Jun. 2 at 10:24 PM
KLX Energy Services shares rose in after-hours trading Tuesday after the company announced the acquisition of substantially all assets of Wolfpack Rentals for
$17 million. The deal adds a business that generated
$38.2 million in revenue and
$5.8 million in adjusted EBITDA in 2025, strengthening KLX’s rental equipment and service offerings across key U.S. energy markets.
KLX will pay
$14 million at closing, with two deferred payments of
$1.5 million each due six and twelve months later, payable in cash or KLX stock at the company’s discretion. Management expects the acquisition to be immediately accretive and projects annual cost and operational synergies exceeding
$2 million.
Wolfpack operates across South Texas, West Texas, East Texas, and the Northeastern U.S., providing surface rental equipment and services to oil and gas producers, midstream operators, and industrial customers.
$KLXE