M&A
confidence high
sentiment positive
materiality 0.70
Energy Services of America acquires Tribute Contracting for $24M
Energy Services of America CORP
- Acquires Tribute Contracting & Consultants for $24M: $22M cash + $2M common stock.
- Tribute provides underground pipeline construction, site utilities, sewer, gas/water distribution.
- Closing expected on or about December 2, 2024; owners Enyart and Harrah will continue employment.
- Sellers receive $2M in ESOA common stock valued on 10-day VWAP prior to closing.