Energy Services of America Corporation (Nasdaq: ESOA) announced on October 23, 2026, that it has completed the acquisition of substantially all of the operating assets of FAMCO, Inc. The transaction was executed through a subsidiary of Energy Services, FAMCO Acquisition, Inc.
FAMCO is a utility contractor based in West Virginia that focuses primarily on water and sewer infrastructure. The company stated that the acquired operations complement its existing water and utility construction activities.
According to the filing, the base purchase price for the assets is $6,950,000. The consideration for the deal consists of a combination of cash and Energy Services common stock. A portion of the purchase price is being withheld pending a post-closing true-up, as outlined in the Asset Purchase Agreement.
The company indicated that FAMCO brings an experienced workforce, equipment fleet, and customer relationships to the combined entity. Energy Services of America employs 1,400+ employees on a regular basis and operates primarily in the mid-Atlantic and Central regions of the United States.
