---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-009213"
form_type: "8-K"
ticker: null
cik: "0000319458"
company_name: "Enservco Corp"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:49:36.634520+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Enservco agrees to acquire Buckshot Trucking for $5M cash/stock; 2023 EBITDA ~$2.3M

## Summary
- Total consideration $5M ($3.75M cash + $1.25M ENSV stock) plus up to $0.5M contingent stock.
- Buckshot's 2023 unaudited EBITDA ~$2.3M on revenue ~$8.2M; near doubling of revenue since 2021.
- Closing expected Q2 2024 subject to stockholder approval of share issuance and financing for cash portion.
- Founders Tony Sims and Jim Fate will remain to lead Buckshot as a new logistics division.
- Transaction transforms Enservco into year-round logistics, reducing weather dependency of core business.

## SEC filing metadata
- accession: 0001437749-24-009213
- form_type: 8-K
- cik: 0000319458
- company_name: Enservco Corp
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319458/000143774924009213/0001437749-24-009213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319458/000143774924009213/ensv20240322_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009213
- JSON: https://secwatch.observer/filing/0001437749-24-009213.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009213.txt

## Key facts
- Material Agreements
  Enservco Corp entered into Membership Interest Purchase Agreement with Tony Sims, Jim Fate, Buckshot Trucking LLC valued at $5,000,000 (the "Base Amount"), subject to a net working capital adjustment, plus up to $500,000, in (effective 2024-03-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Tony Sims, Jim Fate, Buckshot Trucking LLC
  - Value: $5,000,000 (the "Base Amount"), subject to a net working capital adjustment, plus up to $500,000, in
  - Effective: 2024-03-19
  source text: On March 19, 2024, Enservco Corporation (“Enservco”) entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Tony Sims, an individual resident of Colorado; Jim Fate, an individual resident of Colorado (together the “Sellers”), and Buckshot Trucking LLC, a Wyoming limited liability company (“Buckshot Trucking”), pursuant to which Enservco agreed to acquire from the Sellers all of the issued and outstanding membership interests of Buckshot Trucking (the “Acquisition”) for $5,000,000 (the “Base Amount”), subject to a net working capital adjustment, plus up to $500,000, in the form of Enservco common stock, contingent upon satisfaction of certain conditions set forth in the Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/319458/000143774924009213/0001437749-24-009213-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.