Energy Services of America Announces Acquisition of Heritage Painting

Energy Services of America (Nasdaq: ESOA) announced the acquisition of Heritage Painting by its subsidiary, Nitro Construction Services.

Rhea-AI Summary

Energy Services of America (Nasdaq: ESOA) announced the acquisition of Heritage Painting by its subsidiary, Nitro Construction Services. The acquisition expands Energy Services' reach in West Virginia and neighboring regions, enhancing their service offerings to the industrial, commercial, fabrication, and oil and gas sectors. Heritage Painting specializes in fabricated pipe, large natural gas valves, commercial painting, and floor coatings. CEO Douglas Reynolds highlighted Heritage's strong customer service and safety record as key alignments with Energy Services' values.

Positive

• The acquisition expands Energy Services' geographical reach in West Virginia and surrounding areas.
• Heritage Painting's diverse service offerings, including fabricated pipe and large natural gas valves, complement Energy Services' existing capabilities.
• Heritage's strong emphasis on customer service and safety aligns well with Energy Services' corporate values.

Negative

• None.

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HUNTINGTON, W.Va., July 11, 2024 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced Nitro Construction Services, a subsidiary of Energy Services, has acquired Heritage Painting, LLC.

Heritage Painting operates in West Virginia and surrounding areas providing services to the industrial, commercial, fabrication, oil and gas industries. Heritage works across a number of products including fabricated pipe, large natural gas valves, commercial painting and floor coatings.

"We are excited to add Heritage Painting to our portfolio," said Douglas Reynolds, President, and CEO of Energy Services. "Heritage a long history of providing exceptional customer service to its clients with an emphasis on safety is a strong match with our values."

About Energy Services

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company's core values are safety, quality, and production.

View original content:https://www.prnewswire.com/news-releases/energy-services-of-america-announces-acquisition-of-heritage-painting-302195370.html

SOURCE Energy Services of America Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What company did Energy Services of America (ESOA) acquire?

Energy Services of America acquired Heritage Painting through its subsidiary, Nitro Construction Services.

When did Energy Services announce the acquisition of Heritage Painting?

Energy Services announced the acquisition on July 11, 2024.

What sectors does Heritage Painting serve?

Heritage Painting serves the industrial, commercial, fabrication, and oil and gas sectors.

What are the specialized products of Heritage Painting?

Heritage Painting specializes in fabricated pipe, large natural gas valves, commercial painting, and floor coatings.

Why did Energy Services acquire Heritage Painting?

Energy Services acquired Heritage Painting to expand its geographical reach and service offerings, and because Heritage's strong customer service and safety record align with Energy Services' values.