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ENERGY SERVICES OF AMERICA ANNOUNCES AGREEMENT TO ACQUIRE FAMCO, INC.
The deal would add FAMCO’s workforce, equipment and customer base to strengthen Energy Services’ water and utility construction operations.
- On Thursday, Energy Services of America Corporation announced it entered an Asset Purchase Agreement to acquire FAMCO, Inc. for $6.95 million.
- Based in West Virginia, FAMCO is a utility contractor specializing in water and sewer infrastructure, providing an experienced workforce and established customer relationships.
- Under the agreement terms, the $6.95 million purchase price includes three-eighths paid in cash, one-half in Energy Services common stock, and one-eighth withheld pending a post-closing true-up.
- President Douglas Reynolds commented, "We are excited to add FAMCO to the Energy Services team," noting the acquisition complements existing water and utility construction operations.
- Closing is expected on or about October 9, 2026. Energy Services employs 1,400+ workers across the mid-Atlantic and Central regions of the United States.
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ENERGY SERVICES OF AMERICA ANNOUNCES AGREEMENT TO ACQUIRE FAMCO, INC.
HUNTINGTON, W.Va., Oct. 1, 2026 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced it has entered into an Asset Purchase Agreement with FAMCO, Inc. ("FAMCO"), a West Virginia utility contractor focused primarily…
·Washington, United States
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Total News Sources11
Leaning Left1Leaning Right3Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 27%
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