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New Deal


Announced

Completed

KLX Energy Services completed the acquisition of Greene's Energy Group for $30m.

Financials

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Transaction Value£24m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Integrated Oil and Gas

Majority

Friendly

Acquisition

Domestic

Completed

United States

Private

oil and gas services

Synopsis

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KLX Energy Services, a provider of diversified oilfield services, completed the acquisition of Greene's Energy Group, a provider of support services and products to the oil and gas industry, for $30m. "We believe KLX and Greene's will form a strong partnership based on a common culture focused on safety, execution, customer service and returns. We believe the combined company is better positioned to serve the Greene's customer base and support the team members with the addition of KLX's best in-class diversified offerings," Adam Doyle, Greene's Energy Group President.

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