---
schema_version: "secwatch.filing_event.v1"
accession: "0001738827-23-000010"
form_type: "8-K"
ticker: "KLXE"
cik: "0001738827"
company_name: "KLX Energy Services Holdings, Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:37:56.055331+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KLX Energy Services acquires Greene's Energy in $30.3M all-stock deal, expects 2023 Adj EBITDA of $18-20M

## Summary
- Total consideration ~2.4M KLXE shares; Greene's shareholders own ~14.7% of fully diluted stock.
- Implied enterprise value ~$30.3M based on 30-day VWAP as of March 7, 2023, less $1.7M acquired cash.
- Greene's 2022 unaudited results: $68.0M revenue, $5.3M net income, $14.7M Adj EBITDA.
- 2023 guidance for legacy Greene's: revenue $70-75M, Adj EBITDA $18-20M (inclusive of $2-3M annualized cost synergies).
- Expected to be accretive to KLX on all financial metrics and deleveraging.

## SEC filing metadata
- accession: 0001738827-23-000010
- form_type: 8-K
- ticker: KLXE
- cik: 0001738827
- company_name: KLX Energy Services Holdings, Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738827/000173882723000010/0001738827-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738827/000173882723000010/klxe-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001738827-23-000010
- JSON: https://secwatch.observer/filing/0001738827-23-000010.json
- Plain text: https://secwatch.observer/filing/0001738827-23-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.