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Mergers & Acquisitions ·

KLX reports $16.7M acquisition of Wolf Pack assets completed June 2 with bargain purchase gain

KLXEKLX Energy Services Holdings, Inc.

KLX Energy Services Holdings filed pro forma financials for its June 2, 2026 acquisition of certain assets from Wolf Pack Rentals LLC for a total purchase price of $16.7 million. The consideration included an initial cash payment of $14.1 million and two deferred payments of $1.5 million each, payable in cash or stock at the buyer's discretion. Management recorded a preliminary bargain purchase gain of approximately $6.7 million as the fair value of acquired assets exceeded the consideration transferred. The filing provides unaudited pro forma results for the nine months ended September 30, 2026, reflecting the combined operations as if the transaction had occurred on January 1, 2025. KLX Energy Services Holdings operates in the oil and gas energy services sector.

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