The deal is small and bolt-on, unlikely to materially move ESOA's stock. Monitor the closing announcement and any post-closing true-up adjustments. No immediate trading catalyst.
Price Chart
Executive Summary
Energy Services of America announced a $6.95 million asset purchase of FAMCO, Inc., a West Virginia water and sewer utility contractor. The deal is structured with cash, stock, and a holdback, expected to close on or about October 9, 2026. The acquisition is small relative to the company's scale and is a bolt-on to existing water/utility operations.
Key Financial Metrics
Key Facts
- Asset purchase price of $6.95 million for substantially all operating assets of FAMCO, Inc.
- Consideration: 3/8 cash at closing, 1/2 in Energy Services common stock issued post-closing, 1/8 withheld for post-closing true-up.
- Transaction expected to close on or about October 9, 2026.
- FAMCO is a West Virginia utility contractor focused on water and sewer infrastructure.
- Acquisition complements Energy Services' existing water and utility construction operations.
Financial Impact
$6.95 million base purchase price; no revenue, earnings, or synergy figures disclosed.
Risk Factors
- Integration risk for a small acquisition; no disclosed financials for FAMCO.
- Stock consideration dilutes existing shareholders modestly (1/2 of $6.95M in shares).
- Closing conditions or delays could push closing past October 9.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302896609 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $9.26 | awaiting T+60 | — | $9.43 (+1.84%) |
Oct 23, 2026 3d ago | Press Release | $9.06 | awaiting T+60 | — | $9.43 (+4.08%) |
Oct 1, 2026 25d ago | 8-K | $11.01 | awaiting T+60 | — | $9.43 (−14.35%) |
Oct 1, 2026 25d ago | Press Release | $11.01 | awaiting T+60 | — | $9.43 (−14.35%) |
Aug 10, 2026 11w ago | 8-K | $13.23 | awaiting T+60 | — | $9.43 (−28.72%) |
Jun 22, 2026 18w ago | Insider Buy | $17.89 $11.14 | ▼ −37.73% | ▼ −39.48% | $9.43 (−47.29%) |
Jun 2, 2026 21w ago | Insider Cluster | $15.30 $11.49 | ▲ +24.90% | ▲ +26.02% | $9.43 (+38.37%) |
May 29, 2026 21w ago | 144 | $15.11 $11.52 | ▲ +23.76% | ▲ +24.99% | $9.43 (+37.59%) |
May 28, 2026 21w ago | Insider Cluster | $14.93 $11.53 | ▼ −22.77% | ▼ −23.96% | $9.43 (−36.84%) |
May 27, 2026 21w ago | 144 | $16.42 $11.81 | ▼ −28.08% | ▼ −29.81% | $9.43 (−42.57%) |
US Market Status
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