Moores Pump & Services, Inc. Has Been Acquired by DXP Enterprises, Inc. (NASDAQ: DXPE)
07.07.2025
HOUSTON, TEXAS (July 7, 2025) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the sale of Moores Pump & Services, Inc. (“Moores”), to DXP Enterprises, Inc. (NASDAQ: DXPE) (“DXP”). Statesman served as the exclusive financial advisor to Moores on this transaction, which closed on July 1, 2025.
Founded in 1972 and led by President Andrew Cormier and Vice President Scotty Roy, Moores is a pump and supply company providing equipment and services to onshore and offshore customers throughout the Gulf Coast region. The company is based in Broussard, Louisiana, and works with a range of major pump brands and systems. Moores’ operations include the installation, maintenance, and refurbishment of centrifugal pumps, positive displacement pumps, and turbine pumps. With in-house capabilities in pump sizing, machining, and fabrication, Moores supports a variety of system needs across its customer base, which includes independent operators and large oil and gas companies. In recent years, the company has participated in several capital projects while continuing to provide service and maintenance on existing equipment.
“We are pleased to announce the acquisition of Moores and welcome the employees of Moores to the DXP team. With Moores, we continue to build on our strategy of providing a breadth of technical products and services on the regional and local level,” said David Little, Chairman and Chief Executive Officer.
“Moores complements DXP’s end markets and enhances a geographic region we have historically served, adding scale and capabilities for us in the Gulf Coast region,” stated Kent Yee, Chief Financial Officer.
Statesman led the sale process for Moores, evaluating potential partners before the ownership selected DXP as the preferred strategic fit.
Moores will continue operating from its facility in Broussard, Louisiana, as part of DXP’s U.S.-based pump repair and remanufacturing network. It will remain focused on supporting customers through component restoration, pump remanufacturing, field and in-shop services, troubleshooting, and surface treatment capabilities.
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker-dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement included Sid Shaver, Senior Advisor, Will Jaco, Managing Member Peter Chiu, Director, and Marvin Hernandez, Analyst.
DXP Enterprises, Inc. (Houston, TX) Founded in 1908, the company is a publicly traded distributor and service provider specializing in industrial products and solutions. Headquartered in Houston, Texas, it operates through three primary segments: Service Centers, Innovative Pumping Solutions, and Supply Chain Services. The business offers a wide range of products, including pumps, bearings, power transmission equipment, and safety supplies, along with engineering, fabrication, maintenance, and repair services. It serves customers across various industries, including oil and gas, manufacturing, water treatment, and food and beverage, with a network of locations across the U.S., Canada, and select international markets.
Babineaux, Poche’, Anthony & Slavich, L.L.C. (Lafayette, LA) provided legal counsel to Moores, led by Shareholder Frank Slavich and Associate Sarah Dupont.
Norton Rose Fulbright US LLP. (Houston, TX) provided legal counsel to DXP, led by Senior Associate David Moore.
Arsement Redd Gardner Benoit, LLC (Lafayette, LA) provided tax and accounting counsel to Moores, led by Partner Steve Arsement.
