Business
DXP Enterprises Completes Auditor Transition Plan and Engages PricewaterhouseCoopers LLP
HOUSTON--(BUSINESS WIRE)-- DXP Enterprises, Inc. (NASDAQ: DXPE) on Friday, March 25, 2022, announced its Audit Committee selected PricewaterhouseCoopers LLP
About this update from Dxp Enterprises, Inc.
[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nDXP Enterprises, Inc. (NASDAQ: DXPE) on Friday, March 25, 2022, announced its Audit Committee selected PricewaterhouseCoopers LLP as its independent registered public accounting firm for the 2022 fiscal year.\n\nOn March 23, 2022, the Audit Committee informed McConnell & Jones LLP (“McConnell Jones”) of this decision. McConnell Jones will continue in its capacity through the completion of is audit services for the fiscal year ending December 31, 2021, and the filing of DXP’s 2021 Form 10-K.\n\nKent Yee, CFO, added, “First, I want to thank McConnell & Jones for working with us to get our third quarter and fiscal 2021 done in a timely manner given the unusual circumstances. The team from McConnell Jones handled everything with the utmost professionalism, diligence, and candor. Their breadth of experience and team depth has been evident. It was extremely refreshing. As discussed back in November, DXP’s auditor transition plan has been about the future of DXP and to align with our vision and goals for the finance and accounting function. Since 2017, we have been focused on ensuring we were building a finance and accounting team, capabilities and function that would support and propel DXP into becoming a multi-billion-dollar company. This plan is centered around continuous improvement in people, accounting processes and technology to support the variety of businesses that are integral to DXP. We look forward to our growth and improvement.”\n\nGene Padgett, CAO added, “We have talked about aligning service providers and tools befitting DXP from day one. We are at one of those inflection points and we are excited to push forward and continue to raise the bar. We have work to do around accounting processes and technological tools, but we are well on our way and remain excited about the future.”\n\nAbout DXP Enterprises, Inc.\n\nDXP 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 and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (\"MROP\") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial suppli...