South Florida, Houston energy companies announce merger

Houston-based Quintana Energy Services Inc. (NYSE: QES) has inked a merger agreement with Wellington-based KLX Energy Services Holdings Inc. (Nasdaq: KLXE).

The deal comes shortly after Quintana received a delisting warning from the New York Stock Exchange, KLX named a new CEO and both companies announced cost-cutting measures that included job cuts.

The all-stock deal, which is expected to close in the second half of 2020, will create a Houston-based onshore oil field services company with more…


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