Energy Services of America expands utility portfolio with FAMCO acquisition

The acquisition, executed through the subsidiary FAMCO Acquisition, Inc., involves the purchase of substantially all operating assets. Financial terms dictate a structured payout: 37.5% in cash at closing, 50% in common stock issued following the transaction, and a remaining 12.5% held for post-closing adjustments. The parties anticipate finalizing the deal around October 9, 2026.

Douglas Reynolds, president of Energy Services, noted that the move integrates an established fleet and a seasoned workforce into the firm’s current utility network. Headquartered in Huntington, West Virginia, Energy Services maintains a workforce of over 1,400 employees, providing infrastructure support for the petroleum, chemical, and natural gas industries. This expansion reinforces the company's focus on the water distribution sector, aligning with its broader strategy to scale regional operations.