• Furthers and continues to scale DXP’s National Rotating Equipment efforts
• Establishes meaningful presence in Florida
• Continues to accelerate end market diversification

HOUSTON–(BUSINESS WIRE)–#acquisitions—DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Arroyo Process Equipment (“Arroyo”). Founded in 1968, Arroyo is headquartered in Bartow, Florida and operates out of three locations servicing northern, central, and southern Florida, and surrounding markets.

Arroyo is a leading distributor of pumps, process equipment, and related service and repairs focused on serving the asphalt, mining, industrial water, chemical and other industrial markets. DXP funded the acquisition with cash from the balance sheet.

“We are pleased to announce the acquisition of Arroyo Process Equipment. We have always respected and followed Arroyo’s success over the years. Arroyo adds another great company to our rotating equipment platform and furthers our vision around being the leading North American rotating equipment company. Arroyo provides DXP with exceptional sales expertise that will enhance our efforts and ability to collaborate and serve our customers and grow DXP further. Arroyo provides us with a clear leader in Florida,” commented David Little, Chairman, and Chief Executive Officer of DXP.

The signing of the definitive agreement occurred on January 31, 2025. Sales and adjusted EBITDA for Arroyo for the last twelve months ending December 31, 2024, were approximately $26.3 million and $1.3 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items less go-forward selling costs.

“Arroyo’s expertise and strategic presence in Florida will complement DXP’s breadth of technical products and services. This transaction will not only allow us to continue with our existing marketing strategies, but also gives us notable talent as we continue to find resources to serve our customers better,” added David Little.

Kent Yee, Chief Financial Officer, stated “We are very excited to have Arroyo as a part of DXP. We have dialogued for some time and welcome Arroyo’s talented and hardworking employees to the DXP team. We continue to execute on our strategy of making acquisitions in markets and business models where we can continue to enhance DXP. Arroyo continues to diversify DXP’s end markets and provides scale in Florida, a market we have not historically served well. This transaction will be positive for Arroyo and DXP’s customers, employees, and shareholders.”

About DXP Enterprises, Inc.

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 www.dxpe.com.

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.

Contacts

Kent Yee

Senior Vice President CFO

713-996-4700 – www.dxpe.com

DEERFIELD BEACH, Fla.–(BUSINESS WIRE)–#ExecutiveProtection–Prosegur Security, a global leader in security solutions, is proud to announce a strategic partnership with Clandestine Development, Inc., DBA-Kinetic Global, a leader in critical event management and risk intelligence. This collaboration will provide clients with advanced access to Kinetic Global’s Critical Event Management (CEM) platform modules, enhancing risk mitigation and intelligence capabilities.

Operating across 175 countries, Kinetic Global delivers a comprehensive approach to emergency and incident management. Through this partnership, Prosegur’s Global Risk Services division will integrate Kinetic Global’s solutions into its Virtual Security Operations Center (vSOC). The vSOC combines cutting-edge technology, intelligent data processing, and expert analysts to provide remote security management and business process oversight.

Prosegur’s clients will gain access to an extensive suite of CEM modules through Kinetic Global’s platform. These tools, available on both web and mobile platforms, will enhance preparedness, compliance, communication, and risk intelligence, ensuring the safety of employees worldwide.

“This partnership between two prominent security industry leaders marks a significant milestone in the evolving landscape of security. Combining Prosegur’s Global Risk Services network and Kinetic Global’s technology-driven solution for global emergency and incident management will deliver cutting-edge solutions to mitigate risk. This strategic partnership enables us to leverage Prosegur’s global reach, ensuring our clients can safeguard their employees worldwide with unparalleled precision and reliability,” stated Peter Cahill, CEO of Kinetic Global.

Through this collaboration, Kinetic Global will deliver smarter, technology-driven services, including pre-travel safety advice, risk reduction techniques, and real-time medical and security support for both domestic and international locations. This integration ensures corporate security managers have the necessary insights and control to fulfill their duty of care responsibilities through a seamless, unified platform.

Kinetic Global’s CEM platform consists of eight primary modules, each with a variety of customizable features under a single integrated software solution. Recognizing the diverse needs of global enterprises, these modules can be configured to integrate seamlessly with Travel Management Companies and HRIS systems, allowing for tailored security solutions.

“The integration of Kinetic Global’s CEM platform modules with Prosegur’s vSOC capabilities marks a significant step forward in our mission to empower global enterprises with the insights and control needed to navigate today’s dynamic risk environment,” said Robert Dodge, CEO of the Global Risk Services, a division of Prosegur Security.

“Through this collaboration, we are committed to delivering a suite of solutions that not only mitigate risks but also enhance business resilience, ensuring our clients have the most advanced tools to protect their people and assets,” added Dan Bissmeyer, Senior Vice President of Global Risk Services at Prosegur Security.

Prosegur remains dedicated to providing global enterprises with cutting-edge security solutions that enhance operational safety. By leveraging its extensive global network, advanced analytics, and expert security professionals, Prosegur ensures that clients have the necessary resources to navigate an increasingly complex risk environment. Initially launching in the United States, this partnership will expand Prosegur’s ability to address the challenges faced by Western travelers and U.S.-based organizations, offering a seamless, technology-driven approach for risk mitigation.

About Kinetic Global

Kinetic Global is a global duty of care and security company operating in more than 175 countries. Utilizing patented technology and ground assets, Kinetic Global provides risk intelligence, personal safety, travel security, and enhanced mass notifications with comprehensive global imagery and proprietary AI algorithms. The Kinetic Global Critical Event Management platform ensures operational safety and security oversight for businesses worldwide. A wide range of companies, including government agencies, NGOs, and Fortune 500 firms, rely on Kinetic Global services. For more information, visit www.kineticglobal.com.

About Prosegur Security

Founded in 1976, Prosegur is a global leader in security services, providing advanced technology, tailored guarding programs, and global risk services. The company delivers high-impact security solutions to counter evolving threats. Publicly listed on the Spanish stock exchange, Prosegur has generated over $4.5 billion in revenue and employs approximately 175,000 professionals across more than 30 countries, continually setting new standards in security solutions.

With 14 state-of-the-art Security Operations Centers (iSOCs) worldwide, Prosegur integrates human expertise with technology to provide optimal protection. This blend of innovation, skill, and operational excellence has established Prosegur as a trusted leader in global security.

Prosegur is committed to environmental, social, and governance best practices, with sustainability as a strategic pillar. For more information on Prosegur Security and its Global Risk Services division, visit www.prosegur.us.

Contacts

Media contact:
Rya Manners, Vice President of Marketing – North America

Email: rya.manners@prosegur.com

FRANKLIN, Ky.–(BUSINESS WIRE)–#AdhesiveTapes—Nautic Partners, LLC (“Nautic”), in partnership with management, has officially completed its acquisition of the Specialty Tapes business from Berry Global Group, Inc. (NYSE: BERY), unveiling the newly branded company, Vybond^™. As a standalone business, Vybond is positioned to expand its leadership in pressure-sensitive adhesive tapes, delivering innovative solutions to industrial and specialty markets worldwide.

With its headquarters in Franklin, KY, and operations in Riverhead, NY, and Bristol, RI, Vybond boasts a diverse portfolio of over 1,500 SKUs across 500+ product families. Vybond’s expansive portfolio includes over 60 years of heritage from brands such as Adchem^®, Ludlow^®, Nashua^®, Patco^®, and Polyken^®, serving industries such as HVAC, Building & Construction, Medical, Aerospace, Automotive, and Retail–the company’s products are relied upon by more than 1,500 customers globally. As an independent entity, Vybond is now poised to accelerate its growth by innovating new product offerings and enhancing its ability to respond to evolving customer needs.

Sean Wieland, Managing Director at Nautic Partners, highlighted the tremendous opportunity ahead for Vybond: “Vybond represents a powerful combination of technical expertise, customer-centric service, and market leadership. As a standalone business, it has the agility and focus needed to push boundaries, expand its reach, and drive innovation in the specialty materials space. We are excited that this is just the beginning of a new chapter of growth for Vybond.”

Mike Hill, Vybond CEO, emphasized the unique potential of Vybond in its next phase: “Vybond’s foundation as a trusted partner to its customers, coupled with its ability to deliver high-performance solutions across industries, positions it for exceptional growth. By leveraging its technical capabilities and focusing on untapped opportunities, Vybond has the potential to set new benchmarks in the industry.”

Nautic Partners plans to accelerate Vybond’s development by investing in new technologies, operational capabilities, and market expansion. Backed by its strong reputation and now equipped with greater independence and focus, Vybond is set to explore new capabilities, deliver innovative solutions, and deepen its relationships with customers across the globe.

With this transition complete, Vybond is ready to shape the future of specialty tapes and adhesives, redefining what’s possible in its markets. For more information about Vybond and its innovative products, please visit vybond.com or contact media@vybond.com.

Contacts

media@vybond.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announces that on Friday January 31, 2025 it closed the transaction, originally announced on January 22, 2025, for the purchase of a 50% interest in Southgate Centre in Edmonton, Alberta and a 100% ownership interest in Oshawa Centre in Oshawa, Ontario. The transaction, which was subject to customary closing conditions, all of which have been fulfilled or waived, was for aggregate consideration of $585.0 million, satisfied by a combination of cash and equity, as described in the January 22 press release. The acquisition of Southgate Centre and Oshawa Centre is consistent with Primaris’ well defined growth strategy focused on market leading shopping centres in growing Canadian markets.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The proforma portfolio totals 15.0 million square feet, valued at approximately $4.6 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:
TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–Civeo Corporation (NYSE:CVEO) announced today that its board of directors has declared a quarterly cash dividend of $0.25 per common share, payable on March 17, 2025 to shareholders of record as of close of business on February 24, 2025. For purposes of the Income Tax Act (Canada), the Company has designated this dividend to be an “eligible dividend”.

About Civeo:

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 24 lodges and villages in North America and Australia with an aggregate of approximately 26,000 rooms. In addition, Civeo operates and provides hospitality services at 22 customer-owned locations with more than 18,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Contacts

Regan Nielsen

Civeo Corporation

Vice President, Corporate Development & Investor Relations

713-510-2400