M&A
confidence high
sentiment positive
materiality 0.42
Energy Services of America to acquire FAMCO for $6.95M; deal expected to close Oct 9, 2026
Energy Services of America CORP
- Subsidiary FAMCO Acquisition, Inc. will buy substantially all operating assets of FAMCO, Inc., a West Virginia water and sewer infrastructure contractor, for a $6.95 million base price.
- At closing: three-eighths paid in cash, one-half paid in ESOA common stock (issued as soon as possible after closing), and one-eighth withheld pending a post-closing true-up.
- Transaction anticipated to close on or about October 9, 2026, subject to satisfaction or waiver of closing conditions.
- President Douglas Reynolds said FAMCO brings experienced people, equipment and customer relationships that complement Energy Services' existing water and utility construction operations.