Energy Services of America Corporation has completed the acquisition of substantially all operating assets of FAMCO, Inc., a West Virginia utility contractor. This acquisition, valued at approximately $6.95 million, is a significant step for Energy Services as it seeks to enhance its capabilities in the water and sewer infrastructure sector.
On October 23, 2026, Energy Services announced that its subsidiary, FAMCO Acquisition, Inc., finalized the deal, which is expected to complement the company’s existing operations in water and utility construction. The acquisition will provide Energy Services with an experienced workforce, an equipment fleet, and established customer relationships in the water and sewer infrastructure market.
Douglas Reynolds, President of Energy Services, expressed enthusiasm about the acquisition, stating, “FAMCO brings experienced people, equipment, and customer relationships that complement our existing operations and further strengthen our capabilities in water and utility construction.” This strategic acquisition positions Energy Services to better serve its clients and expand its market reach.
Background
Energy Services of America Corporation, trading on the Nasdaq under the ticker ESOA, is a contractor and service company primarily operating in the mid-Atlantic and Central regions of the United States. The company specializes in providing services to various sectors, including natural gas, petroleum, water distribution, automotive, chemical, and power industries. With over 1,400 employees, Energy Services is committed to safety, quality, and production.
What the Filing Says
According to the SEC filing, the acquisition was completed for a base purchase price of $6,950,000, subject to adjustments. The filing states, “FAMCO brings an experienced workforce, equipment fleet and customer relationships in water and sewer infrastructure.” A press release detailing the acquisition was attached to the filing.
Impact
This acquisition is expected to positively impact Energy Services' operational capabilities and market position. By integrating FAMCO’s assets, Energy Services can enhance its service offerings in the water and sewer infrastructure sector. This move may also influence competitors in the industry, as they will need to respond to Energy Services' strengthened capabilities.
What's Next
The filing does not specify what happens next following the acquisition. However, it is likely that Energy Services will focus on integrating FAMCO's operations and leveraging its resources to enhance service delivery.