Mergers & Acquisitions ·
KLX Energy Services Holdings completed the acquisition of certain assets from Wolf Pack Rentals on June 2, 2026, for a…
KLXERKLX Energy Services Holdings, Inc.
KLX Energy Services Holdings completed the acquisition of certain assets from Wolf Pack Rentals on June 2, 2026, for a total purchase price of $16.9 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 $6.5 million because the fair value of acquired assets exceeded the consideration transferred. Pro forma results for the six months ended June 30, 2026, reflect combined revenues of $329.0 million and a net loss of $40.7 million. KLX Energy Services Holdings operates in the oilfield services industry.