{"success":true,"data":{"pressRelease":{"id":"158912","rtpr_id":"nPn9Ly57Da-20261001","ticker":"ESOA","exchange":"NASDAQ","all_tickers":["ESOA"],"title":"ENERGY SERVICES OF AMERICA ANNOUNCES AGREEMENT TO ACQUIRE FAMCO, INC.","author":"PR Newswire","published_at":"2026-10-01T21:00:00.828Z","article_body":"ENERGY SERVICES OF AMERICA ANNOUNCES AGREEMENT TO ACQUIRE FAMCO, INC.\nPR Newswire\n\nHUNTINGTON, W.Va., Oct. 1, 2026\n\nHUNTINGTON, W.Va., Oct. 1, 2026 /PRNewswire/ -- Energy Services of America\nCorporation (the \"Company\" or \"Energy Services\") (Nasdaq: ESOA), today\nannounced it has entered into an Asset Purchase Agreement with FAMCO, Inc.\n(\"FAMCO\"), a West Virginia utility contractor focused primarily on water and\nsewer infrastructure.\n\nUnder the terms of the agreement, Energy Services' new subsidiary, FAMCO\nAcquisition, Inc., will purchase substantially all of the operating assets of\nFAMCO for a base purchase price of $6.95 million, subject to the adjustments\nand other terms set forth in the agreement. At closing, three-eighths of the\npurchase price will be paid in cash. One-half of the purchase price will be\npaid in Energy Services common stock, to be issued as soon as possible after\nclosing, and the remaining one-eighth will be withheld pending a post-closing\ntrue-up. The Company currently anticipates the transaction will close on or\nabout October 9, 2026, subject to satisfaction or waiver of the applicable\nclosing conditions and other circumstances that may affect the timing of\nclosing.\n\nFAMCO is an established West Virginia contractor with an experienced\nworkforce, equipment fleet, customer relationships and contract backlog in\nwater and sewer infrastructure. The acquisition is expected to complement the\nCompany's existing water and utility construction operations.\n\n\"We are excited to add FAMCO to the Energy Services team,\" Douglas Reynolds,\nPresident, commented on the announcement. \"FAMCO brings experienced people,\nequipment and customer relationships that complement our existing operations\nand further strengthen our capabilities in water and utility construction.\"\n\nAbout Energy Services\n\nEnergy Services of America Corporation (NASDAQ: ESOA), headquartered in\nHuntington, WV, is a contractor and service company that operates primarily in\nthe mid-Atlantic and Central regions of the United States and provides\nservices to customers in the natural gas, petroleum, water distribution,\nautomotive, chemical, and power industries. Energy Services employs 1,400+\nemployees on a regular basis. The Company's core values are safety, quality,\nand production.\n\nCertain statements contained in the release including, without limitation, the\nwords \"believes,\" \"anticipates,\" \"intends,\" \"expects\" or words of similar\nimport, constitute \"forward-looking statements\" within the meaning of section\n21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\").\nSuch forward-looking statements involve known and unknown risks, uncertainties\nand other factors that may cause the actual results, performance, or\nachievements of the Company to be materially different from any future\nresults, performance or achievements of the Company expressed or implied by\nsuch forward-looking statements. Such factors include, among others, general\neconomic and business conditions, changes in business strategy or development\nplans, the integration of acquired business and other factors referenced in\nthis release. Given these uncertainties, prospective investors are cautioned\nnot to place undue reliance on such forward-looking statements. The Company\ndisclaims any obligation to update any such factors or to publicly announce\nthe results of any revisions to any of the forward-looking statements\ncontained herein to reflect future events or developments.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-announces-agreement-to-acquire-famco-inc-302896609.html\n(https://www.prnewswire.com/news-releases/energy-services-of-america-announces-agreement-to-acquire-famco-inc-302896609.html)\n\nSOURCE Energy Services of America Corporation\n\n\n\nInvestor Relations: Steven Hooser, Three Part Advisors, LLC, (214) 872-2710\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS693843/ESA-Logo.jpg?id=OA2981091\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9Ly57Da-20261001","title":"ENERGY SERVICES OF AMERICA ANNOUNCES AGREEMENT TO ACQUIRE FAMCO, INC.","author":"PR Newswire","ticker":"ESOA","created":"2026-10-01T21:00:00.828Z","tickers":["ESOA"],"exchange":"NASDAQ","article_body":"ENERGY SERVICES OF AMERICA ANNOUNCES AGREEMENT TO ACQUIRE FAMCO, INC.\nPR Newswire\n\nHUNTINGTON, W.Va., Oct. 1, 2026\n\nHUNTINGTON, W.Va., Oct. 1, 2026 /PRNewswire/ -- Energy Services of America\nCorporation (the \"Company\" or \"Energy Services\") (Nasdaq: ESOA), today\nannounced it has entered into an Asset Purchase Agreement with FAMCO, Inc.\n(\"FAMCO\"), a West Virginia utility contractor focused primarily on water and\nsewer infrastructure.\n\nUnder the terms of the agreement, Energy Services' new subsidiary, FAMCO\nAcquisition, Inc., will purchase substantially all of the operating assets of\nFAMCO for a base purchase price of $6.95 million, subject to the adjustments\nand other terms set forth in the agreement. At closing, three-eighths of the\npurchase price will be paid in cash. One-half of the purchase price will be\npaid in Energy Services common stock, to be issued as soon as possible after\nclosing, and the remaining one-eighth will be withheld pending a post-closing\ntrue-up. The Company currently anticipates the transaction will close on or\nabout October 9, 2026, subject to satisfaction or waiver of the applicable\nclosing conditions and other circumstances that may affect the timing of\nclosing.\n\nFAMCO is an established West Virginia contractor with an experienced\nworkforce, equipment fleet, customer relationships and contract backlog in\nwater and sewer infrastructure. The acquisition is expected to complement the\nCompany's existing water and utility construction operations.\n\n\"We are excited to add FAMCO to the Energy Services team,\" Douglas Reynolds,\nPresident, commented on the announcement. \"FAMCO brings experienced people,\nequipment and customer relationships that complement our existing operations\nand further strengthen our capabilities in water and utility construction.\"\n\nAbout Energy Services\n\nEnergy Services of America Corporation (NASDAQ: ESOA), headquartered in\nHuntington, WV, is a contractor and service company that operates primarily in\nthe mid-Atlantic and Central regions of the United States and provides\nservices to customers in the natural gas, petroleum, water distribution,\nautomotive, chemical, and power industries. Energy Services employs 1,400+\nemployees on a regular basis. The Company's core values are safety, quality,\nand production.\n\nCertain statements contained in the release including, without limitation, the\nwords \"believes,\" \"anticipates,\" \"intends,\" \"expects\" or words of similar\nimport, constitute \"forward-looking statements\" within the meaning of section\n21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\").\nSuch forward-looking statements involve known and unknown risks, uncertainties\nand other factors that may cause the actual results, performance, or\nachievements of the Company to be materially different from any future\nresults, performance or achievements of the Company expressed or implied by\nsuch forward-looking statements. Such factors include, among others, general\neconomic and business conditions, changes in business strategy or development\nplans, the integration of acquired business and other factors referenced in\nthis release. Given these uncertainties, prospective investors are cautioned\nnot to place undue reliance on such forward-looking statements. The Company\ndisclaims any obligation to update any such factors or to publicly announce\nthe results of any revisions to any of the forward-looking statements\ncontained herein to reflect future events or developments.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-announces-agreement-to-acquire-famco-inc-302896609.html\n(https://www.prnewswire.com/news-releases/energy-services-of-america-announces-agreement-to-acquire-famco-inc-302896609.html)\n\nSOURCE Energy Services of America Corporation\n\n\n\nInvestor Relations: Steven Hooser, Three Part Advisors, LLC, (214) 872-2710\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS693843/ESA-Logo.jpg?id=OA2981091\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-01T21:00:00.868373283Z","server_sent_at_ms":1790888400868},"received_at":"2026-10-01T21:00:00.921Z","source_url":"https://www.prnewswire.com/news-releases/energy-services-of-america-announces-agreement-to-acquire-famco-inc-302896609.html"},"analysis":{"id":"147524","press_release_id":"158912","analysis_json":{"industry":{"label":"Construction & Engineering","sector":"Industrials"},"redFlags":["half of purchase price paid in stock — dilution for ESOA shareholders","one-eighth of price withheld pending post-closing true-up"],"eventType":"m_and_a","narrative":"Energy Services of America signed an 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.\n\nConsideration is split three-eighths cash at closing, one-half in ESOA common stock issued after closing, and one-eighth withheld pending a post-closing true-up; closing is expected on or about October 9, 2026.\n\nFAMCO's workforce, equipment and water/sewer backlog complement Energy Services' existing utility construction operations, per President Douglas Reynolds.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Small-cap ESOA bolt-on acquisition expands water/sewer infrastructure exposure with mostly stock consideration."},"keyFigures":{"dealValueUsd":6950000,"customDimensions":{"expected_close":"on or about October 9, 2026","payment_structure":"3/8 cash at closing, 1/2 in ESOA common stock, 1/8 withheld pending post-closing true-up"}},"quotedText":"FAMCO brings experienced people, equipment and customer relationships that complement our existing operations and further strengthen our capabilities in water and utility construction.","namedEntities":{"people":[{"name":"Douglas Reynolds","role":"President"}],"products":[],"companies":[{"name":"Energy Services of America Corporation","ticker":"ESOA","relationship":"acquirer"},{"name":"FAMCO, Inc.","relationship":"target"},{"name":"FAMCO Acquisition, Inc.","relationship":"acquisition subsidiary"},{"name":"Three Part Advisors, LLC","relationship":"investor relations"}],"dollarAmounts":[{"amount":"$6.95 million","context":"base purchase price for FAMCO assets"}]},"materialImpact":{"score":3,"reasoning":"Issuer-authored acquisition announcement with a definitive agreement for a $6.95 million target — a meaningful bolt-on for a small-cap contractor, but small in absolute terms. Stock consideration introduces modest dilution."},"tickerRelevance":{"others":[],"primary":"ESOA"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"dealSize":"$6.95M","tickerTier":"micro-cap","eventGravity":"small M&A bolt-on","issuerAuthored":true}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Energy Services of America signed an 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.\n\nConsideration is split three-eighths cash at closing, one-half in ESOA common stock issued after closing, and one-eighth withheld pending a post-closing true-up; closing is expected on or about October 9, 2026.\n\nFAMCO's workforce, equipment and water/sewer backlog complement Energy Services' existing utility construction operations, per President Douglas Reynolds.","key_figures":{"dealValueUsd":6950000,"customDimensions":{"expected_close":"on or about October 9, 2026","payment_structure":"3/8 cash at closing, 1/2 in ESOA common stock, 1/8 withheld pending post-closing true-up"}},"named_entities":{"people":[{"name":"Douglas Reynolds","role":"President"}],"products":[],"companies":[{"name":"Energy Services of America Corporation","ticker":"ESOA","relationship":"acquirer"},{"name":"FAMCO, Inc.","relationship":"target"},{"name":"FAMCO Acquisition, Inc.","relationship":"acquisition subsidiary"},{"name":"Three Part Advisors, LLC","relationship":"investor relations"}],"dollarAmounts":[{"amount":"$6.95 million","context":"base purchase price for FAMCO assets"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T21:00:05.684Z","global_importance":25,"audience_relevance":15,"importance_components":{"dealSize":"$6.95M","tickerTier":"micro-cap","eventGravity":"small M&A bolt-on","issuerAuthored":true}},"durationMs":4731,"modelName":"glm-5.3-flashx"}}