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In May 2012, all of the outstanding shares of Industrial Paramedic Services (IPS) were acquired by DXP Enterprises, Inc.

IPS is a leading US-based provider of medical and clinical services to industrial clients operating in remote locations and large facilities in Western Canada.

 

The transaction provided the shareholders with a liquidity event as well as a growth partner to support the company’s ambitions to further expand operations into the oil sands. With this acquisition, DXP gains a foothold in the Canadian energy market to strengthen its current Safety Services offering available in the US market, as well as provide a platform for growth to its other service and product offerings.

 

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