KLX Energy Services Acquires Wolfpack Rentals Assets for $17 Million

Key facts

• KLX Energy Services acquired Wolfpack Rentals, LLC assets for $17 million.
• The purchase price includes $14 million at closing and two deferred payments of $1.5 million each.
• Deferred payments can be made in cash or KLX stock at KLX's discretion.
• The acquired business generated $38.2 million in revenue.
• The acquisition aims to increase KLX's scale across four major U.S. operating areas.

KLX Energy Services has announced the acquisition of the assets of Wolfpack Rentals, LLC for a total purchase price of $17 million. The transaction includes an initial payment of $14 million at closing, with two subsequent deferred payments of $1.5 million each, payable at six and twelve months post-closing. KLX Energy Services has the discretion to settle these deferred payments in either cash or its own stock. The acquired business generated $38.2 million in revenue and is expected to enhance KLX's operational scale across four key U.S. regions.