Energy Services of America to Acquire FAMCO for $6.95 Million
Image
Huntington, W.Va. – October 01, 2026 -- Energy Services of America Corporation (Nasdaq: ESOA) will acquire substantially all operating assets of FAMCO, Inc., a West Virginia water and sewer infrastructure contractor, for a base purchase price of $6.95 million.
Energy Services structures deal with mixed cash-and-stock payment
Under the Asset Purchase Agreement, three-eighths of the purchase price will be paid in cash at closing, while one-half will be issued in Energy Services common stock shortly after the transaction closes. The remaining one-eighth will be withheld pending a post-closing true-up.