Latest news with #Moores
National Post
07-07-2025
- Business
- National Post
DXP Enterprises, Inc. Announces Acquisition of Moores Pump & Services, Inc.
Article content Article content Article content HOUSTON — DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Moores Pump & Services, Inc. ('Moores'). Founded in 1972, Moores is headquartered and operates in Broussard, Louisiana, servicing the Gulf Coast region of the U.S. Moores is a leading provider of products and services including fabrication and repairs of rotating equipment and pumping systems. DXP funded the acquisition with cash from the balance sheet. '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. With the closing of Moores, we have completed three acquisitions in fiscal 2025. Each company provides DXP with exceptional management teams that enhance our ability to collaborate and serve our customers, vendors, and other stakeholders. These acquisitions are consistent with our growth strategy and demonstrate our commitment to expanding DXP as well as maintaining our leading position as the largest distributor of rotating equipment in North America,' commented David Little, Chairman, and Chief Executive Officer of DXP. Article content The signing of the definitive agreement occurred on July 1, 2025. Moores sales and adjusted EBITDA for the last twelve months ending May 30, 2025, were approximately $10.3 million and $1.8 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items. Article content Kent Yee, Chief Financial Officer, stated, '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. We have completed three acquisitions year-to-date which produced over $37.9 million in revenue in 2024. We look forward to executing further our acquisition strategy during the second half of 2025. We anticipate this acquisition to be accretive to earnings and further expand our Rotating Equipment division. This transaction will be positive for Moores and DXP's customers, employees, and shareholders.' Article content About DXP Enterprises, Inc. Article content DXP 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, Mexico, 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 supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP's business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to Article content The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, 'may,' 'will,' 'should,' 'intend,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'goal,' or 'continue' or the negative of such terms or other comparable terminology. For more information, review the Company's filings with the Securities and Exchange Commission. Article content
BBC News
29-05-2025
- Business
- BBC News
'Marathon' mindset helped transform Notts
Head coach Peter Moores says it has taken some "blind faith" and a "marathon" mindset to get Nottinghamshire to the top of the County Championship just months after they narrowly avoided are 10 points clear at the summit at the midway point of the red-ball four wins from seven games is already double the victories they managed in the competition last term when they escaped the drop on the penultimate day of their final match the former England head coach, who guided Nottinghamshire to promotion from Division Two as title winners in 2022, admits his side has exceeded expectations so far."We said to the group before we started that at the halfway stage the target was to be in the top three so we could have a go at it in the second-half," Moores told BBC Sport."To be top with a 10-point cushion really is a win more than we thought we would get." Moores has won the County Championship title twice as coach, with Sussex in 2003 and Lancashire in 2011, and said that Notts' approach to turning their fortunes around in recent months will be how they now go on to challenge for the trophy this summer."It's a long-haul," he said. "It's like a marathon because it just keeps coming, which is a bit like football's Premier League where you just have to keep playing well. "And you have to have trust, you have to have blind faith in some ways that by doing the work every day, by pitching up when someone else might not, that will pay you back at the end of the season. And it does. "The most committed, the most skilful and the most at-it sides are the ones that win the championship."This year is a chance to try achieve something really special and win a championship."There are some really good teams in the division - Surrey being the one that everyone feels they have to beat - but we have proven to ourselves that we are a really good team and we can take on anyone if we play to the potential we have in the last few weeks." Improving players and team When finishing third from bottom in County Championship and failing to get beyond the the group stage of either the T20 Blast or One-Day Cup competitions last season, those traits were not immediately obvious at Trent Bridge last Notts' top scorers this season - captain Haseeb Hameed and Ben Slater - are again leading the way with the Hutton, the County Championship's leading wicket-taker in 2023, has come back after an injury hit campaign to again lead the bowling attack with 24 scalps so Tongue, the England international that missed his entire first year with Nottinghamshire through injury, has claimed 15 wickets in three games. Teenage off-spinner Farhan Ahmed, who made his first-class debut last season, has also contributed 10 wickets to date."We thought we had a good team and the way we work at our place is something we call the skill factor," Moores said."We try get people better. We believe that getting better as individuals, it collectively makes the team better."The impact of international recruits has also been pivotal. All-rounder Fergus O'Neill was an instant hit during his short stint, taking 21 wickets, while Pakistan seam bowler Mohammad Abbas has replaced the Australian with equal effect, having taken 16 wickets in three pair are among the seven Notts bowlers to have already claimed five-wicket hauls this season - alongside Hutton, Tongue, Dillon Pennington, Liam Patterson-White and Lyndon James."A lot of different people have chipped in and we seem to find a way," Moores said."We have been in some tough situations, there is no doubt about that. But someone has either managed to pull us out of it or if there has been an opportunity to drive home a win, someone has found that extra bit to do it."With the bat, there have been seven century makers, with captain Hameed producing two, including a double is leading the way as the competition's top scorer, but Moores says he has crucially "got the balance right" as skipper after taking the job on last year."He has had a great start to the season but the the biggest credit I would give him is that as well as the batting is how he has captained," Moores said."He has managed to get the group together in a really good way. There is a real comradery with them, and that comes out with the way they play their cricket."
Yahoo
20-05-2025
- Business
- Yahoo
Explore Intel co-founder's historic S.F. estate for sale on 25 protected acres
The historic, longtime Northern California estate of Intel co-founder Gordon Moore hit the market Monday for $29.5 million. Moore and his wife Betty gifted their 25-acre Woodside property, called Mountain Meadow, to the nonprofit land conservation group Peninsula Open Space Trust, which is handling the sale, according to a representative of Compass real estate firm. Gordon and Betty Moore both died in 2023 at the age of 94 and 95, respectively. The couple paid $6 million for the property in 1993. The estate's 9,300-square-foot, six-bedroom Tudor Revival residence was built in 1927. Formal gardens, an orchard, redwood groves, oaks and ties to the 1850s redwood logging history are part of the secluded Bay Area property. Woodside is about 32 miles south of San Francisco, in San Mateo County. The Moores invested heavily in the property over the course of their ownership. They added more than $15 million in renovations and improvements aimed at transforming the property into a peaceful, long-term family retreat. 'Mountain Meadow was a refuge for the Moore family, a place of peace, and reflection and a deep connection to the rich landscape of the San Francisco Bay Area,' Eric Normington of POST said in a statement. 'It is ready for a new steward who shares the Moores' love of the natural world and who embraces this rare opportunity to become a part of the property's unique legacy.' The estate is permanently protected from large-scale development by a conservation easement. The Moores strove to source authentic period materials in order to maintain the original character of the property, such as decommissioning local homes of the same era to salvage window glass, fixtures, fittings and other architectural elements, according to Compass. The couple undertook a full overhaul of the residence's interior systems, replacing electrical, plumbing and HVAC systems. The home's exterior — roofing, siding and windows — was meticulously restored to reflect the home's historical design. 'There's a timelessness here,' listing agent Erika Demma of Compass said in an email. 'From the handcrafted architecture to the redwood groves and natural springs, every inch of this property feels intentional.' The land's legacy is deep, belonging to the Ohlone Lamchin people, and later a part of the Rancho Cañada de Raymundo land grant, according to Compass. An 1850s redwood sawmill exists at Mountain Meadow. Situated at 100 Cañada Road in one of the Bay Area's most exclusive communities, the property is adjacent to Filoli gardens and protected watershed lands. 'Properties like Mountain Meadow rarely come to market,' listing agent Hugh Cornish of Coldwell Banker said in a statement. 'Its layered history and enduring conservation protections make it truly unique.' Gordon Moore founded Intel in 1968 with Robert Noyce. The Moores owned another house in Hawaii, which is listed by Steve Hurwitz of Hawai'i Life for $21.9 million.
Yahoo
20-05-2025
- Sport
- Yahoo
‘World class': Stars' big announcement
It's two more for Peter Moores. The Melbourne Stars have locked the experienced coach in green for a further two years. Moores took the Stars to their first BBL finals campaign in five attempts despite starting the season 0-5 last summer. The Stars finished the season with five consecutive wins and were largely viewed as the championship favourite before they were eliminated in the first final. Moores, 62, has a vast coaching portfolio, including two stints as head coach of England. He is looking forward to pairing with captain Marcus Stoinis again and won't be 'putting a limit on' what they can accomplish in 2025-26. 'I'm absolutely thrilled to sign on for another two years,' Moores said. 'I've already experienced some incredible moments with the club and there was no better place to be last summer than the MCG when we got on a roll. 'It was a great reminder of what this club and our members and fans are capable of. 'I was so impressed with Marcus's leadership last year, and I expect he will only grow in that role again in BBL|15. 'Our list is in a really good place, and we've got a great opportunity to strengthen a couple of key areas in the upcoming draft. 'I'm not putting a limit on what we can all achieve together.' Newly appointed general manager Max Abbott says Moores' ability to maintain belief in the group last season despite a poor start is proof of his leadership. 'The feedback from all parts of the organisation has been overwhelmingly positive in the way Peter led the group as coach over the last two seasons,' Abbott said. 'You don't come back from a 0-5 start to make the finals without leadership in the dressing room and that is a testament to the way Peter was able to maintain camaraderie and belief within the playing group to turn the season around. 'Peter is a world-class coach and by maintaining continuity, we're confident the club can build on the momentum generated in the back-half of the season to hit the ground running in BBL15.' The Stars have a later pick in the draft this season and are set to be without Englishman Ben Duckett, who will be tied up on Ashes duties.
Yahoo
12-05-2025
- Business
- Yahoo
Raising a glass
May 12—MOSES LAKE — Moore Brewing Company hit a big milestone this week. The brewery and pub opened last May in the building formerly known as Broadway Bar & Grill, the Mighty Quinn, Barney Google's or the Southshore Restaurant, depending on how far back you remember. Its first birthday celebrations included live music, a ribbon-cutting, crafts and a birthday party for co-owner Chris Moore, wrapping up with two comedy shows by Tanyalee Davis. It's been an educational year, said Lorie Moore, Chris' wife and co-owner of the brewery. "Somebody asked us just the other day, 'Going into this, did you know that this was going to be all-life-consuming?' Lorie said. "And the answer was 'yes,' but deep down, the reality was 'yes, but no.'" The Moores came over from the west side in 2022 to visit friends, liked what they saw and stayed. They had dreamed of creating a small brewery ever since Chris and their son Zach Moore took up home brewing, and when they discovered the building about to be renovated, it was a perfect fit. Moore Brewing can turn out batches of 124 gallons of beer at a time, and a new batch takes about a week to create. As a result the list of beers on tap is continually changing. At the ribbon-cutting Wednesday, the list of beers included IPAs, blonde ales, a red ale, a coffee porter and a peach ale, among many others. The Moores have worked at integrating themselves and their business into the community. From the start they were active in the Downtown Moses Lake Association, which brings together the businesses in the downtown core. "I started volunteering with the DMLA," Lorie said. "They were always looking for volunteers for events. We participated right away at Brews & Tunes. The more I learned about them and the unique events to draw people into the downtown market, it just seems like a very logical partnership." Wednesday's event signified Moore Brewing's new membership in the Moses Lake Chamber of Commerce as well. The Chamber was a factor in Moore Brewing taking off as quickly as it did, Lorie said. "Right out of the gate, the Chamber scheduled a young professionals networking meeting, and that was absolutely fabulous," she said. "They had more attendees than they had the couple (of meetings) they had previously. What was really special for us is, even though we're a microbrewery, we do have a lot of other options than beer. Most of them had never been in before, and so they really experienced our food and that we had wine and ciders, but we also have a very broad variety of non-alcoholic beverages." One of Moore Brewing's best assets is the building's deck, which overlooks Moses Lake under a big shade tree. That means the owners have a strong interest in the condition of the lake water, which led them to collaborate with Ty Swartout on his Carp Classic, which is this Saturday. That's a bowfishing tournament that decreases the prevalence of blue-green algae in the lake by decreasing the carp population. Moore Brewing created a special beer in honor of the tournament, and donated $1.25 from each beer to the Carp Classic. That beer proved to be the most popular one they've produced, they said. "I'm not sure if it's because it was a fundraiser ... that moved the beer so fast, or if it was just a killer beer," Lorie said. "It's a light American lager, kind of like a Coors Banquet or something like that," Chris said. "But it has its own flavor to it." The beer raised $1,000 for the tournament, which the Moores presented to Swartout Wednesday. The brewpub has created a positive impression not just in Moses Lake but to travelers coming through, Lorie said. "Fifty percent of our clientele that we had last summer were passing by on I-90 and they googled Brewery and they found us," she said. "So it's a first impression that many people have of our great town."
