Mergers & Acquisitions ·
Energy Services of America to acquire FAMCO assets for $6.95M in cash and stock
ESOAEnergy Services of America Corp
Energy Services of America Corporation announced it has entered into an Asset Purchase Agreement with FAMCO, Inc., a West Virginia utility contractor focused on water and sewer infrastructure. Under the agreement, Energy Services’ subsidiary will purchase substantially all of FAMCO’s operating assets for a base price of $6.95 million. The consideration structure includes 3/8 paid in cash, 1/2 paid in common stock issued post-closing, and 1/8 withheld pending a true-up. The transaction is expected to close on or about October 9, 2026. Energy Services of America Corporation operates as a contractor and service company providing services in the natural gas, petroleum, water distribution, automotive, chemical, and power industries.