Equities
KLX Energy Services Buys Assets of Wolfpack Rentals for $17 Million
KLX Energy Services (KLXE) acquired the assets of surface rental solutions provider Wolfpack Rentals for $17 million, the company said late Tuesday.The deal is expected to be immediately accretive across all KLX's financial metrics, the company said.The purchase price includes $14 million paid at closing and two deferred payments of $1.5 million each due six months and 12 months after closing, subject to customary post-closing adjustments, the company added.KLX said the deferred payments may be made in cash or shares of its common stock at the company's sole discretion.Shares of KLX were up 2.3% in after-hours activity.
$KLXE
