Mergers & Acquisitions ·
KLX Energy Services Holdings, Inc. filed an Amendment No. 1 to its Form 8-K to supplement Item 9.01 with the audited…
KLXEKLX Energy Services Holdings, Inc.
KLX Energy Services Holdings, Inc. filed an Amendment No. 1 to its Form 8-K to supplement Item 9.01 with the audited financial statements of Wolf Pack Rentals, LLC for the year ended December 31, 2025, and unaudited condensed financials for the three months ended March 31, 2026. The filing also includes pro forma combined financial information reflecting the acquisition as if consummated on January 1, 2025. On June 2, 2026, KLX completed the acquisition of substantially all assets of Wolf Pack for a total consideration of approximately $16.9 million, consisting of an initial $14.1 million payment and two deferred payments of $1.5 million each. The preliminary purchase price allocation recorded a bargain purchase gain of $6.3 million due to the excess of fair value of net assets over consideration transferred. KLX Energy Services Holdings, Inc. operates in the oilfield services industry, providing equipment rental and well-site support services.