KLX Energy Services Expands Operations with $17 Million Acquisition of Wolfpack Rentals
KLX Energy Services Acquires the Assets of Wolfpack Rentals, LLC Increasing Scale Across Four Major U.S. Operating Areas
Benzinga
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KLX Energy Services has acquired Wolfpack Rentals for $17 million, enhancing its presence in four major U.S. operating areas. The deal is expected to generate $2 million in annual synergies and adds a revenue stream of $38.2 million, strengthening KLX's service offerings in the oil and gas sector.
- 01The acquisition includes $14 million upfront and two deferred payments of $1.5 million each, payable in cash or KLX stock.
- 02Wolfpack Rentals, founded in 2005, operates in South Texas, West Texas, East Texas, and the Northeast, with a diversified asset base including 350 accommodations trailers.
- 03KLX expects annual synergies exceeding $2 million due to operational overlaps and cost savings.
- 04Wolfpack's 2025 revenue is projected at $38.2 million with an Adjusted EBITDA of $5.8 million, indicating a strong financial position.
- 05Chris Baker, CEO of KLX, emphasized the strategic fit and growth potential from integrating Wolfpack's operations.
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KLX Energy Services Holdings, Inc. has announced the acquisition of Wolfpack Rentals, LLC for a total consideration of $17 million, which includes $14 million at closing and two deferred payments of $1.5 million each. This acquisition is projected to be immediately accretive to KLX's financial metrics. Wolfpack Rentals, a Texas-based provider of surface rental solutions, reported 2025 revenue of $38.2 million and an Adjusted EBITDA of $5.8 million. The deal is expected to yield over $2 million in annual synergies, primarily due to overlaps in existing KLX operations and cost efficiencies. Wolfpack operates across four key U.S. regions and brings a substantial asset base, including approximately 350 accommodations trailers and 14 proprietary water filtration systems. Chris Baker, KLX's CEO, expressed enthusiasm about the acquisition, highlighting the potential for enhanced service offerings and increased scale for their customer base. Stewart Cooper, CEO of Wolfpack, will join KLX to facilitate the integration and growth of the combined operations.
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The acquisition will enhance KLX's operational capabilities and service offerings in key U.S. oil and gas regions.
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