Energy Services to buy FAMCO assets for $6.95 million, half payable in company stock
On October 1, 2026, Energy Services of America agreed to buy substantially all operating assets of FAMCO, Inc., a West Virginia water and sewer utility contractor, for a base price of $6.95 million, subject to adjustments. Half the price will be paid in newly issued Energy Services common stock, so the deal would add shares for existing holders, and the company expects closing on or about October 9, 2026. The company says FAMCO's workforce, equipment and contract backlog are expected to complement its existing water and utility construction operations.
Key points
- Base purchase price of $6.95 million, subject to adjustments in the agreement
- Three-eighths paid in cash at closing; one-half in common stock issued after closing; one-eighth withheld pending a post-closing true-up
- Buyer is new subsidiary FAMCO Acquisition, Inc.; closing expected on or about October 9, 2026, subject to closing conditions
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.