M&A
confidence high
sentiment neutral
materiality 0.60
Nitro Construction completes acquisition of Rigney Digital Systems for $4.5M
Energy Services of America CORP
- Total consideration: $3.0M cash, $1.0M common stock, $500K sellers' note.
- Rigney Digital Systems is a regional HVAC controls firm in Hurricane, WV, founded in 2000.
- Rigney will retain its brand, staff, and client relationships under Nitro.
- Acquisition expands Nitro's building technology and HVAC control expertise.
- Deal was previously announced; completion date September 30, 2025.