Energy Services of America acquires Tribute Contracting for $24M cash and stock

Energy Services of America CORP

Asset purchase for $22M cash (less debt/working capital adjustments) plus $2M of ESOA common stock.
Tribute is an underground utility contractor specializing in water/wastewater systems in OH, KY, WV.
Deal expected to close in early December 2024; founders Tom Enyart and Todd Harrah remain.
Acquisition expands Energy Services' water distribution presence, consistent with stated strategy.

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