NextEra, Dominion Energy combine creating world’s largest electric utility
NextEra Energy Inc. and Dominion Energy Inc. entered into a definitive agreement to combine in an all-stock transaction. The companies said the deal would create the world’s largest regulated electric utility business. Dominion Energy shareholders will receive 0.8138 NextEra Energy shares for each Dominion Energy share at closing. NextEra Energy shareholders would own about 74.5% […]
KLX Energy Services acquires Wolfpack Rentals, LLC
KLX Energy Services Holdings, Inc., announced it has acquired all of the assets of Wolfpack Rentals, LLC, a provider of surface rental solutions to oil and gas exploration and production (E&P) operators, midstream and other industrial end users, for total consideration of $17 million. The acquisition is expected to be immediately accretive to KLX on […]
The valuation tug-of-war: Is your 20% margin an asset or a liability?
By: JEREMY OSTERBERGER, President and COO, BIC Alliance If your Gulf Coast industrial services business is running at 20% EBITDA right now, congratulations. You have also just made your exit conversation significantly more complicated. Here is the dynamic we are seeing in 2026. Business owners are coming to the table with the best margins of their careers, […]