secwatch.observer — SEC 8-K summary
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Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001738827-23-000010
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000173882723000010/0001738827-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000173882723000010/klxe-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001738827-23-000010

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