Energy Services of America to Acquire FAMCO, Inc.
ESOA sits 33% above its 52-week low of $7.84.
Summary
Energy Services of America announced an agreement to acquire FAMCO, Inc. The 8-K discloses a $6.95 million base purchase price, with three-eighths cash, one-half stock, and one-eighth withheld pending true-up; closing expected around October 9, 2026. The deal expands its footprint in the industrial services sector. This follows a strong Q3 with revenue up 25.5% to $130M and a growing backlog of $286.6M. The acquisition is likely to be accretive to earnings and backlog. Watch for any regulatory approvals.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The 8-K discloses a $6.95 million base purchase price, with three-eighths cash, one-half stock, and one-eighth withheld pending true-up; closing expected around October 9, 2026.
At the time of this announcement, ESOA was trading at $10.41 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $204.5M. The 52-week trading range was $7.84 to $19.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.