Summit Park completed the acquisition of a majority stake in DX Electric.

Summit Park, a private equity firm, completed the acquisition of a majority stake in DX Electric, a distributor of essential electrical c-parts and components. Financial terms were not disclosed. “Summit Park is thrilled to have the opportunity to partner with Beckey and the entire DX team. The business has had impressive growth, driven by the team’s relentless focus on customer service and problem solving. The Company’s decades-long customer relationships are a testament to the critical solution they provide to their customers. In partnership with Beckey, we plan to continue the growth trajectory of the business and expand DX’s value-added service capabilities, products and geography both organically and through acquisition," Andrew Gilbert, Summit Park Partner.