M&A
confidence high
sentiment positive
materiality 0.55
Energy Services of America subsidiary Nitro to acquire HVAC controls firm Rigney for $4.5M
Energy Services of America CORP
- Nitro Construction will purchase substantially all assets of Rigney Digital Systems for $3.0M cash, $1.0M ESOA stock, and a $500K sellers' note.
- Transaction expected to close September 30, 2025; Rigney will retain its brand, staff, and client relationships.
- Rigney, founded in 2000, is a regional leader in HVAC control systems based in Hurricane, West Virginia.
- Acquisition expands Nitro's building technology expertise and complements existing service offerings.