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BUSINESS ACQUISITIONS | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
BUSINESS ACQUISITIONS | BUSINESS ACQUISITIONS On February 1, 2020, the Company completed the acquisition of Turbo Machinery Repair (“Turbo”), a pump and industrial equipment repair, maintenance, machining and labor services company. The Company paid approximately $3.2 million in cash. For the six months ended June 30, 2020, Turbo contributed sales of $1.2 million. On January 1, 2020, the Company completed the acquisition of substantially all of the assets of Pumping Systems, Inc. (“PSI”), a distributor of pumps, systems and related services. The PSI acquisition was funded with a mixture of cash on hand as well as issuing DXP's common stock. The Company paid approximately $13.0 million in cash and stock. For the six months ended June 30, 2020, PSI contributed sales of $8.5 million.
Purchase Price Consideration |  | Total Consideration |  |
|  | (Dollars in millions) |  |
Cash payments |  | $ | 14.2 |  |
Fair value of stock issued |  |  | 2.0 |  |
Total purchase price consideration |  | $ | 16.2 |  |

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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