Summit Park has acquired DX Electric, a distributor of electrical c-parts to OEMs across industrial end markets.
DX Electric is a distributor of more than 6,400 SKUs of electrical c-parts, including connectors, terminals, fasteners, and wire products used by OEMs in industrial, energy, and data center applications.
Electrical c-parts are a category of low-cost, high-volume, standard components used in manufacturing and assembly processes, particularly in electrical and electronic systems. They are considered “C” in the ABC analysis classification (where A-parts are high-value and low-variety, B-parts are mid-range, and C-parts are low-value but numerous and varied). These parts are essential for functionality but often overlooked due to their affordability and simplicity.
DX was founded in 1975 and was acquired in 2009 by its current leadership — CEO Beckey Fuller, Vice President Misty Harriman, and Dina Smith — in a transition from a family-owned business. The company is headquartered near Dallas in Grapevine, Texas, with an additional office in Houston.
DX Electric operates in a sector where distributors are increasingly offering logistics optimization and inventory automation services to stay competitive. As a result, the company uses a vendor-managed inventory (VMI) model to help its customers optimize procurement and manage high-volume, low-cost electrical components.
“For 50 years, we have remained committed to excellence and dedicated to providing our customers high quality service to keep their business running smoothly,” said Ms. Fuller. “We have a solution oriented and customer first mindset which will continue as we grow. We are energized for our next chapter in partnership with Summit Park and are motivated by the opportunity to expand the solutions we can provide to our loyal customers while continuing to provide exceptional service.”
Growth in the electrical components and industrial distribution sector is steady but limited, with U.S. electrical sales expected to increase by about 2% in 2025 (EWWeb). Distributors continue to deal with challenges such as supply chain delays, higher material and shipping costs, and global political uncertainty. To stay competitive, many are focusing on improving service quality, using data to manage inventory more efficiently, and building more resilient supply chains. These efforts are less about growth acceleration and more about maintaining margins and meeting customer expectations in a more volatile operating environment (Supply Chain Connect).
“Summit Park is thrilled to have the opportunity to partner with Beckey and the entire DX team,” said Andrew Gilbert, a partner at Summit Park. “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.”
Summit Park invests in services, consumer and industrial growth companies primarily based in the Eastern half of the United States that have revenues between $20 million and $150 million and EBITDA between $4 million and $15 million. The firm was founded in 2006 and is headquartered in Charlotte, North Carolina.
The acquisition of DX Electric is the sixth investment from Summit Park’s fourth fund and follows the September 2024 purchase of Thrust Flight, a Texas-headquartered provider of professional flight training services (Summit Park Soars with Latest Buy).
Stephens was the financial advisor to DX Electric, and debt financing for the acquisition of DX Electric was provided by PennantPark.
© 2025 Private Equity Professional | October 10, 2025
