Energy Services of America Announces Asset Acquisition of FAMCO

What Happened
Energy Services of America Corporation (Energy Services) announced on October 1, 2026 (8-K, Item 8.01) that its new subsidiary, FAMCO Acquisition, Inc., signed an Asset Purchase Agreement to acquire substantially all operating assets of FAMCO, Inc., a West Virginia water and sewer utility contractor. The base purchase price is $6.95 million. The company expects the transaction to close on or about October 9, 2026, subject to closing conditions.

Key Details

• Purchase price: $6.95 million base, subject to adjustments and post-closing true-up.
• Payment mix at closing: 3/8 (37.5%) in cash, 1/2 (50%) in Energy Services common stock (to be issued promptly after closing), and 1/8 (12.5%) withheld pending a post-closing true-up.
• Buyer: FAMCO Acquisition, Inc., a newly created subsidiary of Energy Services.
• Anticipated close: on or about October 9, 2026, subject to satisfaction or waiver of closing conditions.
• The filing includes a press release dated October 1, 2026 (Exhibit 99.1); the release contains customary forward-looking statement language.

Why It Matters
This asset purchase expands Energy Services’ footprint into West Virginia water and sewer infrastructure through an operating contractor acquisition. The $6.95M deal involves a substantial equity component, which will dilute existing shareholders to the extent stock is issued and ties part of seller consideration to future adjustments. Investors should note the expected close date and that final purchase price and timing may change per the agreement and post-closing true-up; the company flagged forward-looking risks in the filing.