Energy Services to Acquire FAMCO for $6.95M in Cash and Stock
ESOA sits 33% above its 52-week low of $7.84.
Summary
Energy Services of America agreed to acquire FAMCO, a West Virginia water and sewer contractor, for $6.95 million in cash and stock, expanding its utility construction operations.
Key Events · M&A and Partnerships · ESOA
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FAMCO Acquisition Agreement
Energy Services entered into an Asset Purchase Agreement to acquire substantially all operating assets of FAMCO, Inc., a West Virginia water and sewer utility contractor, for a base purchase price of $6.95 million.
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Payment Structure
At closing, 37.5% of the purchase price will be paid in cash, 50% in Energy Services common stock issued shortly after closing, and 12.5% withheld pending a post-closing true-up.
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Strategic Expansion
FAMCO brings an experienced workforce, equipment fleet, customer relationships, and contract backlog in water and sewer infrastructure, complementing Energy Services' existing water and utility construction operations.
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Closing Timeline
The transaction is expected to close on or about October 9, 2026, subject to satisfaction or waiver of closing conditions.
Analysis · ESOA · Real Estate & Construction
Energy Services of America is acquiring FAMCO, a West Virginia water and sewer utility contractor, for $6.95 million. The deal expands the company's water infrastructure footprint and brings an experienced workforce, equipment fleet, and contract backlog. Payment is split: 37.5% cash, 50% stock, and 12.5% withheld for a post-closing true-up. The stock component will issue new shares, creating modest dilution for existing holders. Closing is expected around October 9, 2026.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ESOA was trading at $10.41 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $204.5M. The 52-week trading range was $7.84 to $19.94. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.