KLX Energy Services Acquires the Assets of Wolfpack Rentals, LLC Increasing Scale Across Four Major U.S. Operating Areas

KLX Energy Services Holdings, Inc. has announced the acquisition of Wolfpack Rentals, LLC for a total consideration of $17 million. The deal, which was finalized on June 2, 2026, involves an upfront payment of $14 million, with two deferred payments of $1.5 million each scheduled for six and twelve months post-closing. This acquisition is expected to enhance KLX's operational scale and create significant synergies, positioning the company for continued growth in the energy sector.

Wolfpack Rentals, founded in 2005 and headquartered in Fulshear, Texas, is recognized as a leading provider of surface rental solutions to oil and gas exploration and production (E&P) operators, midstream companies, and other industrial users. The company operates across four key regions: South Texas, West Texas, East Texas, and the Northeast, with a diversified asset base that includes approximately 350 accommodations trailers, 14 proprietary water filtration systems, and a comprehensive suite of ancillary rental services. For the fiscal year 2025, Wolfpack reported revenues of $38.2 million and an adjusted EBITDA of $5.8 million, indicating a strong financial performance that complements KLX's existing operations.

The strategic rationale behind KLX's acquisition of Wolfpack is rooted in the alignment of their service offerings and operational territories. With overlapping areas of operation, KLX anticipates realizing annual synergies exceeding $2 million, primarily through corporate cost savings and enhanced service capabilities for their shared customer base. The integration of Wolfpack's assets is expected to not only bolster KLX's service portfolio but also improve operational efficiencies, thereby enhancing customer satisfaction and loyalty.

The acquisition will be financed through a combination of capital lease financing, asset-based lending (ABL) borrowings supported by the acquired accounts receivable, and cash reserves. This financial structure is designed to be cash flow accretive and to facilitate a deleveraging strategy, ultimately creating long-term value for KLX's shareholders. The integration process will be led by Stewart Cooper, the current CEO of Wolfpack, who will join KLX to ensure a smooth transition and continued growth.

In the broader context, this acquisition reflects ongoing consolidation trends within the energy services sector, particularly among companies seeking to enhance their competitive positioning amid fluctuating market conditions. As demand for oil and gas services remains robust, KLX's strategic move to acquire Wolfpack positions it well to capitalize on growth opportunities while navigating the evolving landscape of the energy market. The successful integration of Wolfpack's assets and capabilities is likely to set a precedent for future transactions within the sector, underscoring the importance of scale and diversified service offerings in driving operational success.