KLX Energy Services Holdings, Inc.
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KLX Energy Services Holdings, Inc. - overview
Established
2007
Location
Houston, TX, US
Primary Industry
Oil & Gas
About
KLX Energy Services Holdings, Inc. is a service provider specializing in mission-critical oilfield services focused on completion, intervention, and production activities for technically demanding wells. KLX Energy Services was founded in 2007 and is headquartered in Houston, US. The company operates in the oil and gas sector, providing essential services to enhance well performance.
Christopher Baker serves as CEO, leading the company's initiatives in the energy industry. KLX Energy Services offers a wide range of oilfield services, including advanced horizontal and directional drilling. Their proprietary VISION Suite features tools like the OraclE-Smart Reach Tool (SRT) and PhantM dissolvables, aimed at improving operational efficiency and minimizing intervention needs during hydraulic fracturing. The company serves a diverse client base, including major operators in the Gulf Coast and Permian Basin, by delivering innovative cementing technologies and comprehensive wireline solutions.
In 2023, KLX Energy Services reported revenue of USD 888. 40 mn and EBITDA of USD 131. 50 mn. The company generates revenue primarily through long-term contracts with oil and gas companies for its specialized services, including completion and intervention solutions.
KLX Energy Services is strategically focused on expanding its presence in key shale regions across North America. The recent funding will support the development and launch of new products designed to enhance service capabilities. Additionally, the company aims to penetrate emerging markets in the energy sector, targeting specific geographic regions for expansion by 2025.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.klxenergy.com
Verticals
Infrastructure
Total Amount Raised
Subscriber access only
KLX Energy Services Holdings, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Greene's Energy Group LLC | - | ||||||||
| Merger | Completed | Quintana Energy Services, Inc. | - |
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