Energy Services of America acquires FAMCO operating assets for $6.95 million
ESOA•Energy Services of America completed its acquisition of substantially all FAMCO operating assets for a base price of $6.95 million, subject to adjustments. Consideration includes cash and common stock, with a portion withheld pending a post-closing true-up.
1. Acquisition terms
Energy Services of America acquired substantially all operating assets of West Virginia water and sewer contractor FAMCO. The base price is $6.95 million, subject to adjustments, and consideration comprises cash and common stock, with a portion withheld pending a post-closing true-up. The acquisition expands the company’s existing water and utility construction capabilities.
