Sidley represented Greene’s Holding Corporation in the sale of Greene’s Energy Group, LLC to KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) in an all-stock transaction. The total consideration for the acquisition consisted of the issuance of approximately 2.4 million shares of KLX common stock, par value $0.01 per share, subject to customary post-closing adjustments, with a value of approximately US$30.3 million, based on the Company’s closing stock price on March 7, 2023. Following the closing of the transaction, former shareholders of Greene’s will hold approximately 14.7% of the fully diluted common stock of the Company.
The Sidley team was led by Atman Shukla, George Vlahakos, and Cliff Vrielink, with assistance from Ashley Moulder, Aashiq Jivani, and Zackary Pullin.
