The acquisition expands KLX Energy Services’ surface rental equipment portfolio for the oil and gas sector.
KLX Energy Services Holdings (KLXE) announced the acquisition of Wolfpack Rentals LLC’s assets for $17 million. The deal includes $14 million in cash payable at closing, with the remainder structured as future payments.
Wolfpack Rentals provides surface rental equipment and services to the oil and gas industry. The acquisition aligns with KLXE’s strategy to strengthen its position in energy sector services. No prior valuation or consensus estimates were disclosed for the transaction.
Shares of KLXE remained unchanged in after-hours trading following the announcement.