<SEC-DOCUMENT>0001193125-16-705525.txt : 20160908
<SEC-HEADER>0001193125-16-705525.hdr.sgml : 20160908
<ACCEPTANCE-DATETIME>20160908172356
ACCESSION NUMBER:		0001193125-16-705525
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160908
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160908
DATE AS OF CHANGE:		20160908

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DXP ENTERPRISES INC
		CENTRAL INDEX KEY:			0001020710
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
		IRS NUMBER:				760509661
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0727

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21513
		FILM NUMBER:		161877173

	BUSINESS ADDRESS:	
		STREET 1:		7272 PINEMONT DRIVE
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040
		BUSINESS PHONE:		7139964700

	MAIL ADDRESS:	
		STREET 1:		7272 PINEMONT DRIVE
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDEX INC
		DATE OF NAME CHANGE:	19960808
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d253337d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>Form 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT
TO SECTION 13 OR 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (date of earliest event reported): September 8, 2016 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission file number 000-21513 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>DXP
Enterprises, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Texas</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>76-0509661</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction of incorporation or organization)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(I.R.S. Employer Identification Number)</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>7272 Pinemont, Houston, Texas 77040</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(713) 996-4700</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Registrant&#146;s telephone number, including area code.</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 8.01.&nbsp;Other Events. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On September 8, 2016, DXP Enterprises, Inc. (the &#147;Company&#148;) filed a prospectus supplement, dated September 8, 2016 (the &#147;Prospectus
Supplement&#148;), with the U.S. Securities and Exchange Commission (the &#147;Commission&#148;) pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), in connection with the offering and sale by
the Company of up to an aggregate of $25,000,000 worth of shares of the Company&#146;s common stock, par value $0.01 per share (the &#147;Offered Stock&#148;), pursuant to that certain Equity Distribution Agreement dated December 4, 2015 by and
among the Company, Liquidnet, Inc. and BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC.&nbsp;The Prospectus Supplement supplements the base prospectus included in the Company&#146;s Registration Statement on Form S-3 (File No.
333-213227) (the &#147;Registration Statement&#148;), filed by the Company with the Commission under the Securities Act, and declared effective by the Commission on August 26, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A copy of the opinion of Norton Rose Fulbright US LLP with respect to the validity of the Offered Stock is attached as Exhibit 5.1 to this Current Report on
Form 8-K.&nbsp;This Current Report on Form 8-K is being filed for the purpose of filing Exhibits 1.1, 5.1 and 23.1 as exhibits to the Registration Statement, and such exhibits are hereby incorporated by reference into the Registration Statement.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 9.01.&nbsp;Financial Statements And Exhibits </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d)&nbsp;<I>Exhibits.</I> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;1.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Equity Distribution Agreement dated December 4, 2015 by and between DXP Enterprises, Inc., Liquidnet, Inc. and BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC (incorporated by reference to Exhibit 1.1 on the
Company&#146;s Current Report on Form 8-K filed with the SEC on December 4, 2015).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;5.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Norton Rose Fulbright US&nbsp;LLP.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Norton Rose Fulbright US&nbsp;LLP (the consent of Norton Rose Fulbright US&nbsp;LLP to the use of their opinion filed as Exhibit&nbsp;5.1 hereto and the reference to their firm in the Registration Statement is contained
in such opinion).</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURE </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">DXP ENTERPRISES, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">September 8, 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Mac McConnell</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Mac McConnell</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President/Finance, Chief Financial</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Officer and Secretary</P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INDEX TO EXHIBITS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:38.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I>Exhibit&nbsp;No.</I></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:38.15pt; font-size:8pt; font-family:Times New Roman"><B><I>Description</I></B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;1.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Equity Distribution Agreement dated December 4, 2015 by and between DXP Enterprises, Inc., Liquidnet, Inc. and BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC (incorporated by reference to Exhibit 1.1 on the
Company&#146;s Current Report on Form 8-K filed with the SEC on December 4, 2015).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;5.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Norton Rose Fulbright US&nbsp;LLP</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Norton Rose Fulbright US&nbsp;LLP (the consent of Norton Rose Fulbright US&nbsp;LLP to the use of their opinion filed as Exhibit&nbsp;5.1 hereto and the reference to their firm in the Registration Statement is contained
in such opinion).</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>d253337dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Exhibit 5.1</B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September&nbsp;8, 2016</P>
<P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DXP Enterprises, Inc.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7272 Pinemont Drive</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Houston, Texas 77040</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="justify">


<IMG SRC="g253337g91y48.jpg" ALT="LOGO">
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Norton Rose Fulbright US LLP</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">1301 McKinney, Suite 5100</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Houston, Texas 77010-3095</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">United States</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Tel +1 713 651 5151</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Fax +1 713 651 5246</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">nortonrosefulbright.com</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We have acted as counsel to DXP Enterprises, Inc., a Texas corporation (the &#147;<U>Company</U>&#148;), in connection with the
proposed issuance and sale by the Company of common stock, par value $0.01, having an aggregate gross sale price of up to $25,000,000 (the &#147;<U>Common Stock</U>&#148;). The Common Stock is to be issued pursuant to the registration statement on
Form <FONT STYLE="white-space:nowrap">S-3</FONT> (Registration No.&nbsp;333-213227) (the &#147;<U>Registration Statement</U>&#148;), filed with the Securities and Exchange Commission (the &#147;<U>Commission</U>&#148;) by the Company on
August&nbsp;19, 2016, including the base prospectus contained therein, and the prospectus supplement (the &#147;<U>Prospectus Supplement</U>&#148;) filed with the Commission on September&nbsp;8, 2016 relating to the offering of the Common Stock.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As counsel to the Company, we have examined such corporate records, documents and questions of law as we have deemed
necessary or appropriate for the purposes of this opinion. In such examinations, we have assumed the genuineness of signatures and the conformity to the originals of the documents supplied to us as copies. As to various questions of fact material to
this opinion, we have relied upon statements and certificates of officers and representatives of the Company. Without limiting the foregoing, we have examined the Equity Distribution Agreement (the &#147;<U>Distribution Agreement</U>&#148;), dated
December&nbsp;4, 2015 between the Company, Liquidnet, Inc., and BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Based upon the foregoing, and subject to the limitations, qualifications, assumptions and exceptions stated herein, we are of
the opinion that when issued and paid for in the manner contemplated by the Distribution Agreement, the Common Stock will be legally issued, fully paid and nonassessable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The opinions expressed herein are limited exclusively to the laws of the State of Texas and the federal laws of the United
States of America, and we are expressing no opinion as to the effect of the laws of any other jurisdiction. We hereby consent to the filing of this opinion as an Exhibit to the Registration Statement and to the references to us under &#147;Legal
Matters&#148; in the Prospectus Supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours, </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="97%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Norton Rose Fulbright US LLP</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Norton Rose Fulbright US LLP</TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose
Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose Fulbright Verein helps coordinate the activities of the members but does not itself provide legal
services to clients. Details of each entity, with certain regulatory information, are available at nortonrosefulbright.com. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g253337g91y48.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g253337g91y48.jpg
M_]C_X  02D9)1@ ! 0$ W #<  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1"  A 28# 2(  A$! Q$!_\0
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MBL/Q+\2M \&31QZQK6DZ5),NZ-;N[CA,@[D!B,BI--\?Z+K6F2WUGJVF75E
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MCY<X(YX# @@=:O+Z:A*E.W*G"6J^TWT?HMNYCQ1B*N*CC:$:GM94ZU)\C?\
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M_P!A2?\ ]EHHK[2M_OM/TE^A^&X+_D1XK_'3_P#;SW+6/^0=+_NFOQY\:_\
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H?_0DHHKEE_R+W_B?_I9V1_Y*:'^!?^F3Z'3[@^E%%%?3QV1^9Q/_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
