Mergers & Acquisitions ·
Energy Services completes acquisition of FAMCO for $6.95M in cash and stock
ESOAEnergy Services of America Corp
Energy Services of America completed its previously announced acquisition of substantially all operating assets of FAMCO, Inc., a West Virginia utility contractor focused on water and sewer infrastructure. The base purchase price is $6.95 million, subject to adjustments, with consideration consisting of cash and common stock. A portion of the purchase price is withheld pending a post-closing true-up. The acquisition adds an experienced workforce, equipment fleet, and customer relationships, complementing Energy Services’ existing water and utility construction operations. Energy Services of America Corporation operates as a contractor and service company providing services to customers in natural gas, petroleum, water distribution, automotive, chemical, and power industries.