and services. DXP’s breadth of MROP products and service solutions allows DXP to be flexible and customer driven, creating competitive advantages for our customers. DXPs business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services.