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DXP Announces Pricing of Public Offering of Stock

October 26, 2016


DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that it has priced a primary public offering of 2,160,000 shares of its common stock at a public offering price of $19.70 per share.

The size of the offering was decreased by 540,000 shares of common stock from the previously announced offering size of 2,700,000 shares. In connection with the offering, DXP granted the underwriter a 30-day option to purchase up to an additional 324,000 shares of common stock on the same terms. DXP intends to use the net proceeds from this offering to pay down outstanding borrowings under its credit facility. The offering is expected to close on October 31, 2016, subject to customary closing conditions.

Stephens Inc. is serving as the sole book-running manager for the offering and William Blair & Company, L.L.C. and KeyBanc Capital Markets Inc. are serving as co-managers for the offering.

This press release does not constitute an offer to sell or the solicitation of offers to buy any securities of DXP being offered, and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering is being made pursuant to an effective shelf registration statements on Form S-3 previously filed by the Company with the Securities and Exchange Commission (the “SEC”). Before investing, investors should read the prospectus in those registration statements and the related prospectus supplement to be filed with the SEC for more complete information about the Company and the offering. Copies of the prospectus supplement and the accompanying prospectus will be available by visiting the SEC’s website at or from Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Prospectus Department (1-800-643-9691).

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