KLX Energy Services announces it will acquire the assets of Wolfpack Rentals, LLC in a deal valued at $17 million. According to the company’s announcement, the consideration includes $14 million paid at closing, plus two deferred payments of $1.5 million each due six and twelve months after closing. The deferred payments are payable in cash or in KLX stock, at KLX’s discretion.\n\nThe transaction is described as expanding KLX’s scale across four major U.S. operating areas. The acquisition is also framed as adding a revenue business valued at $38.2 million, with the purchase presented as occurring at a “compelling valuation.” Seeking Alpha’s coverage echoes that the acquisition is for $17 million, consistent with the announcement.\n\nBoth sources describe the same core terms—asset purchase by KLX from Wolfpack Rentals and the $17 million deal value with specified timing for the closing and deferred components. Further details such as specific operating-area impacts, closing conditions, or regulatory approvals are not included in the provided excerpts.
KLX Energy Services to acquire Wolfpack Rentals assets for $17 million
KLX Energy Services announces it will acquire the assets of Wolfpack Rentals, LLC in a deal valued at $17 million. According to the company’s announcement, the consideration includes $14 million paid...
- KLX Energy Services agrees to acquire the assets of Wolfpack Rentals, LLC.
- The total deal value is $17 million.
- $14 million is paid at closing, with two additional $1.5 million deferred payments due at six and twelve months.
- Deferred payments can be made in cash or KLX stock at KLX’s discretion.
- The acquisition is described as increasing KLX’s scale across four major U.S. operating areas.
$17 Million Acquisition Adds $38.2 Million Revenue Business at Compelling Valuation Transaction Highlights Purchase price of $17 million — $14 million at closing, plus two deferred payments of $1.5 million each at six and twelve months, payable in cash or KLX stock at KLX's discretion...
2 months ago
Haitian gang frees 13 hostages days after raid that killed at least 47 people
A Haitian gang frees 13 hostages, including women and children, days after an assault on a farming community that leaves...
Doug Ford unveils billboard response to Trump’s “Lake America” executive order
Ontario Premier Doug Ford unveils a large billboard on Canada’s Great Lakes shoreline reading “Lake Ontario. Now and Alw...
Fed policymaker Warsh says higher inflation could require continued tightening
A Fed policymaker, Kevin Warsh, says the Federal Reserve may not be finished fighting inflation if price increases remai...